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26.06.202606:30:00UTC+00Hungary’s Current Account Surplus Narrows in Q1 2026, Signaling Softer External Balance

Hungary’s current account surplus moderated in the first quarter of 2026, easing to EUR 0.251 billion from EUR 0.321 billion in the fourth quarter of 2025, according to data updated on 26 June 2026. The quarter-over-quarter comparison shows a weakening of the country’s external position after a stronger finish to 2025.

The latest reading indicates that while Hungary continues to run a surplus on its current account, the pace of surplus accumulation has slowed relative to the previous quarter. In the fourth quarter of 2025, the surplus of EUR 0.321 billion represented an improvement over the prior period, whereas the first quarter of 2026 reflects a partial reversal of that momentum.

On a quarter-over-quarter basis, the “Actual” measure now captures this loss of strength compared with the final quarter of 2025, while the “Previous” comparison had highlighted an earlier period of improvement. The figures suggest that external buffers remain in place, but with less support from trade and income flows than at the end of last year.

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