Hungary current account to gdp

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Hungary current account to gdp: 0.8 (-109.3%)
Last Update: December 31, 2023

Hungary current account to gdp closed down 0.8 as of December 31, 2023 from -8.6 from the previous month and 0.8 from last year.


Hungary current account to gdp Analytics & Data




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Hungary current account to gdp

Date Values
2023-12-31 0.8
2022-12-31 -8.6
2021-12-31 -4.1
2020-12-31 -1
2019-12-31 -0.8
2018-12-31 0.4
2017-12-31 3.2
2016-12-31 6.1
2015-12-31 2.7
2014-12-31 1.5
2013-12-31 3.8
2012-12-31 1.7
2011-12-31 0.8
2010-12-31 0.3
2009-12-31 -0.8
2008-12-31 -7
2007-12-31 -7.1
2006-12-31 -7
2005-12-31 -7
2004-12-31 -8.5
2003-12-31 -8
2002-12-31 -6.3
2001-12-31 -5.8
2000-12-31 -8.5

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Hungary current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp hu.currentaccountgdp 0.8 -8.6 -109 0 UP Down 0 2023-12-31

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Hungary current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Hungary current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Hungary current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Hungary current account to gdp

The current account to GDP ratio in Hungary is a measure that reflects the country's level of trade and financial transactions with the rest of the world in relation to the size of its economy. A positive current account balance indicates that the country is exporting more goods and services than it is importing, while a negative balance indicates the opposite. A high current account to GDP ratio can be a sign of a strong and competitive export sector, which can contribute to economic growth and stability. On the other hand, a low ratio may indicate a reliance on imports and potential vulnerability to external shocks. Overall, monitoring the current account to GDP ratio is important for policymakers to assess the health of the economy and make informed decisions about trade and fiscal policies.

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