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. source: National Bank of Hungary

Current Account in Hungary averaged -442.92 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 September of 2021.

Current Account in Hungary is expected to be 800.00 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

Actual Previous Highest Lowest Dates Unit Frequency
-775.00 177.30 1751.59 -2472.45 1990 - 2021 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 €0.54B €0.18B €0.4B
2021-09-20 06:30 AM Q2 €-0.78B €0.18B €-0.471B €-0.4B
2021-12-21 07:30 AM Q3 €-0.78B


News Stream
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 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
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).