The current account gap in the United Kingdom widened by GBP 0.7 billion to GBP 23.7 billion in the last quarter of 2018 from a downwardly revised GBP 23 billion in the previous quarter and compared with market expectations of a GBP 23 billion gap. It was the largest current account gap since the third quarter of 2016, as the trade deficit widened to GBP 9.4 billion from GBP 8.9 billion in Q3, mainly due to the goods gap. The goods deficit went up to GBP 36.9 billion from GBP 34.8 billion while the services surplus advanced to GBP 27.5 billion from GBP 26 billion. Additionally, the primary income shortfall rose by GBP 1.1 billion to GBP 8.4 billion, recording the largest deficit since the last quarter of 2016 (GBP 9.9 billion). Meanwhile, the secondary income gap declined to GBP 5.9 billion from GBP 6.8 billion in the third quarter of 2018. Considering full 2018, the current account recorded a GBP 81.6 billion gap compared to a GBP 68.4 billion deficit in 2017. Current Account in the United Kingdom averaged -4584.59 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 -20400.00 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 -24600.00 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
2018-06-29 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 £-26.5B £-20B £-21.20B £-19.8B
2019-03-29 09:30 AM Current Account £-23.7B £-23B £-23B £-21.7B
2019-06-28 08:30 AM Current Account £-23.7B £-20.4B
2019-09-30 08:30 AM Current Account £-20.5B
2019-12-20 09:30 AM Current Account £-18.7B


United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade -5408.00 -6219.00 2946.00 -6710.00 GBP Million [+]
Current Account -23707.00 -22988.00 2654.00 -32163.00 GBP Million [+]
Current Account to GDP -3.90 -3.30 2.60 -5.20 percent [+]
Imports 59973.00 59330.00 60212.00 1031.00 GBP Million [+]
Exports 54565.00 53111.00 54565.00 962.00 GBP Million [+]
External Debt 6621492.00 6301189.00 6621492.00 565439.00 GBP Million [+]
Capital Flows 34972.00 33427.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 15947.00 8525.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.30 310.30 588.27 310.25 Tonnes [+]
Crude Oil Production 1115.18 1085.71 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.61 5.10 5.68 4.19 [+]
Tourism Revenues 1460.00 1680.00 3014.00 126.00 GBP Million [+]
Tourist Arrivals 2640.00 2850.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-23707.00 -22988.00 2654.00 -32163.00 1946 - 2018 GBP Million Quarterly
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Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 15.50 Feb/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3252.80 Feb/19
Japan 2847.87 Mar/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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