Azerbaijan Trade balance, percent of GDP
(percent, source: The World Bank)
Azerbaijan Trade balance as percent of GDP: For that indicator, The World Bank provides data for Azerbaijan from 1990 to 2012. The average value for Azerbaijan during that period was 4.82 percent with a minumum of -31.83 percent in 1998 and a maximum of 42.31 percent in 2008.
The trade balance for Azerbaijan and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit. The global economy explained in our brief and easy guide to the world economy. Trade balance, percent of GDP rankings around the world. Create and download charts for Azerbaijan Trade balance, percent of GDP and other indicators with the country comparator.
Azerbaijan Trade balance, percent of GDP: Compare to other countries
World Bank definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).