Current account balance as a share of GDP in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Current account balance as a share of GDP was -2.2% in 2024. ▼ Falling
Current account balance as a share of GDP in United Kingdom of Great Britain and Northern Ireland, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share 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 share 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.
That places United Kingdom of Great Britain and Northern Ireland 115th out of 193 countries with data for 2024, putting it 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 share of GDP in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -1.8% | — |
| 2001 | -1.8% | -2.2% |
| 2002 | -2.0% | +11.9% |
| 2003 | -1.8% | -7.6% |
| 2004 | -2.3% | +25.3% |
| 2005 | -2.0% | -13.2% |
| 2006 | -3.1% | +57.1% |
| 2007 | -3.7% | +19.6% |
| 2008 | -3.9% | +4.0% |
| 2009 | -3.0% | -22.0% |
| 2010 | -2.8% | -8.6% |
| 2011 | -1.6% | -41.3% |
| 2012 | -3.1% | +93.2% |
| 2013 | -4.6% | +47.9% |
| 2014 | -5.0% | +7.6% |
| 2015 | -4.9% | -1.2% |
| 2016 | -5.5% | +11.0% |
| 2017 | -3.5% | -36.4% |
| 2018 | -3.9% | +12.1% |
| 2019 | -2.7% | -31.6% |
| 2020 | -2.9% | +10.2% |
| 2021 | -0.8% | -74.4% |
| 2022 | -2.1% | +176.0% |
| 2023 | -3.6% | +72.9% |
| 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
More economy & growth data for United Kingdom of Great Britain and Northern Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 5.59 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.166 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 9,564 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 8.57 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3186 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 18,352 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 5.39 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.242 current LCU per US$ of GDP (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is current account balance as a share of gdp in United Kingdom of Great Britain and Northern Ireland?
- Current account balance as a share of gdp in United Kingdom of Great Britain and Northern Ireland was -2.2% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share 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 share 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 share of gdp?
- United Kingdom of Great Britain and Northern Ireland ranks 115th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).