Net external financing capacity 1.8% of GDP in Q4


Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus on its current and capital accounts - was EUR 562 million, or 1.8% of quarterly GDP, in the fourth quarter, balance of payments data published by the National Bank of Hungary (MNB) on Friday show.    

The adjusted Q4 surplus was down from the third quarter, when it reached EUR 830 mln, state news wire MTI reported.

The unadjusted net external financing capacity came to EUR 628 mln in Q4, down from EUR 897 mln in the third quarter of the year.

The seasonally adjusted surplus in the trade in goods amounted to EUR 364 mln in Q4 2017, remaining below the level recorded in the previous quarter. Exports of EUR 21.87 billion and imports of EUR 21.70 bln in Q4 exceeded their levels in the previous quarter. 

The surplus in the trade in services was EUR 1.91 bln, exceeding the EUR 1.77 bln surplus recorded in the previous quarter.

The adjusted primary income deficit of EUR 1.40 bln was higher than in Q3, but the EUR 340 mln deficit in secondary incomes was lower.   

Using adjusted figures, net transfers from the European Union totaled EUR 902 mln in Q4, while using adjusted figures the amount was EUR 968 mln.   

According to financial accounts data, FDI transactions showed a net inflow of EUR 1.30 bln in Q4, as outward FDI fell by EUR 2.37 bln and inward FDI fell by EUR 1.06 bln.   

Portfolio investment transactions showed a net outflow of EUR 696 mln in the fourth quarter, reflecting an increase of EUR 200 mln in assets and a decline of EUR 496 mln in liabilities. 

Net other investments showed a total outflow of EUR 286 mln, an increase in net assets. Assets and liabilities decreased by EUR 1.18 bln and EUR 1.46 bln, respectively. 

For the whole of 2017, the net external financing capacity based on the current and capital account was EUR 5.11 bln adjusted for seasonal affects and just marginally different using unadjusted data. Both figures were down from around EUR 6.82 bln in 2016.

Paks II Work 'Rumbling Ahead,' Says Szijjártó Power

Paks II Work 'Rumbling Ahead,' Says Szijjártó

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1


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.