Hungary posted a current account deficit of EUR 2.35 billion in the first quarter of 2022, shifting from a surplus of EUR 0.37 billion in the same quarter of the previous year, compared with market consensus of a EUR 2.32 billion gap. It was the fourth straight quarter of deficit in current account, as the goods account recorded a deficit of EUR 2.46 billion, switching from a surplus of EUR 1.20 billion a year earlier and the secondary income gap went up to EUR 0.32 billion from EUR 0.25 billion, while the primary income gap declined to EUR 0.78 billion from EUR 1.27 billion in Q1 of 2021. Meantime, the services surplus widened to EUR 1.20 billion from EUR 0.69 billion in Q1 of 2021. source: National Bank of Hungary
Current Account in Hungary averaged -503.07 EUR Million from 1990 until 2022, 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 June of 2022.
Current Account in Hungary is expected to be -1200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Current Account is projected to trend around 200.00 EUR Million in 2023 and 150.00 EUR Million in 2024, according to our econometric models.