Russia’s current account surplus narrowed to USD 31.4 billion in Q4 of 2022 from USD 35.5 billion in the corresponding period of the previous year, according to preliminary estimates. It was a sharp decline from the record high USD 76.7 billion in Q2 of the year, as the EU’s oil embargo, the G7’s price cap on oil export services, and Moscow’s halt of natural gas exports to Europe suppressed the goods exports. Meanwhile, sweeping sanctions from the West kept imports below pre-invasion levels. Still, the surplus hit a record high of USD 227.4 billion in 2022, up 86% from 2021 as imports fell and export revenues remained strong on higher oil and gas prices despite Western efforts to isolate the Russian economy. source: Central Bank of Russia

Current Account in Russia averaged 14363.19 USD Million from 1994 until 2022, reaching an all time high of 78473.00 USD Million in the second quarter of 2022 and a record low of -3774.00 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 February of 2023.

Current Account in Russia is expected to be 25000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Russia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-10-11 01:00 PM Q3 $51.9B $76.7B $68B
2023-01-17 01:00 PM Q4 $31.4B $48B $ 62B
2023-04-11 01:00 PM Q1 $ 25.0B


Related Last Previous Unit Reference
Balance of Trade 21173.00 27294.00 USD Million Jan 2022
Current Account 31400.00 48044.00 USD Million Dec 2022
Current Account to GDP 6.80 2.40 percent of GDP Dec 2021
Exports 45927.00 58063.00 USD Million Jan 2022
Imports 24754.00 30769.00 USD Million Jan 2022
External Debt 381.80 436.80 USD Billion Dec 2022
Capital Flows 45763.27 79659.84 USD Million Sep 2022
Remittances 610.00 600.00 USD Million Dec 2021
Foreign Direct Investment 13120.00 15992.00 USD Million Dec 2021
Oil Exports 32794.00 30245.00 USD Million Dec 2021

Russia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
31400.00 48044.00 78473.00 -3774.00 1994 - 2022 USD Million Quarterly
Current Prices, NSA

News Stream
Russian Current Account Narrows Sharply in Q4
Russia’s current account surplus narrowed to USD 31.4 billion in Q4 of 2022 from USD 35.5 billion in the corresponding period of the previous year, according to preliminary estimates. It was a sharp decline from the record high USD 76.7 billion in Q2 of the year, as the EU’s oil embargo, the G7’s price cap on oil export services, and Moscow’s halt of natural gas exports to Europe suppressed the goods exports. Meanwhile, sweeping sanctions from the West kept imports below pre-invasion levels. Still, the surplus hit a record high of USD 227.4 billion in 2022, up 86% from 2021 as imports fell and export revenues remained strong on higher oil and gas prices despite Western efforts to isolate the Russian economy.
2023-01-17
Russia Current Account Widens in Q3
Russia’s current account surplus widened to USD 51.9 billion in the third quarter of 2022 from USD 47 billion in the corresponding period of the previous year, according to a preliminary estimate. While remaining high in historical standards, the surplus was a sharp decrease from the upwardly revised record-high from the previous quarter, as Moscow’s halt of natural gas supplies and the EU’s unwillingness to purchase Russian oil suppressed the goods surplus. Still, sweeping sanctions from the West on Moscow kept imports well below pre-invasion levels. The goods and services aggregate surplus rose to USD 68.4 billion from USD 47.4 billion in the prior year in the third quarter, but narrowed sharply from the USD 90.3 billion from the second quarter.
2022-10-11
Russia Posts Record Current Account Surplus in Q2
Russia’s current account surplus widened significantly to USD 70.1 billion in the second quarter of 2022 from USD 17.3 billion in the corresponding period of the previous year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, supported by Russia’s heavyweight commodity exports while sweeping sanctions lowered the amount of purchases the Russian economy took in. The goods and services aggregate surplus surged to USD 80.7 billion from USD 34.8 billion a year ago. At the same time, the primary and secondary income gap narrowed to USD 10.6 billion from USD 17.5 billion.
2022-07-11