United Kingdom Current Account to GDP

The United Kingdom recorded a Current Account deficit of 4.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in the United Kingdom is reported by the Eurostat. Current Account to GDP in the United Kingdom averaged -1.67 Percent from 1980 until 2013, reaching an all time high of 1.90 Percent in 1981 and a record low of -4.90 Percent in 1989. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.40 -3.80 1.90 -4.90 -4.53 | 2014/12 1980 - 2013 Percent Yearly

TO

United Kingdom Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -4.40 2013-12-31 -3.80 1.90 -4.90 -4.53 2014-12-31 Percent [+]
Current Account -22360.00 2013-11-15 -22830.00 2752.00 -22830.00 -23689.06 2014-03-31 GBP Million [+]
Balance of Trade -2058.00 2014-02-15 -2203.00 2946.00 -5269.00 -2162.30 2014-03-31 GBP Million [+]
Exports 40592.00 2014-02-15 40971.00 43566.00 962.00 40572.06 2014-03-31 GBP Million [+]
Imports 42650.00 2014-02-15 43174.00 45364.00 1031.00 42841.13 2014-03-31 GBP Million [+]
Crude Oil Production 714.00 2013-10-15 735.00 2747.00 1.00 842.05 2013-11-30 Thousands Barrels per Day [+]
External Debt -21222.00 2013-12-31 97635.00 97635.00 -218422.00 86978.27 2014-03-31 GBP Million [+]
Foreign Direct Investment 9170.00 2013-11-15 2695.00 70710.00 -7354.00 2703.49 2014-03-31 GBP Million [+]
Terms of Trade 98.70 2014-02-15 98.70 111.80 82.20 98.72 2014-03-31 Index Points [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.
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UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.
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