Current Account in Hungary

Hungary Current Account | Economic News & Forecasts

Hungary - Current Account

A second estimate confirmed the economy lost some traction in the second quarter amid a challenging external environment. Growth, in annual terms, fell to a one-year low in Q2 on faltering domestic demand and a slump in the external sector, reflecting a sharp deceleration in exports; that said, the expansion was still relatively robust. At the same time, signs of overheating continued to emerge, with labor shortages intensifying despite higher participation rates as the unemployment rate slid further in the quarter. Turning to the third quarter, business sentiment deteriorated again in July although a notable bounce-back in August signaled brighter prospects for fixed investment. Moreover, slightly less downbeat consumer confidence and still elevated wage growth in the same two months should encourage greater household spending, as suggested by robust retail sales in July.

Hungary - Current Account Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Hungary Current Account Chart


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

Hungary Facts

ValueChangeDate
Bond Yield2.030.0 %Sep 04
Exchange Rate298.6-0.68 %Sep 04
Stock Market39,7530.04 %Sep 04

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form