Hungary posted a current account deficit of EUR 0.85 billion in the second quarter of 2020, swinging from a EUR 0.45 billion surplus in the same quarter of the previous year but better than market consensus of 1.24 billion gap. The goods account deficit increased to EUR 0.79 billion from EUR 0.36 billion a year earlier and the secondary income gap rose to EUR 0.23 billion from EUR 0.04 billion in the second quarter 2019, while the services surplus narrowed sharply to EUR 0.65 billion from EUR 2.13 billion in the same period 2019. Meantime, the primary income gap declined to EUR 0.48 billion from EUR 1.28 billion.
Current Account in Hungary averaged -465.81 EUR Million from 1990 until 2020, 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 October of 2020.
Current Account in Hungary is expected to be -480.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Hungary to stand at 1100.00 in 12 months time. In the long-term, the Hungary Current Account is projected to trend around -100.00 EUR Million in 2021 and -200.00 EUR Million in 2022, according to our econometric models.