Current account balance as a proportion of GDP (%) in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Current account balance as a proportion of GDP (%) was -2.2% in 2024. ▼ Falling
Current account balance as a proportion of GDP in United Kingdom of Great Britain and Northern Ireland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in United Kingdom of Great Britain and Northern Ireland is -2.2%, measured in 2024.
That represents a change of up 38.8% on the previous year and up 56.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in United Kingdom of Great Britain and Northern Ireland peaked at -0.8% in 2021 and was at its lowest, -5.5%, in 2016.
United Kingdom of Great Britain and Northern Ireland ranks 121st of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a proportion of GDP (%) in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -1.8% | — |
| 2001 | -1.8% | -2.4% |
| 2002 | -2.0% | +11.8% |
| 2003 | -1.8% | -7.4% |
| 2004 | -2.3% | +25.4% |
| 2005 | -2.0% | -13.5% |
| 2006 | -3.1% | +57.4% |
| 2007 | -3.7% | +19.5% |
| 2008 | -3.9% | +4.0% |
| 2009 | -3.0% | -21.9% |
| 2010 | -2.8% | -8.6% |
| 2011 | -1.6% | -41.2% |
| 2012 | -3.1% | +92.9% |
| 2013 | -4.6% | +47.8% |
| 2014 | -5.0% | +7.5% |
| 2015 | -4.9% | -1.2% |
| 2016 | -5.5% | +11.1% |
| 2017 | -3.5% | -36.4% |
| 2018 | -3.9% | +11.9% |
| 2019 | -2.7% | -31.5% |
| 2020 | -2.9% | +10.0% |
| 2021 | -0.8% | -74.3% |
| 2022 | -2.1% | +174.6% |
| 2023 | -3.6% | +73.0% |
| 2024 | -2.2% | -38.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.5% | -3.9% | -1.8% | 10 |
| 2010s | -3.8% | -5.5% | -1.6% | 10 |
| 2020s | -2.3% | -3.6% | -0.8% | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 118 Zambia -1.9% compare
- 119 Australia -2.0% compare
- 120 North Macedonia -2.1% compare
- 121 United Kingdom -2.2% compare
- 123 Albania -2.4% compare
- 124 Saint Lucia -2.5% compare
More economy & growth data for United Kingdom of Great Britain and Northern Ireland
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 4.01 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 6.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 2.3 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 5.19 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 8.13 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 1.1 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 1.1 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 3.79 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 6.72 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 1.45 % change on previous year (2024)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is current account balance as a proportion of gdp in United Kingdom of Great Britain and Northern Ireland?
- Current account balance as a proportion of gdp in United Kingdom of Great Britain and Northern Ireland was -2.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was -0.8% in 2021.
- What is the lowest current account balance as a proportion of gdp recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was -5.5% in 2016.
- How does United Kingdom of Great Britain and Northern Ireland rank for current account balance as a proportion of gdp?
- United Kingdom of Great Britain and Northern Ireland ranks 121st out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 56.0%. The long-run trend across the full record is falling.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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