IMF Upgrades Azerbaijan Current Account Surplus Forecasts

The International Monetary Fund upgraded its forecasts for Azerbaijan's current account surplus for 2026 and 2027. The organization now expects the surplus to reach 11.3% of GDP in 2026 and 9.8% of GDP in 2027, marking a significant increase from its May projections of 9.7% and 5.4%, respectively.

These revisions follow first-half 2026 results, which estimated the surplus at $4.738 billion, or 12.4% of GDP. Other financial institutions provide differing estimates for the period. Fitch Ratings forecasts a surplus of 10.9% of GDP in 2026 and 6.2% in 2027.

The Central Bank of Azerbaijan provided its own projections, estimating figures of $5.5 billion for 2026 and $4.4 billion for 2027.