Azerbaijan reduces current account surplus by 40%

In January-September 2024, Azerbaijan's current account surplus (CAS) totalled about $4 billion, or 7.2 % of gross domestic product (GDP). Director of the Statistics Department Samir Nasirov stated this at a briefing at the Central Bank of Azerbaijan. According to him, this is down by about 40% as compared to the same period of 2023. Over the past year, the CAS surplus in the oil and gas sector declined by about 8 % to $11.1 billion,...

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