Current account balance as a share of GDP in Russian Federation
Russian Federation: Current account balance as a share of GDP was 2.9% in 2024. ◆ Volatile
Current account balance as a share of GDP in Russian Federation, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Russian Federation stood at 2.9%.
The figure is up 22.3% on the previous year and up 4.3% over ten years.
Over the whole period, current account balance as a share of gdp in Russian Federation peaked at 17.5% in 2000 and was at its lowest, 1.5%, in 2013.
That places Russian Federation 54th out of 193 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 share of GDP in Russian Federation, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 17.5% | — |
| 2001 | 10.4% | -40.2% |
| 2002 | 8.0% | -23.9% |
| 2003 | 7.7% | -3.1% |
| 2004 | 9.9% | +28.7% |
| 2005 | 11.1% | +11.5% |
| 2006 | 9.3% | -15.6% |
| 2007 | 5.5% | -40.5% |
| 2008 | 6.3% | +12.8% |
| 2009 | 4.1% | -34.2% |
| 2010 | 4.4% | +7.3% |
| 2011 | 4.8% | +7.5% |
| 2012 | 3.2% | -32.0% |
| 2013 | 1.5% | -54.8% |
| 2014 | 2.8% | +91.1% |
| 2015 | 5.0% | +78.1% |
| 2016 | 1.9% | -61.4% |
| 2017 | 2.0% | +6.3% |
| 2018 | 7.0% | +242.2% |
| 2019 | 3.9% | -44.4% |
| 2020 | 2.4% | -38.9% |
| 2021 | 6.8% | +188.2% |
| 2022 | 10.4% | +51.8% |
| 2023 | 2.4% | -77.0% |
| 2024 | 2.9% | +22.3% |
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.1366 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,437 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 11.42 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 203,878 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0939 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,675 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 98,310 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 10.74 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Russian Federation?
- Current account balance as a share of gdp in Russian Federation was 2.9% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Russian Federation?
- The highest recorded value was 17.5% in 2000.
- What is the lowest current account balance as a share 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 share of gdp?
- Russian Federation ranks 54th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Russian Federation?
- Over the last ten years it is up 4.3%. The long-run trend across the full record is volatile.
- Where does this Russian Federation data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).