Hungary posted a current account deficit of EUR 0.12 billion in the second quarter of 2019, swinging from a EUR 0.3 billion surplus in the same period a year earlier. The goods account switched to EUR 0.40 billion gap from EUR 0.09 billion surplus in Q2 2018 and the secondary income deficit widened to EUR 0.25 billion from EUR 0.24 billion. Meantime, the primary income gap narrowed slightly to EUR 1.61 billion from EUR 1.62 billion and the services surplus rose to EUR 2.13 billion from EUR 2.07 billion. Current Account in Hungary averaged -474.72 EUR Million from 1990 until 2019, reaching an all time high of 1751.60 EUR Million in the third quarter of 2016 and a record low of -2472.40 EUR Million in the second quarter of 2004.

Current Account in Hungary is expected to be -290.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Hungary to stand at 440.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -200.00 EUR Million in 2020, according to our econometric models.

Hungary Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-20 07:30 AM Current Account Q3 €0.16B €0.93B €0.8B
2019-03-25 07:30 AM Current Account Q4 €-0.35B €-0.24B €-0.111B € -0.10B
2019-06-21 06:30 AM Current Account Q1 €0.33B €-0.43B €-0.111B €0.36B
2019-09-20 06:30 AM Current Account Q2 €-0.12B €0.06B €-0.32B
2019-12-20 07:30 AM Current Account Q3 €-0.12B €-0.29B


Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 91000.00 155094.56 361431.63 -246914.83 HUF Million [+]
Current Account -121.50 56.00 1751.60 -2472.40 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2835000.00 2713119.35 2991408.69 27000.00 HUF Million [+]
Exports 2926000.00 2868213.91 3077988.89 26300.00 HUF Million [+]
External Debt 109460.75 106219.70 142673.70 22026.90 EUR Million [+]
Terms of Trade 100.50 100.00 104.59 96.04 Index Points [+]
Capital Flows 1339.00 16.50 5007.70 -2908.00 EUR Million [+]
Foreign Direct Investment 1646.15 2900.06 4221.40 -15097.10 EUR Million [+]
Remittances 369.30 325.70 458.20 46.20 EUR Million [+]
Gold Reserves 31.51 31.50 31.51 0.00 Tonnes [+]
Terrorism Index 0.36 0.84 2.32 0.00 [+]
Crude Oil Production 19.00 19.00 46.00 11.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-121.50 56.00 1751.60 -2472.40 1990 - 2019 EUR Million Quarterly




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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