Hungary’s current account surplus narrowed to EUR 0.33 billion in the first quarter of 2019 from a EUR 0.67 billion surplus in the same period a year earlier. The goods account surplus declined to EUR 0.15 billion from EUR 0.23 billion while the services surplus edged up to EUR 1.61 billion from EUR 1.58 billion. In addition, the secondary income deficit widened to EUR 0.40 billion from EUR 0.18 billion a year earlier and the primary income gap increased to EUR 1 billion from EUR 0.96 billion. Current Account in Hungary averaged -414.72 EUR Million from 1990 until 2018, reaching an all time high of 2181.33 EUR Million in the third quarter of 2016 and a record low of -2319.51 EUR Million in the fourth quarter of 2008.
Current Account in Hungary is expected to be 360.00 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 590.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -200.00 EUR Million in 2020, according to our econometric models.