Exports of Services (BoP, USD) in Hungary

Exports of services as a part of balance of payment reached 26.9 USD bil in 2017 in Hungary, according to the National Statistical Office. This is 9.81 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Hungary reached an all time high of 26.9 USD bil in 2017 and an all time low of 0.589 USD bil in 1983. When compared to Hungary's main peers, exports of services as a part of balance of payment in Austria amounted to 66.8 USD bil, 27.1 USD bil in Czech Republic, 58.7 USD bil in Poland and 10.4 USD bil in Slovakia in 2017.

Hungary has been ranked 40th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 2 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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