Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Russia
RUSB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
-2.86%
Date Range
1/1/2003 - 7/1/2021
Summary
The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Russia measures Russia's net international trade and investment position. It is a key indicator of Russia's economic performance and global competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance tracks Russia's net exports, income from foreign investments, and unilateral transfers. It reflects Russia's overall financial position and trade relationships with the rest of the world. Economists and policymakers closely monitor this metric to assess Russia's economic health and external stability.
Methodology
The data is collected and calculated by the Central Bank of Russia based on international statistical standards.
Historical Context
The current account balance is used to inform Russian economic and trade policies, as well as global market analysis of the Russian economy.
Key Facts
- Russia has run a current account surplus since the early 2000s.
- The current account balance is a key determinant of the ruble exchange rate.
- Fluctuations in the current account reflect changes in Russia's energy exports and global commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Russia measures the difference between Russia's international receipts and payments, including trade, services, income, and unilateral transfers.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a critical indicator of Russia's economic performance, trade competitiveness, and global financial position. It informs policymakers, investors, and analysts on Russia's external stability and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Russia according to international statistical standards for balance of payments accounting.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by Russian policymakers to assess the country's trade relationships, competitiveness, and global financial standing. It influences decisions on exchange rate, trade, and other economic policies.
Q: Are there update delays or limitations?
A: The current account data is published quarterly by the Central Bank of Russia with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Russia (RUSB6BLTT02STSAQ), retrieved from FRED.