Current Account in Hungary

Hungary Current Account | Economic News & Forecasts

Hungary - Current Account

The economy gained some speed in the third quarter of 2019, after expanding at the slowest pace since Q1 2018 in the second quarter. A more upbeat external sector and increased public expenditure were behind Q3’s pick-up. Exports soared amid an upbeat manufacturing sector, which has so far defied the faltering European economy, while government spending rebounded strongly. Meanwhile, household spending eased somewhat in Q3 amid still-downbeat consumer sentiment, while fixed investment also lost steam, although it remained healthy overall. Turning to Q4, economic activity likely moderated, as suggested by weaker industrial production growth in October–November compared to Q3 due to a slowdown in the manufacture of transport equipment. Moreover, economic sentiment deteriorated in Q4, sliding to an over three-year low in December on a marked drop in business confidence.

Hungary - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)3.7  1.5  2.8  6.2  2.8  

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Hungary Current Account Chart


Hungary Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Hungary.

Hungary Facts

ValueChangeDate
Bond Yield2.080.0 %Dec 31
Exchange Rate295.1-0.68 %Jan 01

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