The current account gap in the United Kingdom widened by GBP 6.3 billion to GBP 30 billion in the first quarter of 2019 from GBP 23.7 billion in the previous quarter and compared with market expectations of a GBP 32 billion shortfall. It was the largest current account gap since the third quarter of 2016, as the trade deficit increased to a record GBP 20.3 billion from GBP 9.4 billion in the last quarter of 2018. The goods gap rose to GBP 47.0 billion from GBP 36.9 billion and the services surplus narrowed to GBP 26.8 billion from GBP 27.5 billion. Also, the secondary income gap went up to GBP 6.6 billion from GBP 5.9 billion in the prior period. On the other hand, the primary income shortfall went down to GBP 3.2 billion from GBP 8.4 billion. Current Account in the United Kingdom averaged -4680.11 GBP Million from 1946 until 2019, 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 -20500.00 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 -19200.00 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
2018-09-28 08:30 AM Current Account Q2 £-20.317B £-15.7B £-19.4B £-22.7B
2018-12-21 09:30 AM Current Account Q3 £-26.5B £-20B £-21.20B £-19.8B
2019-03-29 09:30 AM Current Account Q4 £-23.7B £-23B £-23B £-21.7B
2019-06-28 08:30 AM Current Account Q1 £-30B £-23.7B £-32B £-20.4B
2019-09-30 08:30 AM Current Account Q2 £-30B £-20.5B
2019-12-20 09:30 AM Current Account Q3 £-18.7B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -2324.00 -3716.00 2946.00 -7026.00 GBP Million [+]
Current Account -30045.00 -23707.00 2654.00 -32163.00 GBP Million [+]
Current Account to GDP -3.90 -3.30 2.60 -5.20 percent [+]
Imports 56705.00 56838.00 62200.00 1031.00 GBP Million [+]
Exports 54381.00 53122.00 55669.00 962.00 GBP Million [+]
External Debt 6432146.00 6621492.00 6621492.00 565439.00 GBP Million [+]
Capital Flows 16784.00 34972.00 40569.00 -15043.00 GBP Million [+]
Foreign Direct Investment -15010.00 15947.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.30 310.30 588.27 310.25 Tonnes [+]
Crude Oil Production 1117.00 1135.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.61 5.10 5.68 4.19 [+]
Tourism Revenues 1650.00 1150.00 3014.00 126.00 GBP Million [+]
Tourist Arrivals 2940.00 2200.00 4043.00 540.00 Thousand [+]
Weapons Sales 741.00 1235.00 5966.00 741.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-30045.00 -23707.00 2654.00 -32163.00 1946 - 2019 GBP Million Quarterly
SA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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