11:04 - 30.12.2021

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December 30, Fineko/abc.az. The main factors affecting Azerbaijan's balance of payments will be the expansion of global demand in 2022 and the dynamics of oil prices under these conditions, the macroeconomic situation in trading partners, and the dynamics of non-oil exports.

ABC.AZ reports that according to estimates, in 2022 the balance of payments surplus is expected at an oil price of even $50 at the level of about 4% of GDP due to current operations.

The Central Bank’s statement on the main directions of monetary and financial stability policy for 2022 says that for the past 11 months of 2021 the surplus of the foreign trade balance grew 2.8-fold (against Jan-Nov 2021) up to $9.4 bn. Non-oil export increased by 44% and non-oil import by 9%. The current account surplus of the balance of payments for 9 months amounted to $3.9 bn, or 11% of GDP.