Goods balance (credit less debit), Net (credits less debits) in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Goods balance (credit less debit), Net (credits less debits) was -288.73 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in United Kingdom of Great Britain and Northern Ireland, 2005–2024
Source: International Monetary Fund.
Analysis
United Kingdom of Great Britain and Northern Ireland 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 of Great Britain and Northern Ireland peaked at -134.69 billion in 2005 and was at its lowest, -288.73 billion, in 2024.
United Kingdom of Great Britain and Northern Ireland 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) in United Kingdom of Great Britain and Northern Ireland, 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% |
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 of Great Britain and Northern Ireland
- 194 France -65.03 billion compare
- 195 Philippines -68.86 billion compare
- 196 India -279.76 billion compare
- 198 United States of America -1.22 trillion compare
More financial sector data for United Kingdom of Great Britain and Northern Ireland
- Net domestic credit (current LCU), per capita 56,096 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.05 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.27 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 349.16 million SDR (2025)
- Gold reserves at market value 31.82 billion SDR (2025)
- Reserves excluding gold, foreign exchange 90.39 billion SDR (2025)
- Reserves excluding gold 124.70 billion SDR (2025)
- Total reserves (gold at market value) 156.52 billion SDR (2025)
- Total reserves (gold at national valuation) 156.28 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,249 SDR per person (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in United Kingdom of Great Britain and Northern Ireland?
- Goods balance (credit less debit), net (credits less debits) in United Kingdom of Great Britain and Northern Ireland 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 of Great Britain and Northern Ireland?
- 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 of Great Britain and Northern Ireland?
- The lowest recorded value was -288.73 billion in 2024.
- How does United Kingdom of Great Britain and Northern Ireland rank for goods balance (credit less debit), net (credits less debits)?
- United Kingdom of Great Britain and Northern Ireland 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 of Great Britain and Northern Ireland?
- 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 of Great Britain and Northern Ireland 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.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.