Russia’s current account surplus rose to USD 32.8 billion in the first quarter of 2019 from USD 30.0 billion in the corresponding period of 2018, a preliminary estimate showed. The goods surplus went up to USD 45.3 billion from USD 44.2 billion a year ago while the services gap edged up to USD 6.6 billion from USD 6.5 billion. In addition, the investment income deficit fell to USD 3.5 billion from USD 4.4 billion and the secondary income shortfall declined to USD 1.9 billion from USD 2.6 billion. Current Account in Russia averaged 12350.01 USD Million from 1994 until 2019, 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.
Current Account in Russia is expected to be 25100.00 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 38400.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 38000.00 USD Million in 2020, according to our econometric models.