Russia posted a current account surplus of USD 26.4 billion in the three months to September of 2018 compared to a USD 3.2 billion deficit in the same period of the previous year, a preliminary estimate showed. The goods surplus increased to USD 46.7 billion from USD 20.7 billion a year ago and the services gap narrowed to USD 8.6 billion from USD 9.9 billion. Additionally, the investment income deficit declined to USD 9 billion from USD 10.9 billion and the secondary income gap went down to USD 2.4 billion from USD 2.7 billion in the third quarter of 2017. In the January to September period, the current account surplus widened sharply to USD 75.8 billion from USD 19.7 billion in the corresponding period of 2017. Current Account in Russia averaged 11885.58 USD Million from 1994 until 2018, reaching an all time high of 39286 USD Million in the first quarter of 2012 and a record low of -3774 USD Million in the second quarter of 1998.
Current Account in Russia is expected to be 15200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Russia to stand at 11700.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 16000.00 USD Million in 2020, according to our econometric models.