Economy / Azerbaijan
Macroeconomic Forecast Azerbaijan
February 2010 | Macroeconomic ForecastsLatest balance of payments data show that Azerbaijani exports fell by a massive 43.6% y-o-y to US$14.8bn over Q109-Q309, reflecting the sharp drop off in oil prices compared to the first three quarters of 2008. Imports also contracted sharply, falling 14.1% y-o-y to US$4.7bn over the same period. In 2010, we expect higher oil prices and continued production increases to see exports soar to 35.0%, with imports set to expand at a more moderate
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