Current Account in Russia

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

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

Growth dropped notably in the third quarter, according to a preliminary estimate. While a breakdown by components is not yet available, plunging agricultural output due to a weak and late harvest likely held back activity. In addition, consumption dynamics were likely weak, with consumer sentiment plunging in the aftermath of the government announcing unpopular reforms. However, data for the start of the fourth quarter point to firmer conditions, with both the manufacturing and services PMIs hitting over six-month highs in October. Moreover, the government’s fiscal stance has improved notably thanks to higher oil prices and controlled spending. The budget surplus in the first 11 months of the year soared, putting the country on track to record its first fiscal surplus since 2011 this year. In November, the Duma also passed a prudent three-year budget plan that envisions an over USD 60 billion surplus and could bring the national wealth fund to over USD 200 billion by 2021.

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 Yield8.700.13 %Nov 29
Exchange Rate66.94-0.12 %Nov 29
Stock Market2,399-1.03 %Nov 29

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