Current Account in United Kingdom

United Kingdom Current Account (GBP bn) | Economic News & Forecasts

United Kingdom - Current Account (billions of British pounds)

The economy gained steam in Q1 as government consumption growth edged up and fixed investment rebounded, although this was likely influenced by stockpiling in preparation for a possible no-deal Brexit. More encouragingly, private consumption picked up pace, supported by solid wage gains and a multi-decade low unemployment rate. On the other hand, the external sector weakened on a surge in imports—again tied to stockpiling. Turning to Q2, growth is likely ebbing as the stockbuilding effect unwinds. In April, the manufacturing PMI declined, while the services PMI was weak despite crawling back into expansionary territory. However, retail sales in April were better than expected. On the political front, Theresa May announced she would resign as Conservative leader on 7 June, paving the way for a new Conservative prime minister. This increases the likelihood of both a no-deal Brexit and a further extension to Article 50.

United Kingdom - Current Account (GBP bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (GBP bn)-97.0  -98.0  -98.1  -113.6  -82.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


United Kingdom Current Account (GBP bn) Chart

United Kingdom Current Account
Note: Current account balance as % of GDP.
Source: Office for National Statistics (ONS).

United Kingdom Facts

Bond Yield0.84-3.04 %Jun 13
Exchange Rate1.27-0.35 %Jun 13
Stock Market7,369-0.26 %Jun 13

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form