The current account gap in the United Kingdom widened to GBP 20.3 billion in the second quarter of 2018 from a downwardly revised GBP 15.7 billion in the previous quarter and compared to market expectations of a GBP 19.4 billion deficit. It was the largest current account gap since the second quarter of 2017. The goods deficit increased by GBP 2.7 billion to GBP 34.7 billion, the largest increase since the third quarter of 2016, driven by movements in erratics, which include aircraft and non-monetary gold, and an increase in the price of oil. Also, the services surplus narrowed by GBP 0.2 billion to GBP 28.6 billion and the primary income deficit rose by GBP 2.1 billion to GBP 8.8 billion, mainly due to payments on investment income rising more than receipts. Current Account in the United Kingdom averaged -4475.15 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 -26700.00 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 -17700.00 in 12 months time. In the long-term, the United Kingdom Current Account is projected to trend around -22800.00 GBP Million in 2020, according to our econometric models.

United Kingdom Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-22 09:30 AM Current Account £-22.8B £-25.8B £-21.2B £-17.2B
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 £-20.317B £-19.4B £-19.8B
2019-03-29 08:30 AM Current Account £ -26.7B
2019-06-28 08:30 AM Current Account £ -20.4B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -3300.00 -2331.00 2946.00 -5749.00 GBP Million [+]
Exports 53383.00 52834.00 53383.00 962.00 GBP Million [+]
Imports 56683.00 55165.00 57009.00 1031.00 GBP Million [+]
Current Account -20317.00 -15692.00 2654.00 -32163.00 GBP Million [+]
Current Account to GDP -4.10 -5.80 2.60 -5.80 percent [+]
External Debt 6382913.00 6412914.00 6428718.00 565439.00 GBP Million [+]
Capital Flows 13843.00 3074.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 22199.00 -3896.00 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 5.10 5.08 5.68 4.19 [+]
Tourism Revenues 2008.00 2013.00 3014.00 126.00 GBP Million [+]
Tourist Arrivals 3234.00 3469.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-20317.00 -15692.00 2654.00 -32163.00 1946 - 2018 GBP Million Quarterly
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Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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