Q2 C/a Deficit Reached EUR 2.63 bln
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Hungary's current account had a EUR 2.630 billion deficit in Q2, according to quarterly data released by the National Bank of Hungary (MNB) on its website.
Hungary had a EUR 925 million trade deficit for the quarter, the balance of a EUR 2.829 bln deficit in trade of goods and a EUR 1.904 bln surplus in trade of services.
The primary income balance had a deficit of EUR 1.314 bln, as investors repatriated EUR 1.464 bln from direct investments. Capital transfers from the European Union came to EUR 874 million for the quarter.
In Q2 Hungary's seasonally adjusted net financing requirement amounted to EUR 1.411 bln, equal to 3.4% of quarterly GDP. An amalgamation of the quarterly unadjusted data shows Hungary's H1 current account deficit reached EUR 5.097 bln.
The trade balance showed a deficit of EUR 2.366 bln, the difference between a deficit of EUR 5.486 bln in trade of goods and a EUR 3.12 bln surplus in trade of services.
The primary income balance showed a deficit of EUR 2.022 bln, with profit repatriation from direct investments reaching EUR 2.678 bln. Capital transfers from the EU came to EUR 2.822 bln for H1.
Hungary's current account deficit reached EUR 6.426 bln in 2021, according to the data.
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