Azerbaijan: Net errors and omissions

* indicates monthly or quarterly data series
 Azerbaijan

Balance of payments, net errors and omissions

 Latest value 1,320.61
 Year 2023
 Measure million USD
 Data availability 1995 - 2023
 Average -237.96
 Min - Max -2,810.28 - 3,625.86
 Source The World Bank
The latest value from 2023 is 1320.61 million USD, an increase from -1617.76 million USD in 2022. In comparison, the world average is -1826.71 million USD, based on data from 111 countries. Historically, the average for Azerbaijan from 1995 to 2023 is -237.96 million USD. The minimum value, -2810.28 million USD, was reached in 2014 while the maximum of 3625.86 million USD was recorded in 2016. 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 data
Azerbaijan - Net errors and omissions - Recent values chart

Historical series
Azerbaijan - Net errors and omissions - historical chart - 1995-2023




Definition: Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 156.78 2021 percent
 Trade openness 83.62 2023 percent
 Financial openness 0.024 2021 index points
 Exports, percent of GDP 49.05 2023 percent
 Exports, billion dollars 35.49 2023 billion U.S. dollars
 Growth of exports -1.10 2014 percent
 Imports, percent of GDP 34.57 2023 percent
 Imports, billion dollars 25.02 2023 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 -1.20 2023 million dollars (current)
 Current account, percent of GDP 22.50 2022 percent
 Current account, in dollars 8.33 2023 billion U.S. dollars
 Trade balance, percent of GDP 33.03 2022 percent
 Trade balance, in dollars 10.47 2023 billion U.S. dollars
 Reserves 13.75 2023 billion U.S. dollars
 Remittances, percent of GDP 3.87 2023 percent
 Remittances 2,800.00 2023 million U.S. dollars
 Net errors and omissions 1,320.61 2023 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 11.74 6/2024 billion
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