The United Kingdom recorded a Current Account deficit of 4.10 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in the United Kingdom averaged -1.18 percent from 1948 until 2017, reaching an all time high of 2.60 percent in 1950 and a record low of -5.80 percent in 2016.

Current Account to GDP in the United Kingdom is expected to be -3.70 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 -2.80 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 -27.00 -2101.00 2946.00 -5749.00 GBP Million [+]
Exports 54953.00 54287.00 54953.00 962.00 GBP Million [+]
Imports 54980.00 56388.00 56388.00 1031.00 GBP Million [+]
Current Account -20317.00 -15692.00 2654.00 -32163.00 GBP Million [+]
Current Account to GDP -4.10 -5.80 2.60 -5.80 percent [+]
External Debt 6382913.00 6412914.00 6428718.00 565439.00 GBP Million [+]
Capital Flows 13843.00 3074.00 42878.00 -15043.00 GBP Million [+]
Foreign Direct Investment 22199.00 -3896.00 82539.00 -44536.00 GBP Million [+]
Gold Reserves 310.30 310.30 588.27 310.25 Tonnes [+]
Crude Oil Production 915.00 854.00 2821.00 1.00 BBL/D/1K [+]
Terrorism Index 5.10 5.08 5.68 4.19 [+]
Tourism Revenues 2008.00 2013.00 3014.00 126.00 GBP Million [+]
Tourist Arrivals 3234.00 3469.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-4.10 -5.80 2.60 -5.80 1948 - 2017 percent Yearly




Country Last
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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