Hungary’s current account deficit increased to EUR 0.78 billion in the fourth quarter of 2019 from EUR 0.75 billion gap a year earlier. The goods account deficit widened to EUR 1.11 billion from EUR 0.60 billion gap in Q4 2018, while the services surplus fell to EUR 1.73 billion from EUR 1.80 billion surplus in the same period 2018. Meantime, the primary income gap declined to EUR 1.20 billion from EUR 1.36 billion, and the secondary income deficit dropped to EUR 0.20 billion from EUR 0.60 billion a year earlier. For full year 2019, the current account deficit widened sharply to EUR 1.22 billion from EUR 0.02 billion a year earlier.
Current Account in Hungary averaged -474.72 EUR Million from 1990 until 2019, reaching an all time high of 1751.60 EUR Million in the third quarter of 2016 and a record low of -2472.40 EUR Million in the second quarter of 2004. This page provides the latest reported value for - Hungary Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Current Account in Hungary is expected to be 440.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Hungary to stand at -180.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -200.00 EUR Million in 2021, according to our econometric models.