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Data Starter: What has happened to the current account balance in the UK since 2022?

Elizabeth Veal

7th October 2025

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What was the trend in the current account balance on the Balance of Payments in the UK?

Using the chart from Trading Economics answer these questions:

  1. What are the key features of the current account balance trend since Q3 in 2022?
  2. Compare the largest current account surplus since 2022 to the largest current account deficit.

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Elizabeth Veal

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

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