17:38 - 4.12.2025

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December 4, Fineko/abc.az. In 2024, despite the increase in net outflow of funds from Azerbaijan, the country maintained a current account surplus, ABC.AZ reports, referring to the World Bank.

In 2024, net outflow of borrowed funds was observed in Vietnam, Kazakhstan, Egypt, Argentina and Azerbaijan. It is linked with the fact that the amount of funds withdrawn from these countries exceeded the amount of funds received.

However, the WB emphasizes that Azerbaijan is one of the few countries with current account surplus.

In the LMIC group (low- and middle-income countries) in 2024, only 23 countries had current account surplus, including Azerbaijan. Surplus is linked with country's high income from energy exports.

According to the report, in 2024, about 75% of the CIS countries faced current account deficit. The main risks that could affect the export revenues of these countries, including Azerbaijan, include declining foreign trade revenues, geopolitical tensions, and uncertainty in global trade policy.

It was emphasized that the LMIC countries, with exception of China, have been continuously operating with current account deficits since 2008. At the same time, Azerbaijan has remained aloof from this trend due to energy exports.