Current Account in Russia

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

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

Growth hit a six-year high in 2018, driven by a strengthening external sector and booming construction activity at home. Adding to the positive news, on 8 February, Moody’s upgraded Russia’s credit rating from Ba1 to Baa3 with a stable outlook, raising it to investment grade. Against this backdrop, on 20 February, President Vladimir Putin delivered his annual state-of-the-nation speech. Amid still-weak growth and his tumbling approval ratings, the address was largely devoted to domestic issues. The President pledged to boost social spending through housing subsidies, tax breaks and higher child support payments. Meanwhile, available data signals weaker momentum in Q1: Growth likely moderated in January amid cooling activity in the manufacturing and construction sectors, and softer consumer demand following a rise in the VAT at the beginning of the year.

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 Yield8.280.13 %Mar 20
Exchange Rate64.32-0.12 %Mar 20
Stock Market2,504-1.03 %Mar 20

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