Balance of Payments: Results of 2021

Платежный баланс: итоги 2021 г

Alexandra Bozhechkova, Alexander Knobel and Pavel Trunin

Russian Economic Development, 2022, issue 1, 4-8

Abstract: In 2021, according to preliminary estimates, the current account balance was more than three times higher than the previous year. In particular, the positive balance of Russia’s trade balance has increased significantly and hit record values due to the outstripping growth in the value of exports compared to imports. The net outflow of private sector capital in 2021 also went up, but to a lesser extent than could be expected based on the growth of geopolitical risks.

Keywords: balance of payments; export; import; current account transaction; ruble exchange rate; outflow/inflow of capital; Bank of Russia (search for similar items in EconPapers)
JEL-codes: E44 E58 F21 F31 F32 (search for similar items in EconPapers)
Date: 2022
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