The United Kingdom recorded a Current Account deficit of 28939 GBP Million in the second quarter of 2025. This dataset provides the latest reported value for - United Kingdom Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about United Kingdom Current Account Balance: % of GDP

• United Kingdom Current Account deficit accounted for 2.5 % of the country's Nominal GDP in Sep 2024, compared with a 3.4 % deficit in the previous quarter.
• UK Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1955 to Sep 2024, with an average value of -1.0 %.
• The data reached an all-time high of 4.0 % in Mar 1981 and a record low of -6.9 % in Dec 2014.

• In the latest reports of UK, Current Account recorded a deficit of 13.1 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 8.6 USD bn in Sep 2024.
• UK Direct Investment Abroad fell by 7.0 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 786.4 USD bn in Mar 2023.

Graph and download economic data for Current Account in the United Kingdom (CURUKA) from 1772 to 2016 about current account, academic data, BOP, and United Kingdom.

Key information about UK Current Account Balance

• United Kingdom Current Account recorded a deficit of 13.1 USD bn in Mar 2023, compared with a deficit of 2.9 USD bn in the previous quarter.
• UK Current Account Balance: USD mn data is updated quarterly, available from Mar 1957 to Mar 2023, with an averaged value of -1.7 USD bn.
• The data reached an all-time high of 6.5 USD bn in Mar 1981 and a record low of -67.7 USD bn in Mar 2022.
• CEIC converts quarterly Current Account Balance into USD. Office for National Statistics provides Current Account Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
• Foreign Direct Investment (FDI) fell by 37.8 USD bn in Mar 2023.
• UK Direct Investment Abroad expanded by 14.7 USD bn in Mar 2023.
• Its Foreign Portfolio Investment fell by 33.0 USD bn in Mar 2023.
• The country's Nominal GDP was reported at 786.4 USD bn in Mar 2023.

This statistic illustrates the estimated number of current accounts in the United Kingdom (UK) as of ************, by age group. In a survey conducted by the Financial Conduct Authority (FCA) in ************ it was calculated that approximately **** million adults within the UK held a current account. Of this total the highest number of accounts of any age range were held by 45 to 54 year olds with approximately **** million. Over ** year olds as a category held an estimated **** million current accounts, making up ** percent of the entire current account market.

Estimates of the balance of payments current and capital accounts, financial accounts, international investment position and external debt statement.

The United Kingdom recorded a Current Account deficit of 2.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first quarter of 2025, Nationwide led UK banks in net current account gains through the Current Account Switch Service (CASS), which is operated by the Payment Systems Regulator. The bank attracted over ****** new current account customers during this period. In contrast, Barclays experienced the highest net losses, with more than ****** customers switching their current accounts to other banks. How many customers switch current account in the UK? Throughout 2024, more than 100,000 people in the United Kingdom switched from their main current account provider every month. Nationwide, the bank with the highest ratio of bank customers gained, saw more than **** customers join the bank for every one that left in the first quarter of 2025. Customer growth of disruptor banks The introduction of mobile-based digital banks such as Revolut and N26 has seen customers flock to disruptors by the millions. Low fees, ease of use, and a user-friendly interface have made disruptor banks a cause of concern to incumbents in the future. It is not only customers that have been attracted to these disruptors. Venture capital backed funding has enabled several online banks to reach unicorn status.

United Kingdom UK: BOP: Current Account: Balance: % of GDP data was reported at -4.061 % in 2017. This records an increase from the previous number of -5.842 % for 2016. United Kingdom UK: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging -1.817 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 2.612 % in 1981 and a record low of -5.842 % in 2016. United Kingdom UK: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

United Kingdom UK: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data was reported at 29.354 % in 2017. This records a decrease from the previous number of 32.519 % for 2016. United Kingdom UK: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data is updated yearly, averaging 27.228 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 35.974 % in 2007 and a record low of 13.995 % in 1989. United Kingdom UK: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

The number of customers who switched their current bank account provider in the United Kingdom (UK) reached a total of almost 80,000 as of March 2025. The number of monthly account switches remained relatively low in early 2025.

Current account balance (% of GDP) in United Kingdom was reported at --2.652 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Current account balance (BoP, current US$) in United Kingdom was reported at --96634360951 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

This statistic shows the predicted year on year change in balance of payments current account as percentage of GDP in the United Kingdom (UK) from 2017 to 2023. A decrease is to be expected throughout the entire period.

This statistic shows the length of time holders have used their main current account in the United Kingdom (UK) as of the first quarter of 2015. It reveals that ** percent of account holders in the UK had used their account as the main current account for ** or more years.

United Kingdom Balance of Payments (BoP): sa: Current Account (CA) data was reported at -21,028.000 GBP mn in Dec 2024. This records a decrease from the previous number of -12,488.000 GBP mn for Sep 2024. United Kingdom Balance of Payments (BoP): sa: Current Account (CA) data is updated quarterly, averaging -889.500 GBP mn from Mar 1955 (Median) to Dec 2024, with 280 observations. The data reached an all-time high of 11,056.000 GBP mn in Dec 2022 and a record low of -39,615.000 GBP mn in Mar 2022. United Kingdom Balance of Payments (BoP): sa: Current Account (CA) data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.JB001: BPM6: Balance of Payments.

This statistic displays the number of adults in the United Kingdom (UK) that in October 2017 had a form of retail banking or savings account. Of the UK's total population approximately ** percent had any day-to-day account, amounting to approximately **** individuals. **** million UK adults as of October 2017 had a current account.

Detailed annual statistics on the geographical breakdown of the current account including trade in goods and services, primary and secondary income and transactions with Europe and the US.

United Kingdom Balance of Payments: Current Account data was reported at -14,015.000 GBP mn in Dec 2024. This records an increase from the previous number of -18,373.000 GBP mn for Sep 2024. United Kingdom Balance of Payments: Current Account data is updated quarterly, averaging -805.500 GBP mn from Mar 1955 (Median) to Dec 2024, with 280 observations. The data reached an all-time high of 12,965.000 GBP mn in Dec 2022 and a record low of -41,940.000 GBP mn in Mar 2022. United Kingdom Balance of Payments: Current Account data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.JB001: BPM6: Balance of Payments.