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International Monetary Fund forecasts Azerbaijan's current account surplus

Finance Materials 22 October 2024 23:26 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 22. The International Monetary Fund (IMF) expects Azerbaijan's current account surplus to amount to 6.1 percent of GDP in 2024 (8.5 percent in the previous forecast), Trend reports.

The IMF projects the current account surplus to be 5.9 percent of GDP in 2025 (8.1 percent).

To note, Azerbaijan's GDP grew by 4.7 percent in January-September 2024 compared to the same period of 2023—up to 92.8 billion manat ($54.5 billion).

Azerbaijan's GDP is forecasted to reach 129.2 billion manat ($75.9 billion) by the end of 2025.

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