Current Account in Russia
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
|Current Account Balance (USD bn)||33.4||57.5||68.8||25.5||35.2|
5 years of economic forecasts for more than 30 economic indicators.
Russia Current Account (USD bn) Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||7.66||0.13 %||Jun 14|
|Exchange Rate||64.63||-0.12 %||Jun 14|
|Stock Market||2,739||-1.03 %||Jun 14|
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June 19, 2019
GDP growth plunged to 0.5% year-on-year in the first quarter of 2019, according to a second estimate released by Rosstat.
June 18, 2019
Industrial output growth slowed notably in May, after hitting a nearly two-year high in April.
June 11, 2019
Merchandise exports totaled USD 35.7 billion in April, which represented a 0.9% contraction from the USD 36.0 billion sum recorded in the same month of 2018.
May 27, 2019
Merchandise exports totaled USD 37.0 billion in March, which represented a 0.9% expansion from the USD 36.7 billion sum recorded in the same month of 2018.
May 17, 2019
GDP growth plunged to 0.5% year-on-year in the first quarter of 2019, according to a preliminary estimate.