United Kingdom Current Account  1946-2018 | Data | Chart | Calendar

The current account deficit in the United Kingdom narrowed to GBP 18.4 billion in Q4 2017 from a downwardly revised GBP 19.2 billion gap in Q3 and lower than market expectations of a GBP 24 billion shortfall. It is the smallest current account deficit since the third quarter of 2012. The primary income deficit narrowed by GBP 1.8 billion to GBP 6.6 billion as UK earnings on investment abroad increased by GBP 1.0 billion and payments to foreign investors decreased by GBP 0.7 billion. The secondary income deficit fell by GBP 1.4 billion to GBP 4.2 billion as payments by general government decreased. In contrast, the total trade deficit widened to GBP 7.6 billion from GBP 5.2 billion, mainly due to a rise in oil imports and a fall in sales of oil and food, beverages and tobacco. Considering full 2017, the UK’s current account deficit was GBP 82.9 billion or 4.1% of the GDP, the narrowest deficit as a percentage of GDP since 2011 when it was 2.4%. Current Account in the United Kingdom averaged -4655.45 GBP Million from 1946 until 2017, reaching an all time high of 2654 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
2017-09-29 08:30 AM Current Account £-23.2B £-22.256B £-16B £-22.3B
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 £-18.4B £-21.2B
2018-09-28 08:30 AM Current Account £-22.7B
2018-12-21 09:30 AM Current Account £-19.8B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -965.00 -2949.00 2946.00 -6225.00 GBP Million [+]
Exports 52447.00 53163.00 53880.00 962.00 GBP Million [+]
Imports 53412.00 56112.00 56112.00 1031.00 GBP Million [+]
Current Account -18443.00 -19173.00 2654.00 -33681.00 GBP Million [+]
Current Account to GDP -4.10 -5.80 2.60 -5.80 percent [+]
External Debt 6385526.00 6218711.00 6428718.00 565439.00 GBP Million [+]
Terms of Trade 101.50 102.10 107.60 80.10 Index Points [+]
Capital Flows 24382.00 10929.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 8667.00 8172.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.30 310.29 588.27 310.25 Tonnes [+]
Crude Oil Production 739.00 977.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.10 5.08 5.68 4.19 [+]
Tourism Revenues 1560.00 1790.00 2938.00 126.00 GBP Million [+]
Tourist Arrivals 2590.00 3050.00 4020.00 540.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-18443.00 -19173.00 2654.00 -33681.00 1946 - 2017 GBP Million Quarterly
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current account by Country
Country Last
Australia -14024.00 Dec/17
Brazil 283.20 Feb/18
Canada -16346.00 Dec/17
China 622.83 Dec/17
Euro Area 22.73 Feb/18
France -1986.00 Feb/18
Germany 20700.00 Feb/18
India -13465.11 Dec/17
Indonesia -5760.70 Dec/17
Italy 838.60 Feb/18
Japan 2076.00 Feb/18
Mexico -3206.60 Dec/17
Netherlands 20903.90 Dec/17
Russia 28800.00 Mar/18
South Korea 4030.00 Feb/18
Spain -445.00 Jan/18
Switzerland 19679.42 Dec/17
Turkey -4152.00 Feb/18
United Kingdom -18443.00 Dec/17
United States -128158.00 Dec/17


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