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.

Current Account to GDP in the United Kingdom is expected to be -4.00 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 -4.40 percent in 2020, according to our econometric models.

United Kingdom Current Account to GDP
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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 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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3.90 -3.30 2.60 -5.20 1948 - 2018 percent Yearly




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -3.00 Dec/17
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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