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. source: National Bank of Hungary

Current Account in Hungary averaged -483.24 EUR Million from 1990 until 2021, 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 January of 2022.

Current Account in Hungary is expected to be 100.00 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 2022 and 150.00 EUR Million in 2023, according to our econometric models.

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Hungary Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-09-20 06:30 AM Q2 €-0.78B €0.18B €-0.471B €-0.4B
2021-12-21 07:30 AM Q3 €-2.263B €-0.600B €-1.7B €-1.3B
2022-03-23 07:30 AM Q4 €-2.263B


Related Last Previous Unit Reference
Current Account -2262.80 -599.80 EUR Million Sep/21
External Debt 127347.07 119474.17 EUR Million Sep/21
Capital Flows -1693.60 -946.80 EUR Million Sep/21
Foreign Direct Investment 1606.50 393.10 EUR Million Dec/20
Remittances 249.90 253.50 EUR Million Mar/21

News Stream
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
Hungary Current Account Gap Narrows in Q2
Hungary's current account deficit narrowed to EUR 0.78 billion in the second quarter of 2021 from EUR 1.56 billion in the same quarter of the previous year, but above market consensus of a 0.47 billion deficit, as the goods deficit declined to EUR 0.53 billion from EUR 0.83 billion a year earlier, while the services surplus jumped to EUR 1.37 billion from EUR 0.37 billion in Q2 of 2020. On the other hand, the secondary income gap widened to EUR 0.42 billion from EUR 0.26 billion in Q2 of 2020 while the primary income gap increased to EUR 1.20 billion from EUR 0.83 billion a year earlier.
2021-09-20
Hungary Current Account Surplus Widens in Q1
Hungary's current account surplus widened to EUR 540.8 million in the first quarter of 2021 from EUR 200.2 million in the same quarter of the previous year, as the goods account switched to a EUR 1,214 million surplus from a EUR 240.7 million gap a year earlier, while the secondary income gap declined to 331.2 million from EUR 379.2 million in Q1 2020. On the other hand, the services surplus narrowed to EUR 639.7 million from EUR 1,346.9 million, while the primary income gap increased to EUR 981.7 million from EUR 526.7 million.
2021-06-21

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).