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June 28, 2019UK CURRENT ACCOUNTS, Q1 2019 In 2019 Q1, the UK current account deficit widened by £6.3 billion to £30.0 billion
- The deficit in goods widened by £10.1 billion to £47.0 billion, while
- the surplus in services declined by £700 million to £26.8 billion.
- The net primary income deficit narrowed by £5.2 billion to £3.2 billion.
- The net secondary income deficit increased by £693 million to £6.6 billion.
The UK goods and services trade deficit widened by £10.8 billion to £20.3 billion as the net services surplus declined to £26.8 billion, and the net goods deficit increased to £47.0 billion.
Goods exports increased £2.0 billion to £91.0 billion, and goods imports increased £12.1 billion to £138.0 billion for an increased deficit of £47.0 billion.
Services exports decreased £390 million to £73.2 billion, and services imports increased £309 million to £46.4 billion, for a decreased surplus of £26.8 billion.
The ratio of a country's current account to its nominal gross domestic product provides an indicator with respect to balance of international payments to gross domestic product. In 2019 Q1, the CA/GDP ratio declined 1.2 percentage points to -5.8%, over the previous quarter.
Source:
Office for National Statistics | Data
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