Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Hungary
Billions of Hungarian Forints
CRDQHUANABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,270.71
Year-over-Year Change
32.12%
Date Range
10/1/1969 - 10/1/2024
Summary
The 'Billions of Hungarian Forints' economic trend measures the total value of credit outstanding in the Hungarian economy, providing insights into the availability and use of credit by businesses and households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total credit provided to the private sector by domestic banks and other financial institutions in Hungary, expressed in billions of Hungarian forints. It is a key indicator of financial conditions and economic activity in the country.
Methodology
The data is collected and compiled by the Hungarian National Bank.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess the overall state of the Hungarian economy and financial system.
Key Facts
- Hungary's currency is the Hungarian forint (HUF).
- Credit data is reported in billions of forints.
- This trend has been tracked by the Hungarian National Bank since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Hungarian Forints' trend measures the total value of credit outstanding in the Hungarian economy, providing insights into the availability and use of credit by businesses and households.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial conditions and economic activity in Hungary, closely monitored by policymakers, analysts, and investors to assess the overall state of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Hungarian National Bank.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market participants to evaluate the availability of credit and overall financial conditions in the Hungarian economy, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is regularly updated by the Hungarian National Bank, though there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Billions of Hungarian Forints (CRDQHUANABIS), retrieved from FRED.