According to the Bank of Russia's preliminary estimate, the surplus in the current account of the balance of payments in 2017 made up $40.2 billion, exceeding more than 1.5 times the outcome of the preceding year. The strengthening of the trade balance with the moderate increase in the negative balance of other components of the current account has become the dominating factor. The favorable pricing conditions in commodity markets have contributed to the significant growth in the exports volume in comparison with imports.
The net private capital outflows, according to Bank of Russia's estimate, amounted to $31.3 billion (against $19.8 billion in 2016). Unlike the situation a year ago, the main factor underlying net private capital outflows has been banking sector' transactions to extinquish external liabilities. Other sectors' capital flows have been mutually balanced.
17 January 2018
Central Bank of Russia published this content on 17 January 2018 and is solely responsible for the information contained herein.
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