Azerbaijan's strategic reserves are six times the combined reserves of Armenia and Georgia

Azerbaijan holds the leading position in the South Caucasus by volume of strategic foreign currency reserves. According to the State Statistics Committee, the country's strategic reserves stood at $89.38 billion as of 30 September 2026. This amount is about 19.8 times the country's external public debt of $4.51 billion. The reserves are about 10.9 times Georgia's international reserves of $8.17 billion, announced in September, and 13.4 times Armenia's foreign currency reserves of $6.66 billion.

Strategic reserves include the Central Bank's foreign currency reserves as well as the assets of the State Oil Fund. According to the Central Bank, its foreign currency reserves totalled $15.363 billion as of 1 October 2026. The State Oil Fund's assets reached $72.6 billion at the end of the first half of 2026.

The current account surplus was $4.7 billion in the first half of 2026, or 12.4% of GDP. This is more than double the $2.3 billion surplus recorded in the same period of 2025.