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March 31, 2023UK CURRENT ACCOUNT, 2022Q4 
Quarter vs quarter (2022Q4 vs 2022Q3)
Compared to the previous quarter, the United Kingdom Office of National Statistics reported that the net current account deficit narrowed by £10.3 billion to £2.5 billion.
- net goods and service deficit narrowed by £3.8 billion to £6.8 billion
- net primary income ssurplus increased by £6.8 billion to £9.8 billion
- net secondary income deficit widened by £0.4 billion to £5.4 billion
Exports of goods decreased 0.2% (£0.2 billion) and imports of goods decreased 2.3% (£3.8 billion). As a result, net goods deficit narrowed by £3.6 billion to £45.3 billion.
Exports of services decreased 0.2% (£0.2 billion) and imports of services decreased 0.6% (£0.2 billion). As a result, net services surplus widened by £0.4 billion to £38.5 billion.
Source:
ONS Balance of Payments Q4 2022
Office for National Statistics | Data
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