Azerbaijan: Trade balance, percent of GDP

(measure: 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 2016. The average value for Azerbaijan during that period was 5.29 percent with a minumum of -31.83 percent in 1998 and a maximum of 42.31 percent in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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).