Russia’s current account surplus narrowed sharply to USD 0.6 billion in the second quarter of 2020 from USD 9.9 billion in the corresponding period of the previous year, a preliminary estimate showed. The goods surplus shrank to USD 14.3 billion from USD 39.4 billion a year earlier and the secondary income deficit widened to USD 1.3 billion from USD 0.9 billion. Meantime, the services gap fell to USD 2.1 billion from USD 9 billion and the investment income shortfall decreased to USD 10.2 billion from USD 19 billion.
Current Account in Russia averaged 12293.44 USD Million from 1994 until 2020, 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. 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 July of 2020. source: Central Bank of Russia
Current Account in Russia is expected to be 9000.00 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 14500.00 in 12 months time. In the long-term, the Russia Current Account is projected to trend around 13500.00 USD Million in 2021 and 15000.00 USD Million in 2022, according to our econometric models.