Azerbaijan reduces balance of payments surplus by more than 35 times
Total surplus of Azerbaijan's balance of payments amounted to $181.6 million in January-September 2024.This was reported by the Central Bank of Azerbaijan.
According to the data, this is down by 35.2 times from the same period of 2023.
Note that the total surplus was formed at the expense of surplus of the country's current account balance in the amount of $ 3,952.9 million, deficit on the financial account in the amount of $ 3,570.5 million and deficit on balance sheet items in the amount of $ 200.8 million.
Finance
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In January-September 2024 the capital outflow from Azerbaijan (negative balance of the country's financial account) totalled $3 billion 570.5 million.This was reported by the Central Bank of Azerbaijan.
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In January-September 2024, Azerbaijan's current account surplus (CAS) totalled about $4 billion, or 7.2 % of gross domestic product (GDP).
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In January-November 2024, unemployment insurance premiums in Azerbaijan totalled AZN 183.9 million.This is reported by the State Tax Service under the Ministry of Economy.
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The State Service for Property Issues under the Ministry of Economy for the 3rd time puts out vehicles of the State Insurance Commercial Company (‘Azersygorta’), which is in the process of liquidation, at an open auction with a 25% discount.This was reported by the State Service.
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