Forex Reduce Deficit Of Balance Of Payments

Forex reduce deficit of balance of payments


The UK current account deficit narrowed by £8.3 billion to £15.9 billion in Quarter 3 (July to Sept) 2019, or 2.8% of gross domestic product (GDP), the lowest in percentage terms since Quarter 1 (Jan to Mar) 2012 when a deficit equivalent to 2.6% GDP was recorded.

Forex reduce deficit of balance of payments

The large narrowing to the current account deficit was primarily because of a narrowing to the total trade deficit of £10.5 billion to £0.4 billion, or 0.1% of GDP, the lowest since Quarter 1 1998 when a deficit of £0.2 billion was recorded.

The primary income deficit widened by £2.2 billion to £8.7 billion, or 1.6% of GDP in Quarter 3 2019, because ...

Balance of payments: Current account - Foreign exchange and trade - Macroeconomics - Khan Academy

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