UK Q3 Current Account Gap Smallest in One Year

2025-12-22 07:15 By Chusnul Chotimah 1 min. read

The UK’s current account deficit narrowed to £12.1 billion (1.6% of GDP) in Q3 2025, down from a downwardly revised £21.2 billion in Q2 and well below expectations of a £21.3 billion shortfall.

This marked the smallest deficit since Q3 2024, driven primarily by a sharp improvement in the primary income balance.

The primary income deficit narrowed significantly to £1.9 billion from £8.4 billion, as credits rose by £5.5 billion while payments to foreign investors declined by £1.1 billion.

Additionally, the goods trade deficit narrowed to £58.9 billion from £60.0 billion.

Meanwhile, the services surplus increased to £52.8 billion from £51.3 billion.

On the other hand, the secondary income deficit widened slightly, increasing by £0.1 billion to £4.1 billion (0.5% of GDP), up from £4.0 billion (0.5% of GDP) in Q2.



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