Russia's current account surplus narrowed to USD 5.5 billion in the fourth quarter of 2020, from USD 10.9 billion in the same period last year, a preliminary estimate showed. The goods surplus fell sharply to USD 21.5 billion from USD 41.0 billion a year ago as exports tumbled 18.8 percent and imports declined 2.5 percent. Meanwhile, the services deficit shrank to USD 5.4 billion from USD 10.0 billion, the investment income gap was down to USD 8.1 billion from USD 14.0 billion, and the secondary income deficit dropped to USD 2.3 billion from USD 4.9 billion. Considering 2020 full year, the current account surplus narrowed to USD 32.5 billion from USD 64.8 billion in 2019. source: Central Bank of Russia
Current Account in Russia averaged 12155.01 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 March of 2021.
Current Account in Russia is expected to be 22300.00 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 13500.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 15000.00 USD Million in 2022, according to our econometric models.