Goods balance (credit less debit), Net (credits less debits) (US) in United Kingdom
United Kingdom: Goods balance (credit less debit), Net (credits less debits) (US) was -288.73 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in United Kingdom, 2005–2024
Source: International Monetary Fund.
Analysis
United Kingdom recorded -288.73 billion for goods balance (credit less debit), net (credits less debits) in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 11.4% on the previous year and down 34.0% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in United Kingdom peaked at -134.69 billion in 2005 and was at its lowest, -288.73 billion, in 2024.
United Kingdom ranks 197th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in United Kingdom, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -134.69 billion | — |
| 2006 | -151.55 billion | +12.5% |
| 2007 | -187.36 billion | +23.6% |
| 2008 | -178.64 billion | -4.7% |
| 2009 | -139.33 billion | -22.0% |
| 2010 | -153.92 billion | +10.5% |
| 2011 | -166.80 billion | +8.4% |
| 2012 | -177.90 billion | +6.7% |
| 2013 | -195.69 billion | +10.0% |
| 2014 | -215.42 billion | +10.1% |
| 2015 | -191.42 billion | -11.1% |
| 2016 | -188.19 billion | -1.7% |
| 2017 | -180.10 billion | -4.3% |
| 2018 | -188.50 billion | +4.7% |
| 2019 | -185.43 billion | -1.6% |
| 2020 | -165.64 billion | -10.7% |
| 2021 | -222.97 billion | +34.6% |
| 2022 | -258.72 billion | +16.0% |
| 2023 | -259.12 billion | +0.2% |
| 2024 | -288.73 billion | +11.4% |
United Kingdom compared with similar countries
- United Kingdom's -288.73 billion is below the median for high income countries, which is -810.36 million, 356.3× the median. (72 countries reporting)
- United Kingdom's -288.73 billion is below the median for Europe & Central Asia, which is -3.17 billion, 91.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -158.31 billion | -187.36 billion | -134.69 billion | 5 |
| 2010s | -184.34 billion | -215.42 billion | -153.92 billion | 10 |
| 2020s | -239.03 billion | -288.73 billion | -165.64 billion | 5 |
Countries ranked near United Kingdom
- 194 France -65.03 billion compare
- 195 Philippines -68.86 billion compare
- 196 India -279.76 billion compare
- 198 United States -1.22 trillion compare
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 goods balance (credit less debit), net (credits less debits) in United Kingdom?
- Goods balance (credit less debit), net (credits less debits) in United Kingdom was -288.73 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in United Kingdom?
- The highest recorded value was -134.69 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in United Kingdom?
- The lowest recorded value was -288.73 billion in 2024.
- How does United Kingdom rank for goods balance (credit less debit), net (credits less debits)?
- United Kingdom ranks 197th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in United Kingdom?
- Over the last ten years it is down 34.0%. The long-run trend across the full record is falling.
- Where does this United Kingdom data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.