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Russia’s Balance of Payments 2018: Current Account Balance Hits Highest

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Deevelopment. Moscow. IEP. 2019, No. 2, pp. 6-9

4 Pages Posted: 13 Mar 2019

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: February 21, 2019

Abstract

In 2018, Russia posted the highest on record positive current account balance since 1992, 2.5 times the amount recorded in 2017, due to increase in fuel and energy exports on the back of improved terms of trade and stagnant imports led by a weakening rouble. At the same time, the private sector saw substantial capital outflows that were driven by reduced foreign liabilities and increased foreign assets for banks and enterprises.

Keywords: Russian Economy, Balance of Payments

JEL Classification: F19

Suggested Citation

Bozhechkova, Alexandra and Knobel, Alexander and Trunin, Pavel, Russia’s Balance of Payments 2018: Current Account Balance Hits Highest (February 21, 2019). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Deevelopment. Moscow. IEP. 2019, No. 2, pp. 6-9, Available at SSRN: https://ssrn.com/abstract=3339240 or http://dx.doi.org/10.2139/ssrn.3339240

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Alexander Knobel

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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