"Figure 1: The UK’s current account deficit narrowed substantially in Quarter 1 2021 as imports and exports of goods demand fell","" "Contributions to the UK’s current account balance as a percentage of gross domestic product, Quarter 2 (Apr to June) 2018 to Quarter 1 (Jan to Mar) 2021","" "","" "Notes","1. Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec). 2. Sum of components may not sum to total because of rounding." "Unit","Percentage of GDP" "","" "period","Total secondary income ","Total primary income","Trade in services","Trade in goods","Current account","Current Account balance excluding precious metals" "2018 Q2","-1.1","-1.1","5.1","-6.3","-3.4","-3.1" "2018 Q3","-1.3","-1.1","5.3","-6.1","-3.3","-3.1" "2018 Q4","-1.2","-1.7","5.1","-6.9","-4.7","-4.7" "2019 Q1","-1.3","-0.5","4.5","-9.0","-6.3","-4.3" "2019 Q2","-1.2","-0.3","4.8","-6.5","-3.2","-3.0" "2019 Q3","-1.2","-1.1","4.5","-5.4","-3.2","-3.0" "2019 Q4","-1.1","-0.8","4.8","-2.7","0.3","-1.8" "2020 Q1","-1.1","-1.9","4.8","-5.2","-3.5","-3.4" "2020 Q2","-1.8","-3.7","5.4","-2.9","-3.0","-4.9" "2020 Q3","-0.9","-1.0","5.0","-5.7","-2.6","-2.6" "2020 Q4","-1.5","-0.9","5.2","-7.7","-4.8","-4.2" "2021 Q1","-0.7","-1.6","5.2","-5.3","-2.4","-2.3"