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.