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

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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.

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