Current account balance as a proportion of GDP (%) in Russian Federation
Russian Federation: Current account balance as a proportion of GDP (%) was 2.9% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Russian Federation, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Russian Federation recorded 2.9% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is up 22.2% on the previous year and up 4.4% over ten years.
Over the whole period, current account balance as a proportion of gdp in Russian Federation peaked at 17.5% in 2000 and was at its lowest, 1.5%, in 2013.
That places Russian Federation 57th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Russian Federation, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 17.5% | — |
| 2001 | 10.5% | -40.2% |
| 2002 | 8.0% | -23.9% |
| 2003 | 7.7% | -3.2% |
| 2004 | 9.9% | +28.7% |
| 2005 | 11.0% | +11.5% |
| 2006 | 9.3% | -15.6% |
| 2007 | 5.6% | -40.4% |
| 2008 | 6.3% | +12.7% |
| 2009 | 4.1% | -34.2% |
| 2010 | 4.4% | +7.3% |
| 2011 | 4.8% | +7.5% |
| 2012 | 3.2% | -32.1% |
| 2013 | 1.5% | -54.8% |
| 2014 | 2.8% | +91.5% |
| 2015 | 5.0% | +78.0% |
| 2016 | 1.9% | -61.4% |
| 2017 | 2.0% | +6.7% |
| 2018 | 7.0% | +241.5% |
| 2019 | 3.9% | -44.5% |
| 2020 | 2.4% | -38.9% |
| 2021 | 6.8% | +188.3% |
| 2022 | 10.4% | +51.9% |
| 2023 | 2.4% | -77.0% |
| 2024 | 2.9% | +22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.0% | 4.1% | 17.5% | 10 |
| 2010s | 3.6% | 1.5% | 7.0% | 10 |
| 2020s | 5.0% | 2.4% | 10.4% | 5 |
Countries ranked near Russian Federation
More economy & growth data for Russian Federation
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 9.28 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -0.1729 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 8.22 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -1.14 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 4.16 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.34 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.34 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 14.71 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 4.8 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 6 % change on previous year (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Russian Federation?
- Current account balance as a proportion of gdp in Russian Federation was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Russian Federation?
- The highest recorded value was 17.5% in 2000.
- What is the lowest current account balance as a proportion of gdp recorded in Russian Federation?
- The lowest recorded value was 1.5% in 2013.
- How does Russian Federation rank for current account balance as a proportion of gdp?
- Russian Federation ranks 57th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Russian Federation?
- Over the last ten years it is up 4.4%. The long-run trend across the full record is volatile.
- Where does this Russian Federation data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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