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 September of 2021.

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

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.40 4.50 -10.80 1980 - 2020 percent of GDP Yearly

Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade -64170.76 219414.85 419439.33 -246914.83 HUF Million [+]
Current Account -775.00 177.30 1751.59 -2472.45 EUR Million [+]
Current Account to GDP 0.00 -0.40 4.50 -10.80 percent of GDP [+]
Imports 3440098.74 3456193.01 3716331.81 27000.00 HUF Million [+]
Exports 3375927.98 3675607.86 4038076.76 26300.00 HUF Million [+]
External Debt 114380.44 107561.38 144792.66 15620.59 EUR Million [+]
Terms of Trade 97.05 97.69 104.50 96.04 points [+]
Capital Flows 216.00 1413.10 4965.30 -2846.60 EUR Million [+]
Foreign Direct Investment 1606.50 393.10 4256.60 -15036.60 EUR Million [+]
Remittances 249.90 253.50 450.70 57.00 EUR Million [+]
Gold Reserves 94.49 94.49 94.49 0.00 Tonnes [+]
Terrorism Index 0.55 0.18 2.32 0.00 [+]
Crude Oil Production 18.00 17.00 46.00 9.00 BBL/D/1K [+]


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.