Académique Documents
Professionnel Documents
Culture Documents
Assignment 2
0|Page
Frequency
2006
2007
84,389
104,560
268,869
-164,310
116,185
240,024
-123,839
-11,625
28,845
-40,471
-18,526
17,481
-36,007
-12,387
92,316
123,740
333,200
-209,460
134,294
297,481
-163,187
-10,555
35,719
-46,273
-28,803
29,770
-58,574
291
72,193
106,729
390,391
-283,661
123,447
346,530
-223,084
-16,718
43,860
-60,578
-28,829
45,584
-74,412
-10,641
103,935
157,206
523,434
-366,228
177,625
466,298
-288,673
-20,420
57,136
-77,555
-46,482
61,820
-108,302
-104
50,384
95,630
342,951
-247,321
113,231
297,155
-183,924
-17,600
45,797
-63,397
-39,739
33,399
-73,139
-12,466
67,452
120,875
441,833
-320,958
146,995
392,674
-245,680
-26,120
49,159
-75,279
-47,105
38,064
-85,168
-41
97,274
163,398
573,448
-410,050
196,854
515,409
-318,555
-33,456
58,039
-91,495
-60,399
42,687
-103,086
130
72,016
145,810
590,345
-444,536
192,296
528,005
-335,709
-46,487
62,340
-108,827
-67,661
47,758
-115,419
-5,218
Gross acquisitions /
disposals of nonproduced
nonfinancial assets
Capital transfers
Received
Paid
-57
-12,331
95
-12,426
-35
325
345
-19
-57
-10,583
144
-10,727
-309
205
208
-3
-244
-12,222
391
-12,613
24
-65
143
-208
38
92
166
-75
-402
-4,816
361
-5,177
72,001
-66,997
-2,372
92,606
-103,854
7,602
61,552
-51,820
11,072
103,832
-100,780
19,120
37,917
-31,524
-6,697
67,411
-58,275
-9,448
97,404
-88,748
-11,767
66,798
-56,528
1,765
Net acquisition of
financial assets
-17,880
-29,993
-44,801
-55,663
-43,281
-52,616
-66,851
-48,822
Net incurrence of
liabilities
Portfolio investment
15,508
-11,443
37,595
16,486
55,874
4,857
74,783
-35,691
36,583
-1,882
43,168
-1,495
55,084
-15,277
50,588
17,031
Net acquisition of
financial assets
-10,666
6,276
-10,536
-7,774
-10,599
-3,444
-9,837
-2,281
-776
-233
10,210
-99
15,393
332
-27,916
-1,370
8,716
-3,244
1,948
-1,841
-5,440
-1,394
19,312
-1,356
Net acquisition of
financial assets
858
1,242
2,762
9,117
9,890
8,840
16,438
16,696
Net incurrence of
liabilities
Other investment
-1,091
8,511
-1,342
-20,376
-2,430
80,847
-10,487
-121,765
-13,134
-16,323
-10,682
-8,739
-17,832
-47,679
-18,052
-43,952
Net acquisition of
financial assets
Other equity
-34,005
-31
-50,995
-225
-59,930
-66
-185,863
-666
9,245
-38
-19,232
-311
-83,365
-1,255
-84,539
-226
Time
Current account
Goods and services
Exports
Imports
Goods
Exports
Imports
Services
Exports
Imports
Primary income
Receivable
Payable
Capital account
Net incurrence of
liabilities
Financial derivatives
1|Page
2005
2008
2009
2010
2011
2012
Foreign currency
-1,339
9,595
15,831
-29,397
6,652
14,989
3,433
-2,207
Current accounts
and deposits
Loans
-12,724
13,306
-16,514
-21,404
-13,803
-25,110
-54,988
-40,015
8,161
15,649
2,884
-9,168
-21,223
-23,912
-15,686
-14,019
-6
-8
-10
-312
-183
-373
-297
-339
-7,645
-616
-804
-8,129
5,947
-769
-3,455
-8,474
1,893
75
-282
18
-1,829
-887
-1,652
-1,928
-27,535
-21,302
-34,497
-50,635
-24,559
-25,904
-33,263
-38,816
73
-596
-1,189
-1,739
-554
307
-1,741
-2,844
Net incurrence of
liabilities
Other equity
Domestic currency
42,516
0
129
30,619
0
322
140,777
0
934
64,099
0
1,528
-25,568
0
727
10,493
0
22
35,686
0
-262
40,587
15
928
Current accounts
and deposits
Loans
17,300
24,733
47,069
-17,477
51,714
86,864
11,808
49,120
-37,739
2,854
19,509
-9,912
20,493
14,293
28,738
8,787
-88
27
64
262
138
626
53
262
514
353
701
1,261
1,731
-950
755
641
1,469
0
-61,461
-5,004
0
-107,466
11,248
0
-148,928
-9,733
0
38,925
-3,051
8,887
-3,377
-6,394
2
-36,751
-9,136
-3
-12,630
-8,655
-2
-30,017
-10,270
591,000
764,000
989,900
1,660,900
1,222,700
1,524,900
1,899,100
Insurance, pension,
and standardized
guarantee schemes
Trade credit and
advances
Indebtedness on
supplies according to
intergovernmental
agreements
Fictitious
transactions**
Other accounts
receivable
Insurance, pension,
and standardized
guarantee schemes
Trade credit and
advances
Other accounts
payable
Special drawing
rights
Reserve assets
Net errors and omissions
GDP
1,299,700
After Reviewing the Russian Balance of Payment (BOP) over the past 8 years, we can give some figures
with recommendations.
2|Page
GDP
From the numbers shown below we can estimate that Russia has a growing economy which encourage
investors to trade in.
GDP
2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
1,000,000
GDP
800,000
600,000
400,000
200,000
2005
2006
2007
2008
2009
2010
2011
2012
Current Account
120,000
100,000
80,000
60,000
Current Account
40,000
20,000
0
2005
3|Page
2006
2007
2008
2009
2010
2011
2012
100,000
Services
50,000
Income
0
2005
2006
2007
2008
2009
2010
2011
2012
-50,000
-100,000
From the Above figures we can see that the strong point of the Russian economy is exporting goods, while they
have a deficit in the balance of services.
So I recommend starting exporting services to Russia as they importing value increases by time.
Capital Account
Capital Account
2,000
0
-2,000
2005
2006
2007
2008
2009
2010
2011
2012
-4,000
-6,000
-8,000
-10,000
-12,000
-14,000
4|Page
Series1
Financial Account
From the figures below we can easily see that the financial Russian balance is not reliable and not recommend
investing our money in it.
Financial Account
0
2005
2006
2007
2008
2009
2010
2011
2012
-20,000
-40,000
-60,000
Series1
-80,000
-100,000
-120,000
20,000
10,000
0
2005
-10,000
-20,000
-30,000
-40,000
5|Page
2006
2007
2008
2009
2010
2011
2012
FDI
Investment Portfolio