Hungary's current account deficit widened sharply to EUR 4.47 billion in the third quarter of 2022 from EUR 2.70 billion in the same quarter of the previous year, compared with market consensus of a EUR 4.5 billion gap. It was the sixth straight quarter of deficit in current account, and the biggest gap since the series began in 1990, as the goods account deficit jumped to EUR 4.98 billion from EUR 2.63 billion a year earlier and the secondary income gap climbed to EUR 0.43 billion from EUR 0.29 billion in Q3 of 2021 while the primary income deficit edged up to EUR 1.49 billion from EUR 1.46 billion a year earlier. Meanwhile, the services surplus widened to EUR 2.43 billion from EUR 1.68 billion in Q3 of 2021. source: National Bank of Hungary
Current Account in Hungary averaged -562.70 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 -4468.50 EUR Million in the third quarter of 2022. 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 January of 2023.
Current Account in Hungary is expected to be -400.00 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.