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.