International credit rating agency S&P Global Ratings has assessed Azerbaijan’s net international investment position over the medium term. According to the agency’s forecast, in 2025–2028 this indicator is expected to average around 76% of GDP.
📊 S&P notes that the external balance remains one of the key strengths of Azerbaijan’s economy. This is largely due to accumulated foreign currency assets held by the State Oil Fund of Azerbaijan (SOFAZ), which provide substantial financial buffers.
According to the agency, the country’s external liquid assets are expected to exceed its external debt at least through 2028, reducing the economy’s vulnerability to external shocks and price volatility in global commodity markets.
