Current Account in Russia

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

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

Comprehensive GDP data revealed a stronger expansion in the third quarter of 2018 than previously estimated, revising growth up to 1.5% annually. Despite the upward revision, the recovery still lost steam overall in the third quarter, as deteriorating consumption dynamics and a poor performance by the agricultural sector weighed on activity. Available data for the fourth quarter suggests that growth likely gained steam. Rising oil production likely buttressed activity, despite the fact that the price of Ural oil sunk to the lowest level since June 2017 in December. In the political arena, OPEC, Russia and other allies agreed to further limit oil production on 7 December, in an attempt to boost failing oil prices. On a bright note, in the same month, the U.S. Treasury announced plans to lift sanctions on several Russian companies linked to Oleg Deripaska, including aluminum giant Rusal, after Deripaska ceded control.

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 Yield8.230.13 %Jan 16
Exchange Rate67.08-0.12 %Jan 16
Stock Market2,435-1.03 %Jan 16

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