Hungary posted a current account deficit of EUR 0.85 billion in the second quarter of 2020, swinging from a EUR 0.45 billion surplus in the same quarter of the previous year but better than market consensus of 1.24 billion gap. The goods account deficit increased to EUR 0.79 billion from EUR 0.36 billion a year earlier and the secondary income gap rose to EUR 0.23 billion from EUR 0.04 billion in the second quarter 2019, while the services surplus narrowed sharply to EUR 0.65 billion from EUR 2.13 billion in the same period 2019. Meantime, the primary income gap declined to EUR 0.48 billion from EUR 1.28 billion.

Current Account in Hungary averaged -465.81 EUR Million from 1990 until 2020, reaching an all time high of 1751.59 EUR Million in the third quarter of 2016 and a record low of -2472.45 EUR Million in the second quarter of 2004. 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 October of 2020.

Current Account in Hungary is expected to be -480.00 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 1100.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -100.00 EUR Million in 2021 and -200.00 EUR Million in 2022, according to our econometric models.

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Hungary Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-847.20 316.60 1751.59 -2472.45 1990 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-20 07:30 AM Q3 €-0.23B €-0.05B €-0.29B
2020-03-23 07:30 AM Q4 €-0.78B €-0.54B € -0.29B
2020-06-22 06:30 AM Q1 €0.002B €-0.78B €0.188B € 0.1B
2020-09-21 06:30 AM Q2 €-0.85B €0.32B €-1.24B € -0.35B
2020-12-21 07:30 AM Q3 €-0.85B € -0.48B


News Stream
Hungary Current Account Swings to Deficit in Q2
Hungary posted a current account deficit of EUR 0.85 billion in the second quarter of 2020, swinging from a EUR 0.45 billion surplus in the same quarter of the previous year but better than market consensus of 1.24 billion gap. The goods account deficit increased to EUR 0.79 billion from EUR 0.36 billion a year earlier and the secondary income gap rose to EUR 0.23 billion from EUR 0.04 billion in the second quarter 2019, while the services surplus narrowed sharply to EUR 0.65 billion from EUR 2.13 billion in the same period 2019. Meantime, the primary income gap declined to EUR 0.48 billion from EUR 1.28 billion.
2020-09-21
Hungary Q1 Current Account Swings to Surplus
Hungary posted a current account surplus of EUR 2.4 million in the first quarter of 2020, swinging from a EUR 117.9 million gap in the same quarter of the previous year. This was the first current account surplus since the second quarter of 2019, as the primary income gap narrowed sharply to EUR 0.87 billion from EUR 1.17 billion, and the secondary income deficit dropped to EUR 0.40 billion from EUR 0.54 billion a year earlier. On the other hand, the services surplus decreased slightly to EUR 1.46 billion from EUR 1.70 billion in the same period 2019, while the goods account deficit increased to EUR 0.18 billion from EUR 0.11 billion in Q1 2019.
2020-06-22
Hungary Current Account Gap Widens in Q4
Hungary’s current account deficit increased to EUR 0.78 billion in the fourth quarter of 2019 from EUR 0.75 billion gap a year earlier. The goods account deficit widened to EUR 1.11 billion from EUR 0.60 billion gap in Q4 2018, while the services surplus fell to EUR 1.73 billion from EUR 1.80 billion surplus in the same period 2018. Meantime, the primary income gap declined to EUR 1.20 billion from EUR 1.36 billion, and the secondary income deficit dropped to EUR 0.20 billion from EUR 0.60 billion a year earlier. For full year 2019, the current account deficit widened sharply to EUR 1.22 billion from EUR 0.02 billion a year earlier.
2020-03-23
Hungary Current Account Gap Narrows in Q3
Hungary’s current account deficit declined to EUR 0.23 billion in the third quarter of 2019 from EUR 0.59 billion a year earlier. The goods account deficit narrowed to EUR 1.12 billion from EUR 1.32 billion in Q3 2018, and the primary income gap decreased slightly to EUR 1.30 billion from EUR 1.34 billion. In addition, the services surplus rose to EUR 2.49 billion from EUR 2.21 billion in the same period 2018. Meanwhile, the secondary income deficit widened to EUR 0.30 billion from EUR 0.13 billion a year earlier.
2019-12-20

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).