Share of Household Consumption at Current Purchasing Power Parities for Hungary
CSHCCPHUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-11.16%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Hungary' measures the relative size of household consumption in Hungary's economy compared to other countries. This provides insights into the standard of living and consumer demand.
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 indicator represents the share of total household consumption in Hungary, adjusted for differences in purchasing power across countries. It is a useful metric for analyzing and comparing consumption patterns and consumer behavior within the Hungarian economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Hungary's economic development and consumer dynamics relative to international benchmarks.
Key Facts
- Hungary's household consumption share was 51.75% in 2021.
- Consumption accounts for over half of Hungary's GDP.
- This indicator has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total household consumption in Hungary's economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the standard of living and consumer demand in Hungary, allowing for comparisons to other economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Hungary's economic development and consumer dynamics relative to international benchmarks.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture short-term fluctuations in household consumption.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Hungary (CSHCCPHUA156NRUG), retrieved from FRED.