Titlebook: United Kingdom Balance of Payments 2006; The Pink Book John Bundey Book 2006 The Editor(s) (if applicable) and The Author(s) 2006

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Summary of balance of paymentshe last surplus was recorded in 1983, there have been three main phases in the development of the current account. In the first phase, from 1984 to 1989, the current account deficit increased steadily to reach a high of ￡26.3 billion in 1989 (equivalent to ?5.1 per cent of GDP); during the second ph

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Summary of balance of paymentsase, from 1990 until 1997, the current account deficit declined to a low of ￡0.8 billion in 1997; in the third phase, since 1998, the current account deficit has widened sharply. The deficit in 2005, at ￡26.6 billion, is the highest recorded in cash terms but only equates to ?2.2 per cent of GDP.

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ilable.Deals with one of the UK‘s key economic statistical s.The Pink Book. provides detailed estimates of the UK Balance of Payments for the last 11 years, including estimates for the current account, the capital account, the financial account and the International Investment Position. It includes

Lasting

years, including estimates for the current account, the capital account, the financial account and the International Investment Position. It includes a geographical breakdown of the current account of 63 countries.978-1-4039-9387-8978-1-349-99584-4

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Trade in goodsThe balance on trade in goods has shown a deficit in all but six years since 1900, with the value of imports exceeding the value of exports. The last surplus on trade in goods was recorded for 1982. In the period 1992 to 1997, the deficit settled into the range of ￡11 billion ? ￡14 billion before widening in every subsequent year.