Current Account in Russia

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

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

While annual growth nearly doubled in Q3 from Q2’s outturn, available data looks mixed, signaling that the upturn was likely boosted by temporary factors. On the one hand, falling inflation, improving consumer confidence, a stable ruble and monetary easing by the Central Bank boded well for overall domestic demand in Q3. On the other hand, retail sales growth slumped in Q3 amid an uptick in the unemployment rate, signaling that consumer demand remained lackluster in the quarter. Moreover, conditions remained challenging on the external front: Merchandise exports fell at the sharpest pace in three years in Q3 amid faltering commodity prices. Turning to Q4, data paints a similarly mixed picture. Sustained monetary policy easing, lower inflation and a supportive budget policy likely spurred consumption in investment activity at the beginning of the quarter. That said, industrial output growth slumped to a five-month low in October, on a downturn in mining activity.

Russia - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)33.4  57.5  67.8  24.5  32.4  

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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 Yield6.380.13 %Nov 21
Exchange Rate64.02-0.12 %Nov 21
Stock Market2,943-1.03 %Nov 21

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