United Kingdom Current Account  1946-2017 | Data | Chart | Calendar

The United Kingdom current account deficit increased to GBP 23.2 billion in the second quarter of 2017 (4.6 percent of the GDP) from an upwardly revised GBP 22.3 billion gap in the previous period (4.4 percent of the GDP), well above market expectations of a GBP 16.3 billion deficit. It is the highest shortfall since the third quarter of 2016 as the primary income gap widened to GBP 10.2 billion from GBP 8.8 billion due to foreign earnings on direct investment and portfolio investment in the UK increasing more than UK earnings on direct investment and portfolio investment abroad. There was also a widening in the deficit on secondary income to GBP 6.5 billion from GBP 4.6 billion due to increased payments by general government. On the other hand, the total trade deficit narrowed to GBP 6.5 billion from GBP 8.9 billion, primarily due to higher exports of chemicals and oil. Current Account in the United Kingdom averaged -4556.58 GBP Million from 1946 until 2017, reaching an all time high of 2657 GBP Million in the first quarter of 1981 and a record low of -33681 GBP Million in the fourth quarter of 2015.

United Kingdom Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-03-31 08:30 AM Current Account £-12.1B £-25.7B £-16B £ -24.5B
2017-06-30 08:30 AM Current Account £-16.9B £-12.1B £ -17.3B £ -18.7B
2017-09-29 08:30 AM Current Account £-23.2B £-22.256B £-16B £-22.3B
2017-12-22 09:30 AM Current Account £-23.2B £ -27.2B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -2754.00 -3455.00 2946.00 -6345.00 GBP Million [+]
Exports 51581.00 50487.00 51581.00 962.00 GBP Million [+]
Imports 54335.00 53942.00 54442.00 1031.00 GBP Million [+]
Current Account -23182.00 -22256.00 2657.00 -33681.00 GBP Million [+]
Current Account to GDP -4.40 -4.30 2.60 -4.70 percent [+]
External Debt 6138780.00 6046609.00 6428718.00 565439.00 GBP Million [+]
Terms of Trade 101.60 101.60 107.60 80.10 Index Points [+]
Capital Flows 11099.00 16416.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 7430.00 13118.00 89855.00 -44536.00 GBP Million [+]
Gold Reserves 310.29 310.29 588.27 310.25 Tonnes [+]
Crude Oil Production 941.00 931.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.08 5.61 5.68 4.19 [+]
Tourism Revenues 2800.00 2750.00 2800.00 126.00 GBP Million [+]
Tourist Arrivals 3940.00 4020.00 4020.00 540.00 Thousand [+]
Weapons Sales 1393.00 1139.00 6069.00 744.00 USD Million [+]

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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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-23182.00 -22256.00 2657.00 -33681.00 1946 - 2017 GBP Million Quarterly




current account by Country
Country Last
Australia -9562.00 Jun/17
Brazil 434.00 Sep/17
Canada -16319.00 Jun/17
China 371.00 Sep/17
Euro Area 41.81 Sep/17
France -3090.00 Sep/17
Germany 25400.00 Sep/17
India -14300.00 Jun/17
Indonesia -4336.80 Sep/17
Italy 4307.00 Sep/17
Japan 2271.20 Sep/17
Mexico -321.10 Jun/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 12205.00 Sep/17
Spain 2618.00 Aug/17
Switzerland 18748.00 Jun/17
Turkey -4527.00 Sep/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17