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
Date Written: February 21, 2019
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
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