United Kingdom Crude Oil Production  Forecast 2016-2020

Crude Oil Production in the United Kingdom is expected to be 950.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in the United Kingdom to stand at 950.00 in 12 months time. In the long-term, the United Kingdom Crude Oil Production is projected to trend around 880.00 BBL/D/1K in 2020, according to our econometric models.

United Kingdom Crude Oil Production
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Crude Oil Production 944 950 950 950 950 880 BBL/D/1K
United Kingdom Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United Kingdom Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United Kingdom Crude Oil Production - was last predicted on Friday, June 23, 2017.
United Kingdom Trade Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -2050 -5200 -1100 -2100 -3800 -1000
Exports 49816 43100 43000 42700 43300 43700
Imports 51866 48300 44100 44800 47100 44700
Current Account -12088 -17770 -19320 -27230 -21210 -22840
Current Account to GDP -4.4 -4 -4 -4 -3.7 -1.5
External Debt 6085392 6254900 6297400 6345500 6372200 6811100
Terms of Trade 99.9 97.5 96.4 97.5 100 100
Capital Flows 51392 11700 17800 42100 12100 36900
Foreign Direct Investment 110946 -9000 -500 14900 44100 15900
Gold Reserves 310 310 310 310 310 310
Crude Oil Production 944 950 950 950 950 880
Terrorism Index 5.08 5.08 5.08 5.08 5.08 5.08
Tourism Revenues 2020 2150 2460 2080 1400 2490
Tourist Arrivals 3720 3410 3290 2760 2680 2990
Weapons Sales 1393 1192 1181 1170 1195 1273