Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Teaching activity

Data Starter: UK current account on Balance of Payments

Elizabeth Veal

26th November 2024

Share this content:

How big was the UK's current account deficit in 2023?

Click on the Trading Economics 25 year chart and then answer these questions:

  1. Identify the years when the UK had the smallest and largest annual current account deficit as a % of GDP in the last 25 years.
  2. If the UK’s GDP in 2023 was £2,687 billion, calculate the current account deficit in £s for 2023.
  3. The ONS has the UK’s current account deficit as –2.0% of GDP and £53.3bn for 2023 in its Pink Book. Do you think this is a more or less reliable source of data than Trading Economics?

Download our suggested answers for this resource here

Sign in to download

or create a free account

Share this content:

Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.

You might also like

Data Starter: Country shares of Men’s World Cup 2026 money

4th September 2026

Data Starter: Monthly salary in major cities, 2026

11th August 2026

Data Starter: UK international trade with EU and non-EU countries

14th July 2026

Data Starter: Emissions-weighted carbon price, 2025

9th July 2026

Data Starter: Tax revenue as a % of GDP, 2024 (OECD)

7th July 2026

Data Starter: The EU’s biggest trading-in-goods partners, Q1, 2026

3rd July 2026

Data Starter: UK business confidence 2021-2026

30th June 2026

Data Starter: UK GDP growth 2024-2026

26th June 2026