|Unit||Mil. GBP, SA|
|Labor Force||Aug 2019||53,321||53,298||Ths. # 3-mo. MA, NSAAR||Monthly|
|Labor Force Employment||Aug 2019||32,693||32,777||Ths. # 3-mo. MA, SAAR||Monthly|
|Unemployment||Aug 2019||1,314||1,294||Ths. # 3-mo. MA, SA||Monthly|
|Unemployment Rate||Aug 2019||3.9||3.8||% 3-mo. MA, SA||Monthly|
|Wage & Salaries||2019 Q2||-159||-141||Mil. GBP, SA||Quarterly|
The UK balance of payments is a statistical statement designed to provide a systematic record of the UK's economic transactions with the rest of the world.
The Balance of Payments is one of the United Kingdom's key economic statistics. It measures the economic transactions between United Kingdom residents and the rest of the world. It also draws a series of balances between inward and outward transactions, provides an overall net flow of transactions between UK residents and the rest of the world and reports how that flow is funded.
Economic transactions include:
- exports and imports of goods such as oil, agricultural products, other raw materials, machinery and transport equipment, computers, white goods and clothing;
- exports and imports of services such as international transport, travel, financial and business services;
- income flows such as dividends and interest earned by non-residents on investments in the UK and by UK residents investing abroad;
- financial flows, such as investment in shares debt securities and loans; and
- transfers, which are offsetting entries to any one-sided transactions listed above, such as foreign aid and funds brought by migrants to the UK.
The data are predominantly derived from surveys conducted by the Office for National Statistics and the Bank of England, as well as directly reported data from other government departments (HM Treasury, HM Revenue & Customs) and from other suppliers such as the Bank for International Settlements and the European Investment Bank. Data for trade in goods are derived from information collected by HM Revenue & Customs.
Government departments and others use balance of payments estimates for the following:
Data is subject to revisions
More information can be found on: http://www.ons.gov.uk