BAKU, Azerbaijan, December 7. International ratings agency S&P Global Ratings has forecast that Azerbaijan’s current account surplus will reach 6.9 percent of GDP in 2024, Trend reports citing the agency.
According to the data obtained, we expect the surplus to decline to 2.7 percent of GDP in 2025 and further reduce to 1.2 percent in 2026.
In comparison, the International Monetary Fund (IMF) expects Azerbaijan's current account surplus to stand at 6.1 percent of GDP in 2024, with a slight drop to 5.9 percent in the following year.
Notably, Azerbaijan's current account surplus amounted to $5.2 billion in January–September 2024.
The Central Bank of Azerbaijan also forecasts a positive trend, estimating that the surplus in the current account will reach approximately $5.3 billion by the end of 2024 and continue to grow to $5.5 billion in 2025.
S&P Global Ratings is an American credit rating firm and a subsidiary of S&P Global that disseminates financial research and analysis on equities, fixed-income securities, and commodities. The organization, functioning as a credit rating agency, assigns credit ratings to the debt of both public and private entities, as well as to public debtors, including governments, governmental agencies, and municipalities.
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