The current account gap in the United Kingdom widened to GBP 26.52 billion in the third quarter of 2018 from a downwardly revised GBP 19.95 billion in the previous quarter and compared to market expectations of a GBP 21.2 billion deficit. It was the largest current account gap since the third quarter of 2016, as all the main components contributed to the worsening current account balance. The primary income deficit rose to GBP 11.11 billion from GBP 7.47 billion in the prior period, driven by an increase in the profits generated by overseas investors on their UK foreign direct investment (FDI). Also, the goods and services shortfall advanced to GBP 8.78 billion from GBP 7.01 billion, amid a fall in the UK’s trade in services surplus. Finally, the secondary income gap increased to GBP 6.63 billion from GBP 5.48 billion in the second quarter of 2018. Current Account in the United Kingdom averaged -4536 GBP Million from 1946 until 2018, reaching an all time high of 2654 GBP Million in the first quarter of 1981 and a record low of -32163 GBP Million in the fourth quarter of 2015.

Current Account in the United Kingdom is expected to be -20400.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in the United Kingdom to stand at -24600.00 in 12 months time. In the long-term, the United Kingdom Current Account is projected to trend around -20800.00 GBP Million in 2020, according to our econometric models.

United Kingdom Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-29 08:30 AM Current Account £-18.4B £-19.2B £-24B £-20.5B
2018-06-29 08:30 AM Current Account £-17.72B £-19.54B £-18B £-21.2B
2018-09-28 08:30 AM Current Account £-20.317B £-15.7B £-19.4B £-22.7B
2018-12-21 09:30 AM Current Account £-26.5B £-20B £-21.20B £-19.8B
2019-03-29 09:30 AM Current Account £-26.5B £ -26.7B
2019-06-28 08:30 AM Current Account £ -20.4B
2019-09-30 08:30 AM Current Account £ -20.5B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -3229.00 -3615.00 2946.00 -5749.00 GBP Million [+]
Current Account -26522.00 -19954.00 2654.00 -32163.00 GBP Million [+]
Current Account to GDP -4.10 -5.80 2.60 -5.80 percent [+]
Imports 55852.00 56771.00 56917.00 1031.00 GBP Million [+]
Exports 52623.00 53156.00 53200.00 962.00 GBP Million [+]
External Debt 6301189.00 6382913.00 6428718.00 565439.00 GBP Million [+]
Capital Flows 33427.00 9872.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 8525.00 30454.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.30 310.30 588.27 310.25 Tonnes [+]
Crude Oil Production 842.00 915.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.61 5.10 5.68 4.19 [+]
Tourism Revenues 1973.00 2757.00 3014.00 126.00 GBP Million [+]
Tourist Arrivals 3055.00 3849.00 4043.00 540.00 Thousand [+]
Weapons Sales 1214.00 1365.00 6069.00 744.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



United Kingdom Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - United Kingdom Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-26522.00 -19954.00 2654.00 -32163.00 1946 - 2018 GBP Million Quarterly
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Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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