Hungary's current account deficit increased to EUR 4.34 billion in the fourth quarter of 2022 from EUR 3.30 billion in the same quarter of the previous year. It was the seventh consecutive period of negative reading, as the goods account gap expanded to EUR 4.35 billion from EUR 2.59 billion a year earlier, and the secondary income gap grew to EUR 0.44 billion from EUR 0.29 billion in Q4 of 2021. At the same time, the primary income deficit inched down to EUR 1.47 billion from EUR 1.60 billion, and the services surplus advanced to EUR 1.93 billion from EUR 1.18 billion. For the whole year of 2022, the current account deficit jumped to EUR 13.72 billion from EUR 6.25 billion in 2021. source: National Bank of Hungary
Current Account in Hungary averaged -590.99 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 -4538.80 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 June of 2023.
Current Account in Hungary is expected to be -1700.00 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 -1680.00 EUR Million in 2024 and -1200.00 EUR Million in 2025, according to our econometric models.