The United Kingdom recorded a trade deficit of 5699 GBP Million in May of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Quarterly summary of balance of payments accounts including the current account, capital transfers, transactions and levels of UK external assets and liabilities.

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.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Office for National Statistics provides Current Account Balance in local currency and Nominal GDP in local currency.


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

• 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.

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.

In the first quarter of 2025, the United Kingdom had a trade deficit of 10.6 billion British pounds, due to a 59 billion pound deficit in goods trade offset by a 48 billion pound trade surplus in services.

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.

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.

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 July of 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 July of 2025.

The statistic shows the trade balance of goods (exports minus imports of goods) in the United Kingdom from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of goods in the United Kingdom amounted to about ****** billion U.S. dollars. On the effects of Brexit on the UK's economy The United Kingdom has maintained a trade deficit over the last ten years, but now that the country has chosen to leave the European Union, current trade agreements will need to be renegotiated and trade relationships and the trade balance will change. As of 2015, one of the UK’s most important import and export partners was Germany, but it also trades heavily with many other countries within the European Union; more than half of total value of the UK trade in goods is associated with European Union countries. Trade agreements which have been negotiated by the European Union extend beyond member countries, and the United Kingdom will now have to renegotiate its own trade deals with a far larger number of countries by itself. It remains to be seen as to how the UK will manage these negotiations. Another big question is how the UK banking sector will be able to access the European market. Services contributed close to ** percent of UK GDP, which includes banking services. While it is too soon predict how Brexit will impact the United Kingdom entirely, estimates of the decision’s long term effects estimate negative GDP growth of around **** percent in an optimistic scenario, with the pessimistic scenario estimating negative growth of around *** percent.

External balance on goods and services (% of GDP) in United Kingdom was reported at --1.1321 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - External balance on goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Graph and download economic data for Balance of Payments: Services: Expenditure for United Kingdom (GBRB6DBSE03STSAQ) from Q1 1955 to Q4 2024 about debits, debit, current account, BOP, United Kingdom, and services.

Annual estimates of the market value of financial and non-financial assets for the UK, providing a measure of the nation's wealth.

Goods Trade Balance Non-EU in the United Kingdom decreased to -9318 GBP Million in May from -8649 GBP Million in April of 2025. This dataset includes a chart with historical data for the United Kingdom Goods Trade Balance Non-EU.

Goods Trade Balance in the United Kingdom increased to -21688 GBP Million in May from -23206 GBP Million in April of 2025. This dataset provides - United Kingdom Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in the United Kingdom decreased to 797484 GBP Million in July 30 from 800730 GBP Million in the previous week. This dataset provides - United Kingdom Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom BoP: sa: Capital Account data was reported at -1,200.000 GBP mn in Dec 2024. This records an increase from the previous number of -1,529.000 GBP mn for Sep 2024. United Kingdom BoP: sa: Capital Account data is updated quarterly, averaging -6.000 GBP mn from Mar 1955 (Median) to Dec 2024, with 280 observations. The data reached an all-time high of 497.000 GBP mn in Dec 2007 and a record low of -8,435.000 GBP mn in Sep 2017. United Kingdom BoP: sa: Capital 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.