The UK Balance of Payments
in 2007
Tutor2u
April 2008
UK Balance of Trade in Goods
10
10
0
0
-10
-10
-20
-20
-30
-30
-40
-40
-50
-50
-60
-60
-70
-70
-80
-80
-90
-90
80
82
84
86
88
90
92
94
96
98
00
02
04
billions
GBP (billions)
Balance of exports minus imports of goods at current prices, £ billion
06
Source: Reuters EcoWin
UK Balance of Trade in Services
40
40
35
35
30
30
25
25
20
20
15
15
10
10
5
5
0
80
0
82
84
86
88
90
92
94
96
98
00
02
04
billions
GBP (billions)
Balance of exports minus imports of services, current prices, £ billion
06
Source: Reuters EcoWin
Components of the UK Balance of Payments
Annual balances for each component, £ billion
50
25
50
Investment income
0
0
Transfers
Current account
-25
-25
Trade in Goods
-50
-50
-75
-75
-100
-100
97
98
99
00
01
billions
£ Billion (billions)
25
Trade in Services
02
03
04
05
06
07
Source: Reuters EcoWin
United Kingdom Annual Balance of Trade in Oil
9
9
8
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1
0
0
-1
-1
-2
-2
-3
-3
-4
-4
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
04
billions
GBP (billions)
Billions of pounds
06
Source: Reuters EcoWin
United Kingdom Trade Balance with EU27
0.0
0.0
-0.5
-0.5
-1.0
-1.0
-1.5
-1.5
-2.0
-2.0
-2.5
-2.5
-3.0
-3.0
-3.5
-3.5
-4.0
-4.0
98
99
00
01
02
03
04
05
06
07
billions
GBP (billions)
Monthly balance of trade in goods and services, £ billion, seasonally adjusted
08
Source: Reuters EcoWin
Share of World Trade in Goods and Services
Percentage of world trade
22.0
22.0
20.0
20.0
18.0
18.0
Percent
Asian Emerging Nations (Inc China)
16.0
16.0
14.0
14.0
12.0
12.0
10.0
10.0
8.0
8.0
United Kingdom
6.0
6.0
4.0
4.0
2.0
2.0
0.0
0.0
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
Source: Reuters EcoWin