Russia Current Account Balance (USD bn)

Current Account Balance in Russia

The economy shrank at a softer annual pace of 1.9% in Q1, marking the softest downturn since Russia’s invasion of Ukraine pushed activity into contraction in Q2 2022. The milder contraction came on the back of a stronger industrial sector and resilient consumer demand amid the government’s spending boost. Turning to Q2, the economy seems on track to exit the recession. Economic activity jumped 3.3% annually in April, marking the first expansion since February 2022. This was chiefly due to expansions in retail sales and industrial output, and as a tight labor market and supportive fiscal spending likely boosted total consumption. PMI data suggests that activity expanded again in May, reflecting the economy’s resilience to international sanctions. In other news, all eyes are now on the expected Ukrainian counteroffensive, which could be decisive in the eventual settlement of the conflict.

Russia Current Account Balance Chart

This chart displays Current Account Balance (USD bn) for Russia from 2013 to 2022.

Russia Current Account Balance Data

2017 2018 2019 2020 2021
Current Account Balance (USD bn) 32.2 115.7 65.7 35.4 122.3

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest