The United Kingdom recorded a Current Account deficit of 3.80 percent of the country's Gross Domestic Product in 2019. source: Office for National Statistics

Current Account to GDP in the United Kingdom averaged -1.15 percent from 1948 until 2019, reaching an all time high of 2.70 percent in 1950 and a record low of -5.20 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 February of 2021.

Current Account to GDP in the United Kingdom is expected to reach -4.00 percent by the end of 2020, 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 2021 and -3.60 percent in 2022, according to our econometric models.

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United Kingdom Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -3.90 2.70 -5.20 1948 - 2019 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.