Hungary recorded a Current Account deficit of 0 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Hungary averaged -2.95 percent of GDP from 1980 until 2020, reaching an all time high of 4.50 percent of GDP in 2016 and a record low of -10.80 percent of GDP in 1993. This page provides - Hungary Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Current Account to GDP - values, historical data and charts - was last updated on January of 2022.

Current Account to GDP in Hungary is expected to reach -0.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Current Account to GDP is projected to trend around -0.40 percent of GDP in 2022 and -0.20 percent of GDP in 2023, according to our econometric models.

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Hungary Current Account to GDP


Related Last Previous Unit Reference
Current Account to GDP 0.00 -0.40 percent of GDP Dec/20
Hungary Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.