The United Kingdom recorded a Current Account deficit of 18099 GBP Million in the third quarter of 2024. 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.

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 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.

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.

The United Kingdom recorded a Current Account deficit of 2.20 percent of the country's Gross Domestic Product in 2023. This dataset provides - United Kingdom Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Quarterly transactions in trade in goods and services, primary, secondary and investment income, transactions with EU and non-EU countries and capital account.

In the third quarter of 2024, 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 22,000 new current account customers during this period. In contrast, Santander experienced the highest net losses, with more than 19,000 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 roughly 2.3 customers join the bank for every one that left in the third quarter of 2024. 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.

Current account balance (% of GDP) in United Kingdom was reported at --1.9654 % in 2023, 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 March 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.

United Kingdom Balance of Payments: Current Account data was reported at -21,141.000 GBP mn in Sep 2024. This records an increase from the previous number of -29,708.000 GBP mn for Jun 2024. United Kingdom Balance of Payments: Current Account data is updated quarterly, averaging -784.000 GBP mn from Mar 1955 (Median) to Sep 2024, with 279 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$) in United Kingdom was reported at --66447726443 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The number of customers who switched their current bank account provider in the United Kingdom (UK) reached a total of approximately 60,000 as of September 2024. This figure was below the average switching activity observed during the covered period. Notably, the number of monthly account switches decreased in 2024 compared to 2023, with May and September seeing the lowest switching volumes.

Graph and download economic data for Current Account Balance: Total Transfers for the United Kingdom (DISCONTINUED) (BPBLTF01GBA636S) from 1960 to 2013 about transfers, current account, BOP, and United Kingdom.

United Kingdom UK: BOP: Current Account: Balance data was reported at -106.505 USD bn in 2017. This records an increase from the previous number of -154.873 USD bn for 2016. United Kingdom UK: BOP: Current Account: Balance data is updated yearly, averaging -18.371 USD bn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 14.127 USD bn in 1981 and a record low of -161.162 USD bn in 2014. United Kingdom UK: BOP: Current Account: Balance 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. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Graph and download economic data for Total Current Account Balance for the United Kingdom (DISCONTINUED) (BPBLTT01GBQ188S) from Q1 1960 to Q1 2014 about current account, BOP, and United Kingdom.

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.

Graph and download economic data for Total Current Account Balance for the United Kingdom (DISCONTINUED) (BPBLTT01GBA637S) from 1960 to 2013 about current account, BOP, and United Kingdom.

Graph and download economic data for Current Account Balance: Total Trade of Goods for the United Kingdom (DISCONTINUED) (BPBLTD01GBA637S) from 1960 to 2013 about current account, BOP, United Kingdom, trade, and goods.

This statistic illustrates the estimated number of current accounts in the United Kingdom (UK) as of October 2017, by age group. In a survey conducted by the Financial Conduct Authority (FCA) in October 2017 it was calculated that approximately 49.1 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 8.84 million. Over 65 year olds as a category held an estimated 10.8 million current accounts, making up 22 percent of the entire current account market.