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March 31, 2017UK CURRENT ACCOUNTS, Q4 2016 The UK posted a current account deficit of £12.1 billion (2.4% of GDP) in the 4th quarter of 2016, narrowed by £13.6 billion from a revised £25.7 billion deficit posted in the 3rd quarter 2016.
- The UK goods and services trade deficit decreased £10.0 billion to £4.8 billion as goods exports increased by £7.6 billion while the surplus in services grew by £2.4 billion
- The primary income deficit narrowed from £4.3 billion in the 3rd quarter to a three year low of £1.0 billion as the direct investment surplus grew to £6.3 billion and the portfolio investment deficit narrowed to £4.6 billion.
- The deficit on secondary income transfers narrowed from £3.7 billion to £2.1 billion
Source: Office for National Statistics
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