Goods balance (credit less debit), Net (credits less debits) (US) in Azerbaijan
Azerbaijan: Goods balance (credit less debit), Net (credits less debits) (US) was 8.82 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Azerbaijan, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Azerbaijan is 8.82 billion, measured in 2024.
Compared with earlier readings it is down 31.1% on the previous year and down 53.4% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Azerbaijan peaked at 28.70 billion in 2022 and was at its lowest, 2.51 billion, in 2020.
That places Azerbaijan 36th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.25 billion | — |
| 2006 | 7.80 billion | +140.1% |
| 2007 | 15.02 billion | +92.7% |
| 2008 | 22.92 billion | +52.5% |
| 2009 | 14.54 billion | -36.5% |
| 2010 | 19.43 billion | +33.6% |
| 2011 | 24.13 billion | +24.2% |
| 2012 | 21.91 billion | -9.2% |
| 2013 | 20.61 billion | -6.0% |
| 2014 | 18.93 billion | -8.2% |
| 2015 | 5.81 billion | -69.3% |
| 2016 | 4.21 billion | -27.6% |
| 2017 | 6.11 billion | +45.4% |
| 2018 | 9.84 billion | +60.9% |
| 2019 | 8.53 billion | -13.3% |
| 2020 | 2.51 billion | -70.6% |
| 2021 | 11.27 billion | +348.9% |
| 2022 | 28.70 billion | +154.6% |
| 2023 | 12.81 billion | -55.4% |
| 2024 | 8.82 billion | -31.1% |
Azerbaijan compared with similar countries
- Azerbaijan's 8.82 billion is above the median for upper middle income countries, which is -778.45 million. (54 countries reporting)
- Azerbaijan's 8.82 billion is above the median for Europe & Central Asia, which is -3.17 billion. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.71 billion | 3.25 billion | 22.92 billion | 5 |
| 2010s | 13.95 billion | 4.21 billion | 24.13 billion | 10 |
| 2020s | 12.82 billion | 2.51 billion | 28.70 billion | 5 |
Countries ranked near Azerbaijan
More financial sector data for Azerbaijan
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.73 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.73 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Azerbaijan?
- Goods balance (credit less debit), net (credits less debits) in Azerbaijan was 8.82 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Azerbaijan?
- The highest recorded value was 28.70 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Azerbaijan?
- The lowest recorded value was 2.51 billion in 2020.
- How does Azerbaijan rank for goods balance (credit less debit), net (credits less debits)?
- Azerbaijan ranks 36th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Azerbaijan?
- Over the last ten years it is down 53.4%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.