Hungary Current Account to GDP

Hungary recorded a Current Account surplus of 2.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Hungary is reported by the Eurostat. From 1980 until 2012, Hungary Current Account to GDP averaged -4.0 Percent reaching an all time high of 2.3 Percent in December of 2012 and a record low of -10.8 Percent in December of 1993. 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. This page provides - Hungary Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.30 1.00 2.30 -10.80 2.55 | 2013/12 1980 - 2012 Percent Yearly

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Hungary Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 637.44 2013-11-15 1205.88 1205.88 -2384.69 962.62 2014-03-31 EUR Million [+]
Current Account to GDP 2.30 2012-12-31 1.00 2.30 -10.80 2.55 2013-12-31 Percent [+]
Capital Flows 2624.40 2013-11-15 -4230.50 9251.30 -4230.50 -467.33 2014-03-31 EUR Million [+]
External Debt 116413.10 2013-12-31 116505.10 142673.70 22026.90 113547.96 2014-03-31 EUR Million [+]
Foreign Direct Investment 15.00 2013-12-31 10.48 15.00 1.44 16.88 2014-06-30 EUR Billion [+]
Remittances 11.00 2013-11-15 11.00 16.00 4.00 11.30 2013-12-31 EUR Million [+]
Terms of Trade 100.70 2014-01-15 100.90 104.59 96.04 101.91 2014-02-28 Index Points [+]
Balance of Trade 237700.00 2014-02-15 146833.65 253143.86 -246914.83 173793.07 2014-03-31 HUF Million [+]
Exports 2120400.00 2014-02-15 1997948.17 2294309.15 26300.00 2251936.62 2014-03-31 HUF Million [+]
Imports 1882700.00 2014-02-15 1851114.52 2074518.80 27000.00 2015900.27 2014-03-31 HUF Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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Hungarian Inflation Rate Unchanged in March  
The annual consumer prices increased 0.1 percent in March of 2014, unchanged from 0.1 percent in the previous month. A year earlier, the inflation rate was recorded at 2.2 percent.
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In the three months to February of 2014, Hungarian jobless rate fell for the fourth consecutive month, from 8.9 percent in the previous period and 11.6 percent a year earlier. It is the lowest rate in five years.
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The annual consumer prices accelerated to 0.1 percent in February, after falling to zero in January, as food prices remained unchanged following a 0.2 percent drop in the previous month.
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Hungarian economy advanced at a faster 2.7 percent in the last quarter of 2013, in line with a preliminary estimate and boosted by investment. The figure compares with 1.8 percent growth in the previous three-month period.
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In the three months to January of 2014, Hungarian jobless rate fell for the third straight time to 8.9 percent from 9.1 percent at the end of December and 9.3 percent in November.
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In the period October to December 2013, the unemployment rate in Hungary decreased to 9.1 percent, down from 9.3 percent in the previous period and 10.7 percent a year earlier. The number of unemployed people was 403 thousand, 65 thousand less than in the same period of 2012.
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In December of 2013, Hungary’s annual inflation rate slowed to 0.4 percent, the lowest rate in more than 40 years, mainly due to a sharp fall in utilities' prices. Core inflation rate which excludes food and fuel remained unchanged at 3.5 percent.
Hungary Unemployment Rate Falls to Near 5-Year Low  
In the period September to November 2013, Hungary’s jobless rate decreased to 9.3 percent, the lowest rate since February of 2009, as the employment rate of people aged 15–64 increased by 1.5 percentage points over a year earlier.
Hungary Inflation Rate Steady at 0.9% in November  
In November of 2013, Hungarian annual CPI remained stable at 0.9 percent, the same rate recorded in October, as prices of electricity and natural gas decreased 10 percent due to new fees. Core annual inflation rate was recorded at 3.5 percent.
Hungary GDP Growth Accelerates to 1.8% YoY in Q3  
In the third quarter of 2013, the Hungarian economy advanced 1.8 percent over a year earlier, up from 1.7 percent in the initial estimate. It is the highest growth rate in the last two and a half years.
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