Hungary posted a current account deficit of EUR 2.35 billion in the first quarter of 2022, shifting from a surplus of EUR 0.37 billion in the same quarter of the previous year, compared with market consensus of a EUR 2.32 billion gap. It was the fourth straight quarter of deficit in current account, as the goods account recorded a deficit of EUR 2.46 billion, switching from a surplus of EUR 1.20 billion a year earlier and the secondary income gap went up to EUR 0.32 billion from EUR 0.25 billion, while the primary income gap declined to EUR 0.78 billion from EUR 1.27 billion in Q1 of 2021. Meantime, the services surplus widened to EUR 1.20 billion from EUR 0.69 billion in Q1 of 2021. source: National Bank of Hungary

Current Account in Hungary averaged -503.07 EUR Million from 1990 until 2022, reaching an all time high of 1751.59 EUR Million in the third quarter of 2016 and a record low of -2472.45 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 July of 2022.

Current Account in Hungary is expected to be -1200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Current Account is projected to trend around 200.00 EUR Million in 2023 and 150.00 EUR Million in 2024, according to our econometric models.

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Hungary Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-23 07:30 AM Q4 €-2.452B €-2.148B €-2.5B
2022-06-22 06:30 AM Q1 €-2.345B €-2.357B €-2.32B €-2.2B
2022-09-22 06:30 AM Q2 €-2.345B


Related Last Previous Unit Reference
Current Account -2345.00 -2357.00 EUR Million Mar 2022
External Debt 134996.61 126849.82 EUR Million Mar 2022
Capital Flows -613.20 443.80 EUR Million Mar 2022
Foreign Direct Investment 2102.80 -55.20 EUR Million Sep 2021
Remittances 200.80 206.10 EUR Million Sep 2021

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).
Actual Previous Highest Lowest Dates Unit Frequency
-2345.00 -2357.00 1751.59 -2472.45 1990 - 2022 EUR Million Quarterly

News Stream
Hungary Q1 Current Account Swings to Deficit
Hungary posted a current account deficit of EUR 2.35 billion in the first quarter of 2022, shifting from a surplus of EUR 0.37 billion in the same quarter of the previous year, compared with market consensus of a EUR 2.32 billion gap. It was the fourth straight quarter of deficit in current account, as the goods account recorded a deficit of EUR 2.46 billion, switching from a surplus of EUR 1.20 billion a year earlier and the secondary income gap went up to EUR 0.32 billion from EUR 0.25 billion, while the primary income gap declined to EUR 0.78 billion from EUR 1.27 billion in Q1 of 2021. Meantime, the services surplus widened to EUR 1.20 billion from EUR 0.69 billion in Q1 of 2021.
2022-06-22
Hungary Q4 Current Account Gap Largest Since 2004
Hungary's current account deficit widened to EUR 2.45 billion in the fourth quarter of 2021 from EUR 0.21 billion in the same quarter of the previous year. It was the third straight quarter of deficit in current account, and the largest gap since the second quarter of 2004 as the goods recorded a deficit of EUR 2.14 billion, shifting from a surplus of EUR 0.01 billion a year earlier, and the primary income gap increased to EUR 1.24 billion from EUR 0.95 billion in Q4 of 2020, while the secondary income gap went up to EUR 0.32 billion from EUR 0.13 billion a year earlier. Meantime, the services surplus widened to EUR 1.24 billion from EUR 0.86 billion in Q4 of 2020. Considering 2021 full year, the country's current account posted a surplus of EUR 0.37 billion, switching from a deficit of EUR 1.56 billion in 2020. For 2022, the central bank expects the current account remaining in a deficit worth 2.5%-3.4% of GDP.
2022-03-23
Hungary Current Account Gap Largest in 13 Years
Hungary posted a current account deficit of EUR 2.26 billion in the third quarter of 2021, shifting from a surplus of EUR 0.30 billion in the same quarter of the previous year, and compared with market consensus of a 1.7 billion gap. It was the largest current account deficit since the fourth quarter of 2008 as the goods deficit jumped to EUR 2.40 billion from EUR 0.12 billion a year earlier, and the primary income gap increased to EUR 1.38 billion from EUR 0.97 billion in Q3 of 2020. Meantime, the services surplus inched up to EUR 1.57 billion from EUR 1.41 billion in Q3 of 2020, while the secondary income gap declined slightly to EUR 0.06 billion from EUR 0.09 billion a year earlier. For 2022, the central bank expects the current remaining in a deficit worth 2.5%-3.4% of GDP after a 3.0-3.4% of GDP shortfall this year, but then start narrowing in 2023.
2021-12-21