Decline in Surplus: Balance of Payments in 2016

Monitoring of Russia's Economic Outlook. Moscow, No. 2, pp. 7-10, 2017

4 Pages Posted: 3 Apr 2017

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (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 10, 2017

Abstract

Russia’s BoP data attest to a considerable decline in the current account surplus in 2016 compared to 2015. At the same time, net capital outflows in the private sector slowed down substantially because the rate of repayment of debts and liabilities slowed down, as a result of which the ruble appreciated as at 2016 year-end.

Keywords: Russian Economy, Current Accounts Surplus, Balance of Payments

JEL Classification: F10, F13, F19

Suggested Citation

Bozhechkova, Alexandra and Knobel, Alexander and Trunin, Pavel, Decline in Surplus: Balance of Payments in 2016 (February 10, 2017). Monitoring of Russia's Economic Outlook. Moscow, No. 2, pp. 7-10, 2017. Available at SSRN: https://ssrn.com/abstract=2944583 or http://dx.doi.org/10.2139/ssrn.2944583

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (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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