Hungary posted a current account surplus of EUR 184.6 million in the fourth quarter of 2020, swinging from a EUR 807 million deficit in the same quarter of the previous year. The goods account switched to a EUR to EUR 308 million surplus from a EUR 1212 million gap a year earlier. On the other hand, the services surplus narrowed to EUR 624.1 million from EUR 1.44 billion. Meanwhile the primary income gap declined to EUR 632.7 million from EUR 990.1 million, while the secondary income gap increased to 114.6 million from EUR 53.2 million in Q4 2019. source: National Bank of Hungary

Current Account in Hungary averaged -449.04 EUR Million from 1990 until 2020, 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 May of 2021.

Current Account in Hungary is expected to be 40.00 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 -100.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -100.00 EUR Million in 2022 and -200.00 EUR Million in 2023, according to our econometric models.

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Hungary Current Account

Actual Previous Highest Lowest Dates Unit Frequency
184.62 666.56 1751.59 -2472.45 1990 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 06:30 AM Q1 €0.002B €-0.78B €0.188B € 0.1B
2020-09-21 06:30 AM Q2 €-0.85B €0.32B €-1.24B € -0.35B
2020-12-21 07:30 AM Q3 €0.752B €-0.69B €0.125B € 0.10B
2021-03-23 07:30 AM Q4 €0.18B €0.67B €0.5B €0.4B
2021-06-21 06:30 AM Q1 €0.18B
2021-09-20 06:30 AM Q2
2021-12-21 07:30 AM Q3


News Stream
Hungary Q4 Current Account Swings to Surplus
Hungary posted a current account surplus of EUR 184.6 million in the fourth quarter of 2020, swinging from a EUR 807 million deficit in the same quarter of the previous year. The goods account switched to a EUR 308 million surplus from a EUR 1212 million gap a year earlier. On the other hand, the services surplus narrowed to EUR 624.1 million from EUR 1.44 billion. Meanwhile the primary income gap declined to EUR 632.7 million from EUR 990.1 million, while the secondary income gap increased to 114.6 million from EUR 53.2 million in Q4 2019.
2021-03-23
Hungary Current Account Swings to Surplus
Hungary current account posted a EUR 752 million surplus in the third quarter of 2020 compared to a EUR 345 million gap a year earlier. It is the biggest current account surplus since the second quarter of 2017. Considering the first three quarter of 2020, the current account recorded a surplus of EUR 366 million.
2020-12-21
Hungary Current Account Swings to Deficit in Q2
Hungary posted a current account deficit of EUR 0.85 billion in the second quarter of 2020, swinging from a EUR 0.45 billion surplus in the same quarter of the previous year but better than market consensus of 1.24 billion gap. The goods account deficit increased to EUR 0.79 billion from EUR 0.36 billion a year earlier and the secondary income gap rose to EUR 0.23 billion from EUR 0.04 billion in the second quarter 2019, while the services surplus narrowed sharply to EUR 0.65 billion from EUR 2.13 billion in the same period 2019. Meantime, the primary income gap declined to EUR 0.48 billion from EUR 1.28 billion.
2020-09-21
Hungary Q1 Current Account Swings to Surplus
Hungary posted a current account surplus of EUR 2.4 million in the first quarter of 2020, swinging from a EUR 117.9 million gap in the same quarter of the previous year. This was the first current account surplus since the second quarter of 2019, as the primary income gap narrowed sharply to EUR 0.87 billion from EUR 1.17 billion, and the secondary income deficit dropped to EUR 0.40 billion from EUR 0.54 billion a year earlier. On the other hand, the services surplus decreased slightly to EUR 1.46 billion from EUR 1.70 billion in the same period 2019, while the goods account deficit increased to EUR 0.18 billion from EUR 0.11 billion in Q1 2019.
2020-06-22

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).