Hungary c/a surplus at EUR 99 mln in 2020

MNB

The MNB building in Budapest.

Photo by Andocs / Shutterstock.com

Hungary's current-account surplus reached EUR 99 million for the full year in 2020, quarterly data released by the National Bank of Hungary (MNB) on Tuesday show, according to a report by state news wire MTI.

The data show a trade surplus of EUR 3.1 billion, comprising an EUR 866 mln deficit in trade of goods and a EUR 3.966 bln surplus of trade of services.

The capital account shows a surplus of EUR 2.747 bln, including EUR 3.135 bln in European Union transfers.

Hungary's net external financing capacity - the combined balances of the current and capital accounts - stood at EUR 2.846 bln.

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