Azerbaijan: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Azerbaijan

Trade balance as percent of GDP

 Latest value 33.03
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 6.58
 Min - Max -31.83 - 42.31
 Source The World Bank
For that indicator, we provide data for Azerbaijan from 1990 to 2022. The average value for Azerbaijan during that period was 6.58 percent with a minimum of -31.83 percent in 1998 and a maximum of 42.31 percent in 2008. The latest value from 2022 is 33.03 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Azerbaijan - Trade balance, percent of GDP - recent values

Historical chart
Azerbaijan - Trade balance, percent of GDP - historical chart - 1990-2022




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.
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).


 Related indicators Latest value Reference Measure
 Terms of trade 156.78 2021 percent
 Trade openness 87.08 2022 percent
 Financial openness 0.024 2021 index points
 Exports, percent of GDP 60.05 2022 percent
 Exports, billion dollars 47.27 2022 billion U.S. dollars
 Growth of exports -1.10 2014 percent
 Imports, percent of GDP 27.03 2022 percent
 Imports, billion dollars 21.27 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -5.68 2022 percent
 Foreign Direct Investment, billion dollars -4.47 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4.62 2022 million dollars (current)
 Current account, percent of GDP 22.50 2022 percent
 Current account, in dollars 23.48 2022 billion U.S. dollars
 Trade balance, percent of GDP 33.03 2022 percent
 Trade balance, in dollars 26.00 2022 billion U.S. dollars
 Reserves 11.29 2022 billion U.S. dollars
 Remittances, percent of GDP 5.02 2022 percent
 Remittances 3,950.03 2022 million U.S. dollars
 Net errors and omissions -1,617.76 2022 million USD
 External debt 20.80 2022 percent
 Short-term external debt 3.31 2022 percent
 Short-term debt to reserves 4.48 2022 percent
 Foreign exchange reserves 9.78 9/2023 billion
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