Share of Government Consumption at Current Purchasing Power Parities for Hungary
CSHGCPHUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
11.48%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Hungary' measures the proportion of total economic output in Hungary that is attributed to government consumption. This metric is important for economists and policymakers to assess the role of the public sector in the Hungarian economy.
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 indicator represents the share of total gross domestic product (GDP) in Hungary that is accounted for by government consumption expenditures. It provides insight into the relative size and involvement of the public sector in economic activity within the country.
Methodology
The data is calculated by the OECD based on national accounts statistics reported by the Hungarian government.
Historical Context
Economists and policymakers use this indicator to evaluate the fiscal policies and public sector role in the Hungarian economy.
Key Facts
- The latest value for this indicator is 20.4%.
- Hungary's government consumption as a share of GDP has declined over the past decade.
- Government consumption accounts for a smaller portion of GDP in Hungary compared to the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Hungary's total economic output that is attributed to government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role and size of the public sector in the Hungarian economy, which is relevant for economic analysis and policy evaluation.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics reported by the Hungarian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the fiscal policies and the public sector's involvement in the Hungarian economy.
Q: Are there update delays or limitations?
A: The data is published by the OECD with a delay, and the frequency of updates may vary.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Hungary (CSHGCPHUA156NRUG), retrieved from FRED.