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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

December 29, 2022

Quarter vs quarter (2022Q3 vs 2022Q2)

Compared to the previous quarter, the United Kingdom Office of National Statistics reported that the net current account deficit narrowed by £15.7 billion to £19.4 billion.

  • net goods and service deficit narrowed by £19.5 billion to £10.7 billion
  • net primary income changed from a surplus of £0.6 billion to a deficit of £3.6 billion
  • net secondary income deficit narrowed by £0.4 billion to £5.1 billion

Exports of goods increased 18.0% (£17.6 billion) and imports of goods increased 2.2% (£3.6 billion). As a result, net goods deficit narrowed by £14.0 billion to £51.2 billion.

Exports of services increased 5.8% (£5.6 billion) and imports of services increased 0.3% (£0.2 billion). As a result, net services surplus widened by £5.5 billion to £40.5 billion. 


ONS Balance of Payments Q3 2022

Office for National Statistics |  Data 

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