FX.co ★ Hungary’s Current Account Surplus Shrinks Sharply in Q4 2025

Hungary’s current account surplus narrowed significantly in the fourth quarter of 2025, slipping to EUR 0.321 billion from EUR 1.082 billion in the previous quarter, according to data updated on 27 March 2026. The figures, expressed on a quarter-over-quarter basis, highlight a marked loss of momentum in Hungary’s external balance toward the end of the year.

The comparison shows that while the country maintained a surplus, the scale of the decline between the third and fourth quarters of 2025 was substantial. The previous period’s reading of EUR 1.082 billion had represented a stronger surplus position, and the latest numbers indicate a weakening contribution from external accounts to Hungary’s overall macroeconomic backdrop.

The data underscore a softening trend in external surpluses that may draw attention from policymakers and investors monitoring Hungary’s balance-of-payments dynamics. With both the “actual” and “previous” readings reflecting quarter-over-quarter changes, the latest outturn suggests headwinds for the current account heading into 2026, even as it remains in positive territory.