Current Account in the United Kingdom
CALUKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-84,504.00
Year-over-Year Change
267.31%
Date Range
1/1/1772 - 1/1/2016
Summary
The Current Account in the United Kingdom measures the difference between the value of a country's imports and exports of goods, services, and capital. It's a key indicator of a nation's international economic position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account provides insights into a country's trade balance, investments, and international transfers. It's widely used by economists, policymakers, and analysts to assess a nation's economic performance and global competitiveness.
Methodology
The data is collected and calculated by the UK Office for National Statistics based on international transactions.
Historical Context
The Current Account balance is closely monitored as it can impact exchange rates, capital flows, and a country's overall economic stability.
Key Facts
- The UK has run a current account deficit since the late 1990s.
- Services trade has helped offset the UK's goods trade deficit in recent years.
- The current account deficit widened to 5.5% of GDP in 2022.
FAQs
Q: What does the Current Account in the United Kingdom measure?
A: The Current Account measures the difference between the value of the UK's imports and exports of goods, services, and capital. It provides insights into the country's trade balance and international economic position.
Q: Why is the Current Account trend relevant for users or analysts?
A: The Current Account balance is a key economic indicator used by policymakers, investors, and analysts to assess the UK's international competitiveness, capital flows, and overall economic stability.
Q: How is the Current Account data collected or calculated?
A: The data is collected and calculated by the UK Office for National Statistics based on international transactions.
Q: How is the Current Account trend used in economic policy?
A: Policymakers monitor the Current Account balance as it can impact exchange rates, trade flows, and a country's overall economic performance. It informs decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations to the Current Account data?
A: The Current Account data is typically published quarterly by the UK Office for National Statistics, with a slight delay to allow for data collection and compilation.
Related Trends
Citation
U.S. Federal Reserve, Current Account in the United Kingdom (CALUKA), retrieved from FRED.