Remittances in Hungary increased to 809.50 EUR Million in the second quarter of 2025 from 469.60 EUR Million in the first quarter of 2025. This dataset provides - Hungary Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittance inflows to GDP (%) in Hungary was reported at 2.437 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The value of personal remittances paid in Hungary increased by 6.56 million U.S. dollars (+0.4 percent) in 2024. Therefore, the value in Hungary reached a peak in 2024 with 1.568 billion U.S. dollars. Remittances are flows of money between immigrants and their relatives. They refer to personal transfers between resident and nonresident individuals, and the compensation of employees who are employed in an economy where they are not resident, and of residents employed by nonresident entities.

Hungary HU: (DC)Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 8.078 % in 2017. This records an increase from the previous number of 7.182 % for 2016. Hungary HU: (DC)Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 7.630 % from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 13.110 % in 2013 and a record low of 5.099 % in 2014. Hungary HU: (DC)Average Transaction Cost of Sending Remittances to a Specific Country data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank.WDI: Payment System. Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.; ; World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org; Unweighted average;

In March 2020, the new instant payment system was launched in Hungary allowing money transfers to be processed within five seconds. As of April 2020, more than ** million instant bank transfers had been completed.

Hungary Money Remittances: International Transaction Sent: Value data was reported at 1,737.000 HUF mn in Dec 2019. This records an increase from the previous number of 1,571.000 HUF mn for Sep 2019. Hungary Money Remittances: International Transaction Sent: Value data is updated quarterly, averaging 1,570.500 HUF mn from Mar 2014 (Median) to Dec 2019, with 24 observations. The data reached an all-time high of 1,942.000 HUF mn in Sep 2015 and a record low of 1,226.000 HUF mn in Mar 2018. Hungary Money Remittances: International Transaction Sent: Value data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KA007: Payment System Тurnover. [COVID-19-IMPACT]

Hungary Money Remittances: International Transaction Sent: Volume data was reported at 17,398.000 Unit in Dec 2019. This records an increase from the previous number of 16,636.000 Unit for Sep 2019. Hungary Money Remittances: International Transaction Sent: Volume data is updated quarterly, averaging 14,193.500 Unit from Mar 2014 (Median) to Dec 2019, with 24 observations. The data reached an all-time high of 17,749.000 Unit in Jun 2018 and a record low of 12,956.000 Unit in Mar 2017. Hungary Money Remittances: International Transaction Sent: Volume data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KA007: Payment System Тurnover. [COVID-19-IMPACT]

Personal transfers, receipts (BoP, current US$) in Hungary was reported at 701477717 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Workers' remittances, receipts (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The share of digital remittances leaving Austria was slightly higher in 2024 than in previous years, taking up the majority of money transfers. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from Austria. The ***** countries Austria sends the highest value of remittances to include Germany, Serbia, and Hungary. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Personal remittances, paid (current US$) in Hungary was reported at 1568292261 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Workers' remittances and compensation of employees, paid - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Comprehensive dataset containing 24 verified Ria Money Transfer Agent locations in Hungary with complete contact information, ratings, reviews, and location data.

1,56,82,92,261 (US dollars) in 2024. Workers' remittances and compensation of employees received are current transfers by migrant workers and wages and salaries of nonresident workers. Data are in current U.S. dollars.

Hungary Money Remittances: Domestic Transactions: Volume data was reported at 6,317.000 Unit in Dec 2019. This records an increase from the previous number of 5,679.000 Unit for Sep 2019. Hungary Money Remittances: Domestic Transactions: Volume data is updated quarterly, averaging 3,122.500 Unit from Mar 2014 (Median) to Dec 2019, with 24 observations. The data reached an all-time high of 6,317.000 Unit in Dec 2019 and a record low of 1,570.000 Unit in Mar 2014. Hungary Money Remittances: Domestic Transactions: Volume data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KA007: Payment System Тurnover. [COVID-19-IMPACT]

Personal remittances, received (current US$) in Hungary was reported at 5237273919 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Workers' remittances and compensation of employees, received - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Hongrie: Remittances, million USD: Pour cet indicateur, La Banque mondiale fournit des données pour la Hongrie de 1995 à 2024. La valeur moyenne pour Hongrie pendant cette période était de 2251.41 million U.S. dollars avec un minimum de 139.94 million U.S. dollars en 1995 et un maximum de 5237.27 million U.S. dollars en 2024.

Hungary HU: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 3.333 % in 2017. This records a decrease from the previous number of 3.704 % for 2016. Hungary HU: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 1.596 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 3.704 % in 2016 and a record low of 0.292 % in 2003. Hungary HU: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.; ; World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.; Weighted Average; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Personal remittances, received (% of GDP) in Hungary was reported at 2.3496 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Workers' remittances and compensation of employees, received (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Time series data for the data Current Account and Its Components - Current USD, TTM for the country Hungary. The Current Account and Its Components The current account is a component of a country's balance of payments that records the transactions of goods, services, income, and current transfers between residents of the country and the rest of the world. It consists of four main components:

a. Trade in Goods Balance

b. Trade in Services Balance

c. Primary Income Balance

d. Secondary Income Balance

1. Trade in Goods Balance Definition: This includes the export and import of physical items such as machinery, food, clothing, etc.

Credit Example: A German car manufacturer exports cars to the United States (value of exported cars).

Debit Example: A German electronics retailer imports smartphones from South Korea (value of imported smartphones).

1. Trade in Services Balance Definition: This includes the export and import of services such as tourism, financial services, consulting, transportation, etc.

Credit Example: A German IT company provides software development services to a client in Japan (value of exported services).

Debit Example: A German tourist books a hotel room in France (value of imported tourism services).

1. Primary Income Balance Definition: This includes earnings from the provision of factors of production such as labor, financial assets, land, and natural resources. It covers income from interest, profits, and dividends.

Credit Example: A German investor receives dividends from shares held in a U.S. company (value of received dividends).

Debit Example: Foreign investors receive interest payments on bonds issued by a German company (value of interest payments).

1. Secondary Income Balance Definition: This includes current transfers such as foreign aid, remittances, and other one-way payments that do not involve an exchange of goods or services.

Credit Example: Remittances sent by German residents working abroad to their families in Germany (value of received remittances).

Debit Example: Germany sends humanitarian aid to a developing country (value of sent aid). Trade in Goods Balance (USD)The indicator "Trade in Goods Balance (USD)" stands at 1.41 Billion United States Dollars as of 3/31/2025, the lowest value since 3/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.6489 Billion United States Dollars compared to the value the year prior.The 1 year change is -0.6489 Billion United States Dollars.The 3 year change is 10.91 Billion United States Dollars.The 5 year change is 5.62 Billion United States Dollars.The 10 year change is -1.01 Billion United States Dollars.The Serie's long term average value is -1.14 Billion United States Dollars. It's latest available value, on 3/31/2025, is 2.55 Billion United States Dollars higher, compared to it's long term average value.The Serie's change in United States Dollars from it's minimum value, on 12/31/2022, to it's latest available value, on 3/31/2025, is +17.40 Billion.The Serie's change in United States Dollars from it's maximum value, on 9/30/2016, to it's latest available value, on 3/31/2025, is -3.32 Billion.Secondary Income Balance (USD)The indicator "Secondary Income Balance (USD)" stands at -1.66 Billion United States Dollars as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.2859 Billion United States Dollars compared to the value the year prior.The 1 year change is 0.2859 Billion United States Dollars.The 3 year change is -0.0089 Billion United States Dollars.The 5 year change is -0.7406 Billion United States Dollars.The 10 year change is -0.4558 Billion United States Dollars.The Serie's long term average value is -0.86 Billion United States Dollars. It's latest available value, on 3/31/2025, is -0.801 Billion United States Dollars lower, compared to it's long term average value.The Serie's change in United States Dollars from it's minimum value, on 12/31/2023, to it's latest available value, on 3/31/2025, is +0.5532 Billion.The Serie's change in United States Dollars from it's maximum value, on 12/31/2003, to it's latest available value, on 3/31/2025, is -2.26 Billion.Primary Income Balance (USD)The indicator "Primary Income Balance (USD)" stands at -7.16 Billion United States Dollars as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.7041 Billion United States Dollars compared to the value the year prior.The 1 year change is 0.7041 Billion United States Dollars.The 3 year change is -1.50 Billion United States Dollars.The 5 year change is -3.69 Billion United States Dollars.The 10 year change is -2.25 Billion United States Dollars.The Serie's long term average value is -5.52 Billion United States Dollars. It's latest available value, on 3/31/2025, is -1.64 Billion United States Dollars lower, ...

Hungary Money Remittances: Domestic Transactions: Value data was reported at 246.000 HUF mn in Dec 2019. This records an increase from the previous number of 233.000 HUF mn for Sep 2019. Hungary Money Remittances: Domestic Transactions: Value data is updated quarterly, averaging 136.000 HUF mn from Mar 2014 (Median) to Dec 2019, with 24 observations. The data reached an all-time high of 246.000 HUF mn in Dec 2019 and a record low of 53.000 HUF mn in Jun 2016. Hungary Money Remittances: Domestic Transactions: Value data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KA007: Payment System Тurnover. [COVID-19-IMPACT]

Hungary HU: BOP: Current Account: Personal Remittances: Received data was reported at 4.638 USD bn in 2017. This records a decrease from the previous number of 4.660 USD bn for 2016. Hungary HU: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 1.913 USD bn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 4.768 USD bn in 2014 and a record low of 139.945 USD mn in 1995. Hungary HU: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).