The United Kingdom recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2020. source: Office for National Statistics

Current Account to GDP in the United Kingdom averaged -1.19 percent from 1948 until 2020, reaching an all time high of 2.70 percent in 1950 and a record low of -5.40 percent in 2016. This page provides - United Kingdom Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in the United Kingdom is expected to reach -3.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Current Account to GDP is projected to trend around -5.40 percent of GDP in 2022 and -4.70 percent of GDP in 2023, according to our econometric models.

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United Kingdom Current Account to GDP

United Kingdom Last Unit Reference Previous Highest Lowest
Balance of Trade -3716.00 GBP Million Aug/21 -2948.00 8131.00 -7792.00
Current Account -8605.00 GBP Million Jun/21 -8880.00 2817.00 -32541.00
Current Account to GDP -3.50 percent of GDP Dec/20 -3.10 2.70 -5.40
Imports 53486.00 GBP Million Aug/21 53755.00 65215.00 1031.00
Exports 49770.00 GBP Million Aug/21 50807.00 63845.00 962.00
External Debt 7092969.00 GBP Million Jun/21 7147294.00 7417554.00 565439.00
Capital Flows 11258.00 GBP Million Jun/21 15501.00 45167.00 -12725.00
Foreign Direct Investment 19112.00 GBP Million Jun/21 3158.00 92093.00 -44536.00
Goods Trade Balance -14927.00 GBP Million Aug/21 -14095.00 775.00 -18395.00
Tourist Arrivals 195.00 Thousand Mar/21 1386.00 11899.00 195.00
Tourism Revenues 248.00 GBP Million Mar/21 611.00 10088.00 218.00
Terms of Trade 101.80 points Apr/18 101.50 107.60 80.10

United Kingdom Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.