Services 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: Services balance (credit less debit), Net (credits less debits) was 247.50 billion in 2024. ▲ Rising
Services 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 247.50 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
The figure is up 11.1% on the previous year and up 58.6% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in United Kingdom of Great Britain and Northern Ireland peaked at 247.50 billion in 2024 and was at its lowest, 80.33 billion, in 2005.
That places United Kingdom of Great Britain and Northern Ireland 2nd out of 197 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 80.33 billion | — |
| 2006 | 100.59 billion | +25.2% |
| 2007 | 127.36 billion | +26.6% |
| 2008 | 126.45 billion | -0.7% |
| 2009 | 109.15 billion | -13.7% |
| 2010 | 114.98 billion | +5.3% |
| 2011 | 145.59 billion | +26.6% |
| 2012 | 151.09 billion | +3.8% |
| 2013 | 155.90 billion | +3.2% |
| 2014 | 156.06 billion | +0.1% |
| 2015 | 147.00 billion | -5.8% |
| 2016 | 137.39 billion | -6.5% |
| 2017 | 144.18 billion | +4.9% |
| 2018 | 148.92 billion | +3.3% |
| 2019 | 145.60 billion | -2.2% |
| 2020 | 179.48 billion | +23.3% |
| 2021 | 215.99 billion | +20.3% |
| 2022 | 199.86 billion | -7.5% |
| 2023 | 222.87 billion | +11.5% |
| 2024 | 247.50 billion | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 108.78 billion | 80.33 billion | 127.36 billion | 5 |
| 2010s | 144.67 billion | 114.98 billion | 156.06 billion | 10 |
| 2020s | 213.14 billion | 179.48 billion | 247.50 billion | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More financial sector data for United Kingdom of Great Britain and Northern Ireland
- Total reserves in months of imports, annual growth rate 17.33 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 14.8 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0226 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,301 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 9.46 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,795 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 16.91 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,253 SDR per person (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in United Kingdom of Great Britain and Northern Ireland?
- Services balance (credit less debit), net (credits less debits) in United Kingdom of Great Britain and Northern Ireland was 247.50 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 247.50 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 80.33 billion in 2005.
- How does United Kingdom of Great Britain and Northern Ireland rank for services balance (credit less debit), net (credits less debits)?
- United Kingdom of Great Britain and Northern Ireland ranks 2nd out of 197 countries with data for 2024.
- Is services 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 up 58.6%. The long-run trend across the full record is rising.
- 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 Services 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.