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Hungary c/a surplus reaches EUR 541 mln in Q1

Debt

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Hungary's current account surplus reached EUR 541 million in the first quarter, state news wire MTI reports, citing quarterly data released by the National Bank of Hungary (MNB).

Hungary had a EUR 1.854 bln trade surplus for the quarter. The surplus in trade of goods reached EUR 1.214 bln and the surplus of trade in services stood at EUR 640 mln.

The primary income balance was negative EUR 982 mln.

The capital account balance was EUR 508 mln and included EUR 476 mln in European Union transfers. Net EU transfers reached EUR 488 mln.

Hungary's net lending capacity - the combined surplus of the current and capital accounts - came to a seasonally-adjusted EUR 1.145 bln, equivalent to 3.2% of quarterly GDP.

The unadjusted net lending capacity stood at EUR 1.049 bln.

FDI in Hungary, excluding capital in transit, reached EUR 314 mln. FDI abroad, excluding capital in transit, came to EUR 690 mln.

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