Current Account in Russia

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

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

Preliminary GDP figures revealed that the economy regained some lost momentum in the first quarter of the year, after slowing substantially at the end of 2017. Healthy private consumption likely drove the pick-up thanks to a low unemployment rate, rising wages and improved consumer confidence; a detailed breakdown of the result is not yet available. Moreover, data for the second quarter has been largely positive so far, with industrial production growth accelerating in April and the Ural oil price strengthening in both April and May. This year’s oil price rally allowed the Ministry of Finance to revise the 2018 budget in May, projecting a budget surplus for the first time since 2011. However, the imposition of additional sanctions by the U.S. continues to cast a cloud on the economic outlook. In recent weeks, several high-profile management figures have stepped down from aluminum giant Rusal and energy company EN+ Group, in an attempt to win exemptions from sanctions. Meanwhile, the country is gearing up to host the FIFA World Cup in mid-June. The tournament should see a boost in tourism revenue, although the economic impact is expected to be slight overall.

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

ValueChangeDate
Bond Yield7.860.13 %Jun 19
Bond Yield7.860.13 %Jun 19
Exchange Rate63.48-0.12 %Jun 19
Exchange Rate63.48-0.12 %Jun 19
Stock Market2,221-1.03 %Jun 19
Stock Market2,221-1.03 %Jun 19

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