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. source: Central Bank of Russia

Current Account in Russia averaged 13835.73 USD Million from 1994 until 2022, reaching an all time high of 70100 USD Million in the second quarter of 2022 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 October of 2022.

Current Account in Russia is expected to be 68000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Current Account is projected to trend around 45000.00 USD Million in 2023 and 35000.00 USD Million in 2024, according to our econometric models.

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Russia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-04-11 01:00 PM Q1 $58.2B $46.6B $38B
2022-07-11 01:00 PM Q2 $70.1B $68.4B
2022-10-11 01:00 PM Q3 $70.1B $68B


Related Last Previous Unit Reference
Balance of Trade 21173.00 26720.00 USD Million Jan 2022
Current Account 70100.00 68384.00 USD Million Jun 2022
Current Account to GDP 6.80 2.40 percent of GDP Dec 2021
Exports 45927.00 57396.00 USD Million Jan 2022
Imports 24754.00 30676.00 USD Million Jan 2022
External Debt 472.80 453.50 USD Billion Jun 2022
Capital Flows 79659.84 58000.00 USD Million Jun 2022
Remittances 610.00 600.00 USD Million Dec 2021
Foreign Direct Investment 12433.00 16046.00 USD Million Dec 2021
Oil Exports 32300.00 29100.00 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
70100.00 68384.00 70100.00 -3774.00 1994 - 2022 USD Million Quarterly
Current Prices, NSA

News Stream
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
Russia Posts Record Current Account Surplus in Q1
Russia’s current account surplus widened to USD 58.2 billion in Q1 of 2022 from USD 22.5 billion in the same period last year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, as the goods and services account widened to USD 66.3 billion from USD 25.8 billion a year ago, with exports jumping 50 percent and imports rising at a slower 14 percent. On the other hand, the aggregated primary and secondary income accounts recorded a deficit of USD 8.1 billion, widening from the USD 3.3 billion gap the prior year, as payables increased by 55 percent and receivables rose at a softer 36 percent.
2022-04-11
Russia Posts Record Current Account Surplus in Q4
Russia's current account surplus widened to USD 41.8 billion in the Q4 of 2021 from USD 7 billion in the same period last year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, as the goods surplus jumped to USD 63.4 billion from USD 25 billion a year ago, with exports jumping 57.2% to USD 148.7 billion, boosted by sales of oil (86.7%), oil products (74.5%) and natural gas (131.1%). Imports, however, advanced at a slower 22.4% to USD 85.3 billion. Meanwhile, the services gap went up to USD 7.4 billion from USD 5.2 billion in Q4 2020 and the primary income shortfall increased to USD 13 billion from USD 11.5 billion. The secondary income deficit fell slightly to USD 1.2 billion from 1.5 billion a year ago. In 2021, Russia posted a record current account surplus of USD 120.3 billion, determined by the twofold widening of trade balance surplus to USD 185.9 billion.
2022-01-18