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For additional information relating to this article, please contact:

Doug McCann Research and Statistics Officer
Tel: 902-424-2141Email: Douglas.McCann@novascotia.ca

December 22, 2017
UK CURRENT ACCOUNTS, Q3 2017

The UK posted a current account deficit of £22.8 billion (4.5% of GDP) in the 3rd quarter of 2017, down £3.0 billion from a revised £25.8 billion deficit posted in the 2nd quarter 2017.

  • The UK goods and services trade deficit decreased by £0.3 billion to £5.8 billion. The deficit in goods increased £1.2 billion to £33.6 billion, while the surplus in services decreased by£1.5 billion to £27.7 billion.
  • The net primary income deficit decreased by £1.8 billion to £11.4 billion. 
  • The net secondary income transfers deficit decreased by £1.0 billion to £5.5 billion.

 

 Total net trade deficit decreased to £5.8 billion as net services surplus increased to £27.7 billion, and net goods deficit increased to £33.6 billion

 Goods exports increased £0.7 billion to £86.8 billion, while goods imports increased £2.0 billion to £120.4 billion for an increased deficit of £33.6 billion. 

Services exports increased £1.2 billion to £70.0 billion, while services imports decreased £329 million to £42.3 billion for an increased surplus of £27.7 billion. 




Source:
Office for National Statistics |  Data



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