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
Date Written: February 10, 2017
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: Suggested Citation