The United Kingdom recorded a Current Account deficit of 3.30 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in the United Kingdom averaged -1.09 percent of GDP from 1948 until 2023, reaching an all time high of 2.80 percent of GDP in 1950 and a record low of -5.40 percent of GDP in 2016. source: Office for National Statistics
Current Account to GDP in the United Kingdom is expected to reach -4.20 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Current Account to GDP is projected to trend around -3.80 percent of GDP in 2025 and -3.60 percent of GDP in 2026, according to our econometric models.