Hungary’s current account deficit declined to EUR 0.23 billion in the third quarter of 2019 from EUR 0.59 billion a year earlier. The goods account deficit narrowed to EUR 1.12 billion from EUR 1.32 billion in Q3 2018, and the primary income gap decreased slightly to EUR 1.30 billion from EUR 1.34 billion. In addition, the services surplus rose to EUR 2.49 billion from EUR 2.21 billion in the same period 2018. Meanwhile, the secondary income deficit widened to EUR 0.30 billion from EUR 0.13 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.

Current Account in Hungary is expected to be -290.00 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 440.00 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.

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Hungary Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-230.10 -53.10 1751.60 -2472.40 1990 - 2019 EUR Million Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-25 07:30 AM Q4 €-0.35B €-0.24B €-0.111B € -0.10B
2019-06-21 06:30 AM Q1 €0.33B €-0.43B €-0.111B €0.36B
2019-09-20 06:30 AM Q2 €-0.12B €0.06B €-0.32B
2019-12-20 07:30 AM Q3 €-0.23B €-0.05B €-0.29B
2020-03-23 07:30 AM Q4 €-0.23B € -0.29B


News Stream
2019-09-20
Hungary Current Account Swings to Deficit in Q2
Hungary posted a current account deficit of EUR 0.12 billion in the second quarter of 2019, swinging from a EUR 0.3 billion surplus in the same period a year earlier. The goods account switched to EUR 0.40 billion gap from EUR 0.09 billion surplus in Q2 2018 and the secondary income deficit widened to EUR 0.25 billion from EUR 0.24 billion. Meantime, the primary income gap narrowed slightly to EUR 1.61 billion from EUR 1.62 billion and the services surplus rose to EUR 2.13 billion from EUR 2.07 billion.

2019-06-21
Hungary Current Account Surplus Narrows in Q1
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.

2019-03-25
Hungary Current Account Swings to Deficit in Q4
Hungary posted a current account deficit of EUR 0.35 billion in the fourth quarter of 2018, compared to a EUR 0.25 billion surplus in the same period a year earlier, as the goods account shifted to a EUR 0.52 billion gap from a EUR 0.23 billion surplus. Also, the secondary income deficit widened to EUR 0.32 billion from EUR 0.26 billion a year earlier, while the primary income gap narrowed to EUR 1.20 billion from EUR 1.33 million and the services surplus increased to EUR 1.68 billion from EUR 1.62 billion. Considering 2018 full year, the current account surplus narrowed sharply to EUR 0.64 billion from EUR 3.45 billion in 2017.


Hungary Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 168000.00 158048.06 361431.63 -246914.83 HUF Million [+]
Current Account -230.10 -53.10 1751.60 -2472.40 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2986335.98 3193240.64 3193240.64 27000.00 HUF Million [+]
Exports 3154451.21 3351288.69 3351288.69 26300.00 HUF Million [+]
External Debt 108861.92 110907.05 144792.66 15620.59 EUR Million [+]
Terms of Trade 101.81 101.91 104.34 96.04 points [+]
Capital Flows 166.40 1339.00 4965.30 -2846.60 EUR Million [+]
Foreign Direct Investment -844.90 1749.80 4256.60 -15036.60 EUR Million [+]
Remittances 238.80 252.90 385.40 57.00 EUR Million [+]
Gold Reserves 31.51 31.51 31.51 0.00 Tonnes [+]
Terrorism Index 0.18 0.36 2.32 0.00 [+]
Crude Oil Production 17.00 19.00 46.00 11.00 BBL/D/1K [+]