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According to the Bank of Russia’s preliminary estimate, the current account surplus of the balance of payments of the Russian Federation in January — July 2022 continued to grow and amounted to $166.6 billion, having increased by more than 3 times compared to the corresponding period of 2021.

Key Aggregates in details:

  • current account dynamics was determined by widening of surplus in the balance on goods and services as a result of significant growth in the value of exports of goods and a decline in the value of imports;
  • total deficit of other components of the current account remained at the level of the previous year;
  • the financial account surplus of the balance of payments was formed due to both decrease in liabilities to non-residents and growth in foreign financial assets.
Billions of US dollars
Aggregates January-July 2022
(estimate)
January-July 2021
Current account 166.6 50.2
Balance on goods and services 192.4 75.7
Balance on primary and secondary income -25.8 -25.6
Department responsible for publication: Statistics Department
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Last updated on: 09.08.2022