Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Hungary
Billions of Hungarian Forints
CRDQHUAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,131.67
Year-over-Year Change
29.55%
Date Range
10/1/1969 - 10/1/2024
Summary
The 'Billions of Hungarian Forints' metric tracks the total value of credit to the non-financial private sector in Hungary, a key indicator of economic activity and credit conditions.
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 economic series measures the total amount of credit extended to non-financial businesses and households in Hungary, providing insight into the level of lending and financing in the country's private sector.
Methodology
The data is collected and reported by the Central Bank of Hungary.
Historical Context
Analysts and policymakers monitor this trend to assess the availability of credit and its impact on investment, consumption, and overall economic performance.
Key Facts
- Hungary's credit to the non-financial private sector was 37.3 trillion forints in 2021.
- Credit growth has slowed since the COVID-19 pandemic, reflecting weaker economic conditions.
- The credit-to-GDP ratio in Hungary was around 55% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Hungarian Forints' metric tracks the total value of credit extended to the non-financial private sector in Hungary, including businesses and households.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the availability of financing and credit conditions in the Hungarian economy, which is important for assessing investment, consumption, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate the impact of monetary policy and credit conditions on the Hungarian economy.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive view of credit conditions in the Hungarian private sector.
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Citation
U.S. Federal Reserve, Billions of Hungarian Forints (CRDQHUAPABIS), retrieved from FRED.