Current account balance (credit less debit), Net (credits less) in United Kingdom
United Kingdom: Current account balance (credit less debit), Net (credits less) was -96.63 billion in 2024. ▬ Flat
Current account balance (credit less debit), Net (credits less debits) in United Kingdom, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in United Kingdom is -96.63 billion, measured in 2024.
That represents a change of up 18.4% on the previous year and up 37.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in United Kingdom peaked at -13.85 billion in 2021 and was at its lowest, -153.59 billion, in 2014.
United Kingdom ranks 197th of 198 countries on this measure, in the bottom quarter.
Current account balance (credit less debit), Net (credits less) in United Kingdom, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -50.39 billion | — |
| 2006 | -84.56 billion | +67.8% |
| 2007 | -115.38 billion | +36.4% |
| 2008 | -113.85 billion | -1.3% |
| 2009 | -73.33 billion | -35.6% |
| 2010 | -68.89 billion | -6.1% |
| 2011 | -43.45 billion | -36.9% |
| 2012 | -85.20 billion | +96.1% |
| 2013 | -129.53 billion | +52.0% |
| 2014 | -153.59 billion | +18.6% |
| 2015 | -144.83 billion | -5.7% |
| 2016 | -147.87 billion | +2.1% |
| 2017 | -93.75 billion | -36.6% |
| 2018 | -112.62 billion | +20.1% |
| 2019 | -76.56 billion | -32.0% |
| 2020 | -79.78 billion | +4.2% |
| 2021 | -13.85 billion | -82.6% |
| 2022 | -70.96 billion | +412.3% |
| 2023 | -118.35 billion | +66.8% |
| 2024 | -96.63 billion | -18.4% |
United Kingdom compared with similar countries
- United Kingdom's -96.63 billion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
- United Kingdom's -96.63 billion is below the median for Europe & Central Asia, which is -449.44 million, 215.0× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -412.3% | -13.85 billion | -70.96 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -87.50 billion | -115.38 billion | -50.39 billion | 5 |
| 2010s | -105.63 billion | -153.59 billion | -43.45 billion | 10 |
| 2020s | -75.92 billion | -118.35 billion | -13.85 billion | 5 |
Countries ranked near United Kingdom
More financial sector data for United Kingdom
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in United Kingdom?
- Current account balance (credit less debit), net (credits less debits) in United Kingdom was -96.63 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in United Kingdom?
- The highest recorded value was -13.85 billion in 2021.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in United Kingdom?
- The lowest recorded value was -153.59 billion in 2014.
- How does United Kingdom rank for current account balance (credit less debit), net (credits less debits)?
- United Kingdom ranks 197th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in United Kingdom?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is flat.
- Where does this United Kingdom data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.