Balance Of Payments UK July To September 2024

23rd December 2024

The underlying UK current account deficit excluding precious metals widened to £20.0 billion, or 2.8% of gross domestic product (GDP), in Quarter 3 (July to Sept) 2024; this is a change of £2.1 billion from the previous quarter.

The UK current account deficit, when trade in precious metals is included, narrowed by £5.9 billion to £18.1 billion, or 2.5% of GDP in Quarter 3 2024.

The total trade deficit, excluding precious metals, expanded slightly to £6.8 billion, as the goods deficit narrowed to £51.2 billion and the services surplus decreased to £44.4 billion.

The primary income account deficit widened to £10.5 billion, or 1.5% of GDP in Quarter 3 2024.

Net financial flows increased by £3.3 billion from the previous quarter, with the UK recording a net inflow of £19.1 billion in Quarter 3 2024.

The preliminary estimate of the UK's net international investment liability position on 30 September 2024 widened to £836.7 billion from £732.7 billion as of 30 June 2024.

Rad h full ONS report HERE