Azerbaijan - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Azerbaijan was $7,779,294,000 as of 2018. Over the past 28 years, the value for this indicator has fluctuated between $21,332,660,000 in 2011 and ($2,077,134,000) in 2004.

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). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 $410,876,100
1991 $391,576,200
1992 $1,577,628,000
1993 ($737,231,600)
1994 ($195,757,700)
1995 ($638,589,100)
1996 ($984,538,500)
1997 ($951,442,900)
1998 ($1,415,224,000)
1999 ($636,139,300)
2000 $94,543,020
2001 $238,698,600
2002 ($454,021,800)
2003 ($1,712,686,000)
2004 ($2,077,134,000)
2005 $1,329,913,000
2006 $5,821,916,000
2007 $13,093,230,000
2008 $20,669,180,000
2009 $12,635,230,000
2010 $17,787,720,000
2011 $21,332,660,000
2012 $19,292,900,000
2013 $16,431,740,000
2014 $12,839,600,000
2015 $1,585,887,000
2016 $1,051,952,000
2017 $2,735,301,000
2018 $7,779,294,000

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Azerbaijan was 13,224,800,000 as of 2018. As the graph below shows, over the past 28 years this indicator reached a maximum value of 16,981,800,000 in 2008 and a minimum value of -2,041,200,000 in 2004.

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). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 13,600
1991 23,800
1992 1,523,500
1993 -5,829,600
1994 -22,133,900
1995 -446,400,000
1996 -846,900,000
1997 -758,300,000
1998 -1,095,100,000
1999 -524,200,000
2000 84,600,000
2001 222,300,000
2002 -441,400,000
2003 -1,682,200,000
2004 -2,041,200,000
2005 1,257,300,000
2006 5,201,300,000
2007 11,235,300,000
2008 16,981,800,000
2009 10,156,200,000
2010 14,278,200,000
2011 16,846,400,000
2012 15,156,500,000
2013 12,890,700,000
2014 10,070,100,000
2015 1,624,900,000
2016 1,678,600,000
2017 4,708,000,000
2018 13,224,800,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Azerbaijan was 16.57 as of 2018. Its highest value over the past 28 years was 42.31 in 2008, while its lowest value was -31.83 in 1998.

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).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 4.64
1991 4.45
1992 31.61
1993 -18.57
1994 -5.91
1995 -20.92
1996 -30.99
1997 -24.01
1998 -31.83
1999 -13.89
2000 1.79
2001 4.18
2002 -7.28
2003 -23.54
2004 -23.93
2005 10.04
2006 27.75
2007 39.62
2008 42.31
2009 28.53
2010 33.62
2011 32.35
2012 27.69
2013 22.16
2014 17.06
2015 2.99
2016 2.78
2017 6.69
2018 16.57

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts