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Current Account Deficits (Balance of Payments)

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 4 Apr 2018

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This topic video looks at the structural and cyclical causes of current account deficits and also why a current account deficit can matter for an economy.

The current account balance for the UK (which includes trade, investment and financial transfers) was 4.1% of GDP in 2017, down from 5.8% of GDP in 2016.

The current account balance for the UK (which includes trade, investment and financial transfers) was 4.1% of GDP in 2017, down from 5.8% of GDP in 2016.

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