The International Monetary Fund (IMF) has updated its forecasts for Azerbaijan's balance of payments. According to the new projections, the current account surplus will reach $7.572 billion in 2026.
In the first three quarters of 2025, the surplus stood at 5.4% of GDP, down from 6.3% in 2024. Oil revenues declined by 7.2%, while non-oil import growth slowed to 3.9%.
In 2026, the surplus is expected to rise to about 10% of GDP due to higher oil and gas prices. Growing European demand for gas may create additional opportunities.
In the medium term, the surplus will gradually narrow: to $4.45 billion in 2027, $1 billion in 2030, and $634 million in 2031.
