Current Account in Russia

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

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

A second GDP estimate confirmed that growth remained lackluster in the second quarter, despite strengthening somewhat from the first quarter. This was chiefly due to frailer dynamics in the all-important industrial sector: Mining activity lost traction amid weak global oil prices and constrained domestic production, while manufacturing output growth remained feeble and construction activity was stagnant in Q2. Turning to the third quarter, incoming data points to gradually improving momentum. Economic activity accelerated considerably in July–August, supported by robust industrial output growth. That said, consumer demand remained weak, reflected in slowing retail sales in July–August amid softening labor market metrics, while lower crude prices in the same two months boded ill for the external sector, with exports likely dipping for a fifth consecutive month in August.

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 Yield7.040.13 %Sep 04
Exchange Rate66.91-0.12 %Sep 04
Stock Market2,793-1.03 %Sep 04

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