Current Account in Russia

Russia Current Account (USD bn) | Economic News & Forecasts

Russia - Current Account (billions of U.S. Dollars)

A preliminary estimate revealed growth plunged in the first quarter of the year, recording one of the worst readings since the economic downturn in 2015-2016. Although a detailed breakdown is not yet available, the VAT hike, rising inflation, downbeat sentiment and stunted export growth—due to a relatively warm winter in Europe and oil production quotas—likely all combined to stifle growth. Available data for the second quarter is mixed, with industrial production output surging in April while retail sales lost steam. Meanwhile, all eyes are on the upcoming OPEC+ meetings scheduled for late June and whether oil production cuts, which are currently set to expire, will be extended.

Russia - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)33.4  57.5  68.8  25.5  35.2  

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Russia Current Account (USD bn) Chart

Russia Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of the Russian Federation (CBR).

Russia Facts

Bond Yield7.660.13 %Jun 14
Exchange Rate64.63-0.12 %Jun 14
Stock Market2,739-1.03 %Jun 14

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