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March 29, 2018UK CURRENT ACCOUNTS, Q4 2017 The UK posted a current account deficit of £18.4 billion (3.6% of GDP) in the 4th quarter of 2017, down £0.7 billion from a revised £19.2 billion deficit posted in the 3rd quarter of 2017. This is the narrowest current account deficit as a percentage of GDP since the 1st quarter of 2012.
- The UK goods and services trade deficit increased by £2.5 billion to £7.6 billion. The deficit in goods increased £2.9 billion to £35.7 billion, while the surplus in services increased by £0.4 billion to £28.1 billion.
- The net primary income deficit decreased by £1.8 billion to £6.6 billion.
- The net secondary income transfers deficit decreased by £1.4 billion to £4.2 billion.
Total net trade deficit increased to £7.6 billion as the net services surplus increased to £28.1 billion, and the net goods deficit increased to £35.7 billion
Goods exports decreased £1.8 billion to £85.7 billion, and goods imports increased £1.1 billion to £121.5 billion for an increased deficit of £35.7 billion.
Services exports increased £1.6 billion to £72.4 billion, and services imports increased £1.2 billion to £44.3 billion for an increased surplus of £28.1 billion.
Source:
Office for National Statistics | Data
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