The United Kingdom recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in the United Kingdom averaged -1.15 percent from 1948 until 2018, reaching an all time high of 2.60 percent in 1950 and a record low of -5.20 percent in 2016. source: Office for National Statistics

Current Account to GDP in the United Kingdom is expected to be -4.20 percent by the end of this quarter, 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 -4.10 percent in 2020, according to our econometric models.

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United Kingdom Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -3.50 2.60 -5.20 1948 - 2018 percent Yearly


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.

United Kingdom Trade Last Previous Highest Lowest Unit
Balance of Trade 4031.00 -1337.00 4031.00 -8145.00 GBP Million [+]
Current Account -15860.00 -24152.00 2668.00 -37392.00 GBP Million [+]
Current Account to GDP -4.30 -3.50 2.60 -5.20 percent [+]
Imports 55804.00 60529.00 65001.00 1031.00 GBP Million [+]
Exports 59835.00 59192.00 59835.00 962.00 GBP Million [+]
External Debt 6940251.00 6692718.00 6940251.00 565439.00 GBP Million [+]
Capital Flows 35873.00 20873.00 40826.00 -12724.00 GBP Million [+]
Foreign Direct Investment 15164.00 25425.00 92093.00 -44536.00 GBP Million [+]
Gold Reserves 310.29 310.29 588.27 310.25 Tonnes [+]
Crude Oil Production 1044.00 960.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.41 5.61 5.68 4.19 [+]
Tourism Revenues 2390.00 3120.00 3120.00 126.00 GBP Million [+]
Tourist Arrivals 3140.00 4120.00 4120.00 540.00 Thousand [+]
Goods Trade Balance -5256.00 -10947.00 775.00 -16867.00 GBP Million [+]
Weapons Sales 741.00 1235.00 5966.00 741.00 USD Million [+]