Hungary - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Hungary was $2,651,321,000 as of 2020. Over the past 29 years, the value for this indicator has fluctuated between $10,810,360,000 in 2016 and ($4,499,881,000) in 2004.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1991 ($286,808,300)
1992 ($82,107,420)
1993 ($2,879,967,000)
1994 ($2,442,688,000)
1995 ($3,595,386)
1996 $220,869,500
1997 $455,053,100
1998 ($764,466,900)
1999 ($1,343,857,000)
2000 ($1,742,747,000)
2001 ($693,604,400)
2002 ($1,383,388,000)
2003 ($3,360,778,000)
2004 ($4,499,881,000)
2005 ($3,150,326,000)
2006 ($1,674,937,000)
2007 $197,494,000
2008 $57,851,430
2009 $4,520,067,000
2010 $6,277,925,000
2011 $8,122,235,000
2012 $7,870,725,000
2013 $8,786,285,000
2014 $8,253,776,000
2015 $9,679,038,000
2016 $10,810,360,000
2017 $9,460,593,000
2018 $6,824,231,000
2019 $3,786,696,000
2020 $2,651,321,000

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Hungary was 816,598,000,000 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 3,043,370,000,000 in 2016 and a minimum value of -912,332,000,000 in 2004.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1991 -21,434,620,000
1992 -6,485,525,000
1993 -264,767,000,000
1994 -256,780,000,000
1995 -452,000,000
1996 33,715,000,000
1997 84,999,000,000
1998 -163,903,000,000
1999 -318,690,000,000
2000 -491,767,000,000
2001 -198,709,000,000
2002 -356,725,000,000
2003 -753,845,000,000
2004 -912,332,000,000
2005 -628,750,000,000
2006 -352,390,000,000
2007 36,265,000,000
2008 9,957,000,000
2009 914,598,000,000
2010 1,305,460,000,000
2011 1,633,020,000,000
2012 1,771,730,000,000
2013 1,965,450,000,000
2014 1,919,840,000,000
2015 2,703,670,000,000
2016 3,043,370,000,000
2017 2,596,300,000,000
2018 1,843,990,000,000
2019 1,100,640,000,000
2020 816,598,000,000

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Hungary was 259,008,000,000 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 2,899,570,000,000 in 2016 and a minimum value of -1,564,060,000,000 in 2004.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1991 111,042,000,000
1992 171,756,000,000
1993 -804,410,000,000
1994 -729,782,000,000
1995 -113,376,000,000
1996 -23,015,000,000
1997 -93,240,000,000
1998 -555,253,000,000
1999 -733,747,000,000
2000 -757,494,000,000
2001 -502,609,000,000
2002 -864,742,000,000
2003 -1,314,150,000,000
2004 -1,564,060,000,000
2005 -990,549,000,000
2006 -421,425,000,000
2007 -99,037,000,000
2008 76,060,000,000
2009 902,133,000,000
2010 1,286,390,000,000
2011 1,902,720,000,000
2012 2,209,520,000,000
2013 2,297,210,000,000
2014 2,103,010,000,000
2015 2,703,670,000,000
2016 2,899,570,000,000
2017 2,532,740,000,000
2018 2,039,730,000,000
2019 1,218,270,000,000
2020 259,008,000,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Hungary was 1.70 as of 2020. Its highest value over the past 29 years was 8.40 in 2016, while its lowest value was -7.18 in 1993.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1991 -0.83
1992 -0.21
1993 -7.18
1994 -5.66
1995 -0.01
1996 0.47
1997 0.96
1998 -1.57
1999 -2.74
2000 -3.69
2001 -1.29
2002 -2.05
2003 -3.94
2004 -4.32
2005 -2.78
2006 -1.45
2007 0.14
2008 0.04
2009 3.45
2010 4.75
2011 5.72
2012 6.11
2013 6.47
2014 5.85
2015 7.73
2016 8.40
2017 6.61
2018 4.25
2019 2.32
2020 1.70

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts