Connect with us


BoP Current Account Balance SA

 1 min read / 


Share this chart

Editor’s Remarks:
The UK’s Office for National Statistics publishes the latest Balance of Payments figures this week, updating them to November 2016. The balance on the current account – which tells us whether a country has a trade deficit or a trade surplus – has been the subject of some focus in the context of Brexit given the pointed relevance of the UK’s trade mettle to debates over its future trading relationship with the EU. The UK has not run a trade surplus for over thirty years, though whether this matters depends on a host of economic arguments. Economists and politicians are nonetheless closely watching this year’s figures to get a picture of how the pound’s depreciation, among other consequences of the referendum, are affecting British trade.

Have your say. Sign up now to become an Author!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend