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. source: Central Bank of Russia

Current Account in Russia averaged 12604.28 USD Million from 1994 until 2021, reaching an all time high of 40800 USD Million in the third 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 October of 2021.

Current Account in Russia is expected to be 19500.00 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 15700.00 USD Million in 2022 and 15000.00 USD Million in 2023, according to our econometric models.

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Russia Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-01-19 01:00 PM Q4 $5.5B $3.2B $10.2B
2021-04-09 01:00 PM Q1 $16.8B $6.1B $15.1B
2021-07-09 01:00 PM Q2 $19.9B $23.2B $10.5B
2021-10-11 01:00 PM Q3 $40.8B $18.2B $14.5B


News Stream
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
Russia Current Account Surplus Shrinks in Q1
Russia's current account surplus narrowed to USD 16.8 billion in the first quarter of 2021 from USD 23 billion in the corresponding period of the previous year, preliminary estimates showed. The goods surplus fell to USD 24.4 billion from USD 33.1 billion; the investment gap widened to USD 3.7 billion from USD 1.7 billion and the secondary income shortfall rose to USD 1.5 billion from USD 1.2 billion. Meantime, the services gap shrank to USD 2.6 billion from USD 6.6 billion.
2021-04-09
Russia Current Account Surplus Narrows in Q4
Russia's current account surplus narrowed to USD 5.5 billion in the fourth quarter of 2020, from USD 10.9 billion in the same period last year, a preliminary estimate showed. The goods surplus fell sharply to USD 21.5 billion from USD 41.0 billion a year ago as exports tumbled 18.8 percent and imports declined 2.5 percent. Meanwhile, the services deficit shrank to USD 5.4 billion from USD 10.0 billion, the investment income gap was down to USD 8.1 billion from USD 14.0 billion, and the secondary income deficit dropped to USD 2.3 billion from USD 4.9 billion. Considering 2020 full year, the current account surplus narrowed to USD 32.5 billion from USD 64.8 billion in 2019.
2021-01-19

Russia Last Unit Reference Previous Highest Lowest
Balance of Trade 17113.00 USD Million Aug/21 23191.00 23191.00 -203.00
Current Account 40800.00 USD Million Sep/21 18168.00 40800.00 -3774.00
Current Account to GDP 2.40 percent of GDP Dec/20 4.00 18.00 -1.40
Exports 43156.00 USD Million Aug/21 47504.00 50248.00 4100.00
Imports 26043.00 USD Million Aug/21 26288.00 32481.00 2525.00
External Debt 489.20 USD Billion Sep/21 471.40 732.80 151.30
Capital Flows 17553.37 USD Million Jun/21 24892.00 32995.00 -47790.00
Oil Exports 29100.00 USD Million Sep/21 24500.00 49413.00 5303.00
Remittances 631.00 USD Million Mar/21 714.00 714.00 44.00
Foreign Direct Investment 4987.00 USD Million Mar/21 4410.00 40140.00 -3922.00


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).