Azerbaijan reduces current account surplus by 3 times

Azerbaijan's current operating balance (COB) surplus totalled $8,329.4 million in 2023. This was reported by the Central Bank of Azerbaijan. The report says that it is down by 64.5% or 2.8 times from 2022. Note that the annual surplus was due to the foreign trade balance surplus of $12805.6 million, the services balance deficit of $2,334.6 million, the primary income balance deficit of $3,199.1 million and the surplus of $1,057.5 millio...

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