Financial Sector Overview
Bank of Russia RUSSIAN MACRO UPDATE
The Central Bank of the Russian Federation
ECONOMIC FORECASTS (2)
Medium-term outlook for the Russian economy
Russia's balance of payments indicators¹
19
2018
BASELINE
(billions of US dollars)
(actual)
2019
2020
2021
2019
HIGH OIL PRICES
2020
2021
Current account
Balance of trade
Exports
114
98
72
50 106
112 103
194
184
160
139
190
203
199
443
434
424
415
443
475
493
Imports
249
250
264
276
253
272
294
Balance of services
-30
-33
-37
-37
-31
-35
-40
Exports
55
65
62
62
63
99
66
99
66
70
73
Imports
95
95
100
103
97
105
113
Balance of primary and secondary income
-51
-53
-51
-52
Current and capital account balance
113
98
72
50
Financial account (excluding reserve assets)
77
32
16
267
-53
-56 -56
106
112
103
32
☐ 29
24
Government and the central bank
9
-18
-6
-6
-18
-6
-6
Private sector
68
89
50
22
13
50
35
30
Net errors and omissions
3
0
0
0
0
0
0
Change in reserve assets ('+' - increase,
38
66
56
43
74
83
79
decrease)
1 Using the methodology of the 6th edition of "Balance of Payments and International Investment Position Manual" (BPM6). In the Financial account "+" stands for net
lending, ""-for net borrowing. Due to rounding total results may differ from the sum of respective values.
Source: Bank of RussiaView entire presentation