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This updated revision video looks at the current account of the Balance of Payments, using data from the UK.
The UK current account which includes investment income and transfers as well as trade, saw a deficit of £95 billion in 2019
The UK current account deficit was 4.3% of GDP in 2019 compared with 3.7% in 2018.
It is over twenty years since the UK economy last ran a current account surplus
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