Russia recorded a Current Account surplus of 2.40 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Russia

Current Account to GDP in Russia averaged 5.07 percent of GDP from 1992 until 2020, reaching an all time high of 18 percent of GDP in 2000 and a record low of -1.40 percent of GDP in 1992. This page provides - Russia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Current Account to GDP - values, historical data and charts - was last updated on December of 2021.

Current Account to GDP in Russia is expected to reach 3.80 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Current Account to GDP is projected to trend around 3.10 percent of GDP in 2022, according to our econometric models.

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Russia Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 20001.00 17113.00 USD Million Sep/21
Current Account 40800.00 18168.00 USD Million Sep/21
Current Account to GDP 2.40 4.00 percent of GDP Dec/20
Exports 45580.00 43156.00 USD Million Sep/21
Imports 25579.00 26043.00 USD Million Sep/21
External Debt 489.20 471.40 USD Billion Sep/21
Capital Flows 17553.37 24892.00 USD Million Jun/21
Oil Exports 29100.00 24500.00 USD Million Sep/21
Remittances 740.00 628.00 USD Million Jun/21
Foreign Direct Investment 5531.00 5464.00 USD Million Jun/21
Russia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.