Current account balance as a proportion of GDP in Hungary
Hungary: Current account balance as a proportion of GDP was 1.6% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Hungary, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Hungary stood at 1.6%.
Compared with earlier readings it is up 43,852.7% on the previous year and up 111.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in Hungary peaked at 4.4% in 2016 and was at its lowest, -9.9%, in 2005.
That places Hungary 72nd out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.8% | — |
| 2001 | -6.1% | -30.7% |
| 2002 | -6.4% | +5.5% |
| 2003 | -8.3% | +28.2% |
| 2004 | -9.1% | +9.9% |
| 2005 | -9.9% | +8.9% |
| 2006 | -7.3% | -26.3% |
| 2007 | -7.3% | +0.0% |
| 2008 | -7.3% | -0.2% |
| 2009 | -1.2% | -83.2% |
| 2010 | -0.2% | -84.6% |
| 2011 | 0.4% | -327.8% |
| 2012 | 1.1% | +151.6% |
| 2013 | 3.0% | +177.2% |
| 2014 | 0.7% | -75.0% |
| 2015 | 2.1% | +183.4% |
| 2016 | 4.4% | +107.8% |
| 2017 | 1.7% | -60.9% |
| 2018 | 0.3% | -80.2% |
| 2019 | -0.6% | -278.0% |
| 2020 | -1.0% | +70.5% |
| 2021 | -4.3% | +314.3% |
| 2022 | -8.9% | +107.0% |
| 2023 | -0.0% | -100.0% |
| 2024 | 1.6% | -43852.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.2% | -9.9% | -1.2% | 10 |
| 2010s | 1.3% | -0.6% | 4.4% | 10 |
| 2020s | -2.5% | -8.9% | 1.6% | 5 |
Countries ranked near Hungary
More economy & growth data for Hungary
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.2 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 3.54 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2215 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 5,739 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -0.0104 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 78.23 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 2.03 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 0.4927 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1335 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Hungary?
- Current account balance as a proportion of gdp in Hungary was 1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Hungary?
- The highest recorded value was 4.4% in 2016.
- What is the lowest current account balance as a proportion of gdp recorded in Hungary?
- The lowest recorded value was -9.9% in 2005.
- How does Hungary rank for current account balance as a proportion of gdp?
- Hungary ranks 72nd out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Hungary?
- Over the last ten years it is up 111.6%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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