Russia recorded a Current Account surplus of 6.80 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Russia

Current Account to GDP in Russia averaged 5.12 percent of GDP from 1992 until 2021, reaching an all time high of 18 percent of GDP in 2000 and a record low of -1.40 percent of GDP in 1992. This page provides - Russia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Current Account to GDP - values, historical data and charts - was last updated on June of 2022.

Current Account to GDP in Russia is expected to reach 8.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Current Account to GDP is projected to trend around 3.00 percent of GDP in 2023 and 2.00 percent of GDP in 2024, according to our econometric models.

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Russia Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 21173.00 26720.00 USD Million Jan 2022
Current Account 58200.00 46563.00 USD Million Mar 2022
Current Account to GDP 6.80 2.40 percent of GDP Dec 2021
Exports 45927.00 57396.00 USD Million Jan 2022
Imports 24754.00 30676.00 USD Million Jan 2022
External Debt 453.50 478.20 USD Billion Mar 2022
Capital Flows 58000.00 48221.47 USD Million Mar 2022
Remittances 610.00 600.00 USD Million Dec 2021
Oil Exports 32300.00 29100.00 USD Million Dec 2021
Foreign Direct Investment 12433.00 16046.00 USD Million Dec 2021

Russia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 2.40 18.00 -1.40 1992 - 2021 percent of GDP Yearly