Hungary Q4 C/A deficit reaches EUR 2.452 bln, preliminary data show

Debt

Image by Shutterstock.com

Hungary's current account had a EUR 2.452 billion deficit in the fourth quarter of 2021, quarterly data released by the National Bank of Hungary (MNB) on Wednesday show.

Hungary had an EUR 899 million trade deficit for the quarter, the balance of a EUR 2.142 bln deficit in trade of goods and a EUR 1.243 bln surplus in trade of services.

The primary income balance had a deficit of EUR 1.237 bln, as investors repatriated EUR 1.715 bln from direct investments.

Capital transfers from the European Union came to EUR 2.204 bln for the quarter.

An amalgamation of the quarterly data shows that Hungary's full-year current account deficit reached EUR 4.736 bln in 2021.

The trade balance shows a surplus of EUR 1.170 bln, the difference between a deficit of EUR 3.811 bln in trade of goods and a EUR 4.981 bln surplus in trade of services.

The primary income balance shows a deficit of EUR 4.934 bln, with profit repatriation from direct investments reaching EUR 6.555 bln.

Capital transfers from the EU came to EUR 3.945 bln for the year.

HUPX Joining Serbian, Slovenian Peers in Adex Power

HUPX Joining Serbian, Slovenian Peers in Adex

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.