Russia's current account surplus narrowed sharply to USD 2.5 billion in the third quarter of 2020, from USD 10.7 billion in the same period last year, as the goods surplus declined to USD 17.0 billion from USD 37.9 billion. Meanwhile, the services gap shrank to USD 3.1 billion from USD 11.5 billion a year ago, and the investment income deficit went down to USD 9.0 billion from USD 12.9 billion. The secondary income gap was little-changed at USD 1.8 billion. Considering the first three quarters of the year, the current account surplus narrowed to USD 24.1 billion from USD 54.1 billion in the same period of 2019. source: Central Bank of Russia
Current Account in Russia averaged 12195.12 USD Million from 1994 until 2020, reaching an all time high of 39286 USD Million in the first quarter of 2012 and a record low of -3774 USD Million in the second quarter of 1998. This page provides - Russia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Current Account in Russia is expected to be 8900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Russia to stand at 11400.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 13500.00 USD Million in 2021 and 15000.00 USD Million in 2022, according to our econometric models.