Hungary recorded a Current Account deficit of 0.80 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Hungary averaged -2.93 percent from 1980 until 2019, reaching an all time high of 6.10 percent in 2016 and a record low of -10.80 percent 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 May of 2021.

Current Account to GDP in Hungary is expected to reach -0.50 percent 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 in 2022 and -0.20 percent in 2023, according to our econometric models.

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Hungary Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 0.40 6.10 -10.80 1980 - 2019 percent Yearly

Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 371842.72 304367.43 419439.33 -246914.83 HUF Million [+]
Current Account 184.62 666.56 1751.59 -2472.45 EUR Million [+]
Current Account to GDP -0.80 0.40 6.10 -10.80 percent [+]
Imports 3654065.21 3167032.86 3654065.21 27000.00 HUF Million [+]
Exports 4025907.92 3471400.29 4025907.92 26300.00 HUF Million [+]
External Debt 106742.32 109285.29 144792.66 15620.59 EUR Million [+]
Terms of Trade 100.00 101.25 104.50 96.04 points [+]
Capital Flows 1502.30 1373.80 4965.30 -2846.60 EUR Million [+]
Foreign Direct Investment 1606.50 393.10 4256.60 -15036.60 EUR Million [+]
Remittances 253.50 249.70 450.70 57.00 EUR Million [+]
Gold Reserves 31.51 31.51 31.51 0.00 Tonnes [+]
Terrorism Index 0.55 0.18 2.32 0.00 [+]
Crude Oil Production 16.00 15.00 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.