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. source: Central Bank of Russia

Current Account in Russia averaged 12831.54 USD Million from 1994 until 2021, reaching an all time high of 41800 USD Million in the fourth quarter of 2021 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 January of 2022.

Current Account in Russia is expected to be 25500.00 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 15000.00 USD Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Russia Current Account


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
41800.00 36901.00 41800.00 -3774.00 1994 - 2021 USD Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 01:00 PM Q3 $40.8B $18.2B $14.5B
2022-01-18 01:00 PM Q4 $41.8B $36.9B $48.8B
2022-04-11 01:00 PM Q1 $41.8B


Related Last Previous Unit Reference
Balance of Trade 21056.00 19778.00 USD Million Nov/21
Current Account 41800.00 36901.00 USD Million Dec/21
Current Account to GDP 2.40 4.00 percent of GDP Dec/20
Exports 48957.00 46579.00 USD Million Nov/21
Imports 27901.00 26801.00 USD Million Nov/21
External Debt 478.20 489.20 USD Billion Dec/21
Capital Flows 33687.74 17498.23 USD Million Sep/21
Oil Exports 32300.00 29100.00 USD Million Dec/21
Foreign Direct Investment 17070.00 6170.00 USD Million Sep/21
Remittances 740.00 628.00 USD Million Jun/21


News Stream
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
Russia Posts Record Current Account Surplus
Russia's current account surplus widened to USD 40.8 billion in the third quarter of 2021 from USD 3.9 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 rose sharply to USD 56.8 billion from USD 18.8 billion a year ago, with exports jumping 70.8 percent to USD 134.9 billion, amid higher sales of oil (81.9 percent), oil products (104.7 percent) and natural gas (152.9 percent). Imports, however, advanced at a slower 29.7 percent to USD 78.1 billion. Meanwhile, the services deficit increased to USD 4.6 billion from USD 3.6 billion; the investment income gap went up slightly to USD 9.6 billion from USD 9.5 billion and the secondary income shortfall rose to USD 1.8 billion from USD 1.6 billion. Considering the first nine months of 2021, the country's current account surplus increased to USD 82.2 billion from USD 29 billion in the same period a year earlier.
2021-10-11
Russia Current Account Surplus Widens in Q2
Russia's current account surplus widened to USD 19.9 billion in the second quarter of 2021 from USD 1.6 billion in the same period last year, a preliminary estimate showed. The goods surplus rose to USD 34 billion from USD 16.7 billion a year ago; the services deficit shrank to USD 1.3 billion from USD 1.9 billion and the secondary income deficit declined to USD 0.7 billion from USD 1.4 billion. Meanwhile, the investment income gap widened to USD 12.3 billion from USD 11.4 billion.
2021-07-09