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.

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Hungary Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-09-22 06:45 AM Q2 €-2.63B €-2.467B €-2.1B
2022-12-22 07:30 AM Q3 €-4.469B €-2.646B €-4.5B €-4.7B
2023-03-28 06:30 AM Q4 €-4.469B € -0.4B


Related Last Previous Unit Reference
Balance of Trade -1283.00 -923.02 EUR Million Nov 2022
Current Account -4468.50 -2645.90 EUR Million Sep 2022
Imports 14415.00 13374.50 EUR Million Nov 2022
Exports 13132.00 12365.13 EUR Million Nov 2022
External Debt 141849.99 137832.25 EUR Million Sep 2022
Foreign Direct Investment 3534.70 2102.90 EUR Million Sep 2022
Capital Flows -5235.90 -1711.50 EUR Million Sep 2022
Remittances 338.10 371.10 EUR Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-4468.50 -2645.90 1751.59 -4468.50 1990 - 2022 EUR Million Quarterly

News Stream
Hungary Current Account Gap Hits Record High
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.
2022-12-22
Hungary Current Account Gap Widens in Q2
Hungary's current account deficit widened to EUR 2.63 billion in the second quarter of 2022 from EUR 1.18 billion in the same quarter of the previous year, compared with market consensus of a EUR 2.1 billion gap. It was the fifth straight quarter of deficit in current account, as the goods account deficit increased to EUR 2.83 billion from EUR 0.67 billion a year earlier and the primary income gap rose to EUR 1.31 billion from EUR 1.25 billion in Q2 of 2021. Meantime, the services surplus widened to EUR 1.90 billion from EUR 1.40 billion in Q2 of 2021, while the secondary income gap went down to EUR 0.39 billion from EUR 0.66 billion a year earlier.
2022-09-22
Hungary Q1 Current Account Swings to Deficit
Hungary posted a current account deficit of EUR 2.35 billion in the first quarter of 2022, shifting from a surplus of EUR 0.37 billion in the same quarter of the previous year, compared with market consensus of a EUR 2.32 billion gap. It was the fourth straight quarter of deficit in current account, as the goods account recorded a deficit of EUR 2.46 billion, switching from a surplus of EUR 1.20 billion a year earlier and the secondary income gap went up to EUR 0.32 billion from EUR 0.25 billion, while the primary income gap declined to EUR 0.78 billion from EUR 1.27 billion in Q1 of 2021. Meantime, the services surplus widened to EUR 1.20 billion from EUR 0.69 billion in Q1 of 2021.
2022-06-22