A Nat West Markets report published this week has an excellent section on
average trade balances for the UK in goods and services over the last five
years. The data might be useful for those teaching the balance of payments
with A Level and GCSE groups.
Average trade balances 1994-1998 (£bn)
Goods -13.7
Services 9.8
Goods & services -3.9
Investment income 9.8
Transfers -5.4
Current account 0.4
Services
Transport -1.3
Travel -3.8
Communications -0.3
Construction 0.1
Insurance 2.0
Financial services 5.1
Computer and IT 0.7
Royalties & licence fees 0.3
Other busines services 7.4
Personal, cultural & recreational 0.3
Government services -0.8
Sorry that I couldn't produce this data in Powerpoint format (!)
Geoff
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RGS Economics: http://dspace.dial.pipex.com/geoff.riley/
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