Russia's current account surplus narrowed to USD 16.3 billion in the fourth quarter of 2019 from USD 38.4 billion in the same period of 2018, a preliminary estimate showed. The goods surplus decreased to USD 39.1 billion from USD 57.2 billion and the services deficit rose to USD 8.5 billion from USD 6.9 billion. In addition, the investment income gap rose to USD 8.6 billion from USD 8.0 billion and the secondary income deficit went up to USD 4.4 billion from USD 2.9 billion. Considering 2019 full year, the current account surplus narrowed sharply to USD 70.6 billion from USD 113.5 billion in 2018.
Current Account in Russia averaged 12346.79 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. This page provides - Russia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Russia
Current Account in Russia is expected to be 26500.00 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 19800.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 18200.00 USD Million in 2020, according to our econometric models.