Current Account

Question 1

What is the UK’s 2025 current account deficit

Answer 1

Q4 2024: The UK’s current account deficit widened to £21.0 billion, equivalent to 2.9% of GDP, up from £12.5 billion (1.7% of GDP) in Q3 2024. ​

Annual 2024: The total current account deficit for 2024 was £76 billion, or 2.7% of GDP, an improvement from £95 billion (3.5% of GDP) in 2023.

Question 2

Which countries receive a lot of money through remittances

Answer 2

-India
-China
-Nigeria
-Mexico