Russia recorded a Current Account surplus of 10.30 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in Russia averaged 5.29 percent of GDP from 1992 until 2022, reaching an all time high of 18.00 percent of GDP in 2000 and a record low of -1.40 percent of GDP in 1992. source: Central Bank of Russia

Current Account to GDP in Russia is expected to reach 4.10 percent of GDP by the end of 2024, 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 3.50 percent of GDP in 2025 and 3.20 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Balance of Trade 7650.00 6759.00 USD Million Feb 2024
Capital Flows 11701.03 12700.00 USD Million Dec 2023
Current Account 22000.00 11500.00 USD Million Mar 2024
Current Account to GDP 10.30 6.80 percent of GDP Dec 2022
Exports 30272.00 28042.00 USD Million Feb 2024
External Debt 316.80 322.30 USD Billion Dec 2023
Foreign Direct Investment -44319.00 -30796.00 USD Million Sep 2023
Imports 22621.00 21283.00 USD Million Feb 2024

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
10.30 6.80 18.00 -1.40 1992 - 2022 percent of GDP Yearly