BAKU, Azerbaijan, June 8. S&P Global Ratings expects Azerbaijan's current account balance to reach 10.3 percent of GDP in 2024, Trend reports.
The figures are projected to be 6.9 percent of GDP in 2025, 5.7 percent in 2026, and 4.6 percent in 2027, based on the data provided by the company.
Furthermore, it is worth mentioning that S&P Global Ratings has maintained Azerbaijan's long-term and short-term sovereign credit ratings in foreign and local currency at the "BB+/B" level.
The Central Bank of Azerbaijan predicts that by the end of 2024, the balance of current operations will be sitting pretty at $7 billion, and in 2025, it will be around $6.5 billion.
To note, the IMF expects Azerbaijan's current account balance to amount to 8.5 percent of GDP in 2024 and 8.1 percent of GDP in 2025, while the WB forecasts 7.9 percent of GDP in 2024 and 6.5 percent in 2025.
Launched in 2012, S&P Global is the world's largest global resource for index-based concepts, data, and research. S&P Global Ratings provides credit ratings, research, and insights required for growth and transparency in 27 countries. Local and global perspectives are offered by S&P Global Ratings analysts.
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