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September 30, 2020UK CURRENT ACCOUNTS, Q2 2020 Quarter over quarter (2020Q1 vs 2020Q2)
The United Kingdom the Office of National Statistics reported that the Current account deficit narrowed by £18.1 billions to £2.8 billion
- Goods and Services trade surplus widened by £16.4 billions to £16.9 billion
- Goods trade deficit narrowed by £16.0 billions to £13.2 billion
- Services trade surplus widened by £0.5 billions to £30.1 billion
- Primary Income deficit narrowed by £4.3 billions to £10.5 billion
- Secondary Income deficit widened by £2.7 billions to £9.1 billion
Quarter over quarter (2020Q1 vs 2020Q2)
In the United Kingdom, the Office of National Statistics reported that
- Exports of Goods decreased 10.0% (£8.2 billions)
- Imports of Goods decreased 21.7% (£24.1 billions)
- As a result, Goods trade deficit narrowed by £16.0 billions to £13.2 billion
In the United Kingdom, the Office of National Statistics reported that
- Exports of Services decreased 15.8% (£12.4 billions)
- Imports of Services decreased 26.4% (£12.9 billions)
- As a result, Services trade surplus widened by £0.5 billions to £30.1 billion
Current Account as a % of GDP
In 2020Q2, the UK's Current Account Balance Share of GDP narrowed by 3.1 percentage points to -0.6%.
Source:
Office for National Statistics | Data
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