Dataset(s): UK Economic Accounts: balance of payments - current account

An error has been identified within the Trade in Services by country split and impacts tables B6, B6A, B6B, B6B_2, B6B_3, B6C, B6C_2, B6C_3 within the ‘UK Economic Accounts: balance of payments - current account’ publication tables as well as the corresponding time series. This was caused by a processing error within Trade and does not affect the whole world totals for Trade and the current account. This error has resulted in the below annual impacts: Trade in services for Russia; exports, imports and balance for 2015 and will indicatively increase by £1.0 billion for exports, £0.3 billion for imports and £0.7 billion for the balance. This will also impact total trade in goods and services and the total current account for Russia. Trade in services for USA, exports and balance for the years 2010 to 2018 and has indicative average change of £0.4 billion per year for exports and balance. This will also impact total trade in goods and services and the total current account for the USA. Trade in services for Hong Kong, exports and balance for 2012 and will indicatively decrease by £0.4 billion for exports and balance. This will also impact total trade in goods and services and the total current account for Hong Kong. Smaller impacts will also be seen for the other countries noted within these tables alongside the EU and EMU within the time period 1999 to 2018 for trade in services, total trade in goods and services and the total current account by country. Total trade in services and all other data in this release is not affected. The data has now been corrected we apologise for the inconvenience.

A minor processing error has been identified and corrected in the current account balance as a percentage of GDP data. The error affected 2017 and 2018 quarters up to and including 2018 Q3. The error was due to a processing issue and did not affect the underlying current account balance or GDP estimates or any other outputs within the release.

A minor error has been identified in Switzerland service exports. The error fed through to the below series and affects 2017 (quarters and annual) and Quarter 1 (Jan to Mar) 2018. The error was due to a processing issue and does not affect any other outputs within the release. All affected series have now been corrected. D38G in table B6B, Switzerland services exports, seasonally adjusted, D38F in table B6B, Switzerland goods and services exports, seasonally adjusted, D3N5 in table B6B, Switzerland total credits, seasonally adjusted, D39A in table B6B_3, Switzerland services balances, seasonally adjusted, D399 in table B6B_3, Switzerland goods and services balances, seasonally adjusted, D3N7 in table B6B_3, Switzerland current account balances, seasonally adjusted, FYVU in table B6C, Switzerland services exports, not seasonally adjusted, LGIL in table B6C, Switzerland goods and services exports, not seasonally adjusted, LEOY in table B6C, Switzerland total credits, not seasonally adjusted, GGRO in table B6C_3, Switzerland services balances, not seasonally adjusted, LGMV in table B6C_3, Switzerland goods and services balances, not seasonally adjusted, LEPA in table B6C_3, Switzerland current account balances, not seasonally adjusted.

A small error occurred in the UK Economic Accounts time series dataset due to incorrect data being published. We have corrected this error. You can see all previous versions of this data on the previous versions page. We apologise for any inconvenience.

The error previously announced regarding the seasonally adjusted component level of imports and balances of trade in services has now been corrected. Table F within the Balance of Payments release and table B3 within the UK Economic Accounts have now been updated, along with their respective time series data between Quarter 1 (Jan to Mar) 2012 and Quarter 4 (Oct to Dec) 2014. We apologise for any inconvenience.