Azerbaijan Pulls Lid Over Its Service Trading In 1H2025
The data obtained by Trend from the Central Bank (CBA) shows that of this, $5.2 billion accounted for services provided by non-residents to residents of the country, and $4.1 billion - services provided by Azerbaijani residents to foreign residents.
"In general, the deficit in the balance of services decreased by 5.7 percent to $1.1 billion, which indicates that in recent years, the trend of forming a balance in the balance of services has been strengthening. The deficit in the balance of services in the oil and gas sector (mainly construction services and other business services) was $705.2 million. The deficit in the balance of services in the non-oil and gas sector was $342.9 million," the CBA statement said.
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