International Reserves in Hungary

Hungary International Reserves | Economic News & Forecasts

Hungary - International Reserves

The economy expanded at a softer-than-expected pace in the third quarter. Although a complete breakdown is not yet available, a weak industrial sector dragged on by global supply chain bottlenecks and cooling retail sales amid still-downbeat consumer confidence were likely behind the loss of momentum. Subdued underlying dynamics seem to have carried over into the fourth quarter, due to prolonged supply constraints and as soaring inflation severely hit consumer confidence in November. Moreover, the country is seeing record numbers of new Covid-19 cases, which is likely weighing on household spending decisions. Meanwhile, the government recently decided to cap fuel prices for consumers and small businesses in a bid to shield them from soaring energy prices, while it also sealed an agreement with the private sector on a 20% minimum wage hike ahead of the 2022 parliamentary elections.

Hungary - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)33.1  25.8  28.0  31.4  31.8  

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Hungary International Reserves Chart

Hungary International Reserves
Note: International reserves in months of imports.
Source: National Bank of Hungary and FocusEconomics calculations.

Hungary Facts

Value Change Date
Bond Yield2.080.0 %Dec 31
Exchange Rate295.1-0.68 %Jan 01

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