Hungary recorded a Current Account surplus of 0.40 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Hungary averaged -2.98 percent from 1980 until 2018, reaching an all time high of 6.10 percent in 2016 and a record low of -10.80 percent in 1993. This page provides - Hungary Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Hungary is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Current Account to GDP is projected to trend around -0.40 percent in 2020, according to our econometric models.


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Hungary Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
0.40 3.20 6.10 -10.80 1980 - 2018 percent Yearly

Hungary Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Hungary Trade Last Previous Highest Lowest Unit
Balance of Trade 168000.00 158048.06 361431.63 -246914.83 HUF Million [+]
Current Account -230.10 -53.10 1751.60 -2472.40 EUR Million [+]
Current Account to GDP 0.40 3.20 6.10 -10.80 percent [+]
Imports 2986335.98 3193240.64 3193240.64 27000.00 HUF Million [+]
Exports 3154451.21 3351288.69 3351288.69 26300.00 HUF Million [+]
External Debt 108861.92 110907.05 144792.66 15620.59 EUR Million [+]
Terms of Trade 101.81 101.91 104.34 96.04 points [+]
Capital Flows 166.40 1339.00 4965.30 -2846.60 EUR Million [+]
Foreign Direct Investment -844.90 1749.80 4256.60 -15036.60 EUR Million [+]
Remittances 238.80 252.90 385.40 57.00 EUR Million [+]
Gold Reserves 31.51 31.51 31.51 0.00 Tonnes [+]
Terrorism Index 0.18 0.36 2.32 0.00 [+]
Crude Oil Production 17.00 19.00 46.00 11.00 BBL/D/1K [+]