The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
June 30, 2025UK CURRENT ACCOUNT, Q1 2025 Quarter vs quarter (Q1 2025 vs Q4 2024)
The United Kingdom (UK) current account deficit increased by £2.4 billion from Q4 2024 to Q1 2025, increasing to a deficit of £23.5 billion. The goods trade deficit narrowed by £1.6 billion to £60.2 billion. The services trade surplus narrowed by £1.4 billion to £47.8 billion. The primary income deficit widened by £2.9 billion to £6.4 billion. The secondary income deficit narrowed by £372 million to £4.7 billion.
UK goods exports rose by 7.2% (£6.2 billion) while imports of goods rose by 3.1% (+£4.6 billion).
UK services exports increased by 3.1% (+£4.0 billion) and imports of services increased by 6.7% (+£5.4 billion).
UK primary income receipts decreased by 6.5% (-£6.7 billion) and primary income payments decreased by 3.5% (-£3.8 billion).
UK secondary income receipts decreased by 0.4% (-£33 million) and secondary income payments decreased by 3.1% (-£405 million).
Source for National Statistics (ONS), released 30 June 2025, ONS website, statistical bulletin, Balance of payments, UK: Q1 2025; Balance of payments time series
<--- Return to Archive
