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Current account balance as a share of GDP in Russia 2017-2022

The current account balance of the Russian economy was recorded at its maximum share of GDP in 2018 at roughly seven percent. The coronavirus outbreak in the country in 2020, is projected to have significantly negative effects, thus leading to the negative the ratio for 2020 and 2021.

Annual share of current account balance in the gross domestic product (GDP) in Russia from 2017 to 2022

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Source

Release date

July 2020

Region

Russia

Survey time period

2017 to 2019

Supplementary notes

* Forecast.

A current account is the macroeconomic indicator that illustrates country's net foreign assets and encompasses trade balance, net factor income and, net cash transfers.

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