Hungary Current Account Surplus Widens in Q3

Hungary’s current account posted a surplus of EUR 0.25 billion in the first quarter of 2026, falling short of market expectations of EUR 0.4 billion and nearly five times smaller than the EUR 1.18 billion surplus recorded in the corresponding period of the previous year. The latest figure also marked the lowest surplus since the first quarter of 2021, largely driven by a EUR 0.47 billion deficit in the goods account, which shifted from a EUR 0.82 billion surplus a year earlier. Meanwhile, the services account surplus widened to EUR 2.17 billion from EUR 2.1 billion. At the same time, the shortfall in the primary income declined to EUR 0.97 billion from EUR 1.15 billion, as well as the secondary income to EUR 0.47 billion from EUR 0.6 billion a year ago.

Hungary’s current account surplus narrowed to EUR 0.32 billion in the fourth quarter of 2025, from EUR 0.77 billion in the corresponding period of the previous year, missing market expectations of a EUR 0.40 billion deficit. The goods account recorded a EUR 1.43 billion deficit, widening sharply compared to a EUR 0.40 billion a year earlier. At the same time, the primary income shortfall increased to EUR 1.13 billion from EUR 0.84 billion. On the other hand, the services account surplus rose to EUR 2.85 billion from EUR 2.39 billion. The secondary income account also posted a surplus of EUR 0.03 billion, swinging from a EUR 0.38 billion deficit in the same quarter last year.

Hungary’s current account surplus widened to EUR 0.93 billion in the third quarter of 2025 from EUR 0.38 billion in the same period last year, but below market expectations of EUR 1 billion. The services account surplus increased to EUR 3.65 billion from EUR 3.20 billion in Q3 2024, reflecting higher exports than imports. At the same time, the goods account deficit fell to EUR 1.01 billion from EUR 1.25 billion, while the secondary income gap decreased to EUR 0.46 billion from EUR 0.51 billion a year earlier. Meanwhile, the primary income deficit widened further to EUR 1.25 billion from EUR 1.06 billion, largely driven by a larger investment income shortfall, which rose to EUR 2.26 billion from EUR 2.15 billion.