Share of Merchandise Exports at Current Purchasing Power Parities for Hungary
CSHXCPHUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-16.62%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Hungary's share of global merchandise exports adjusted for purchasing power parity. It provides insight into the country's international trade competitiveness and role in the global 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
The share of merchandise exports at current purchasing power parities (PPPs) is an indicator of a country's relative position in international trade. It compares Hungary's export volumes to other nations, accounting for differences in domestic price levels.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This metric is used by economists and policymakers to assess Hungary's trade dynamics and economic integration.
Key Facts
- Hungary's share of global merchandise exports was 0.66% in 2021.
- The indicator has trended upward since the early 2000s.
- Hungary is a member of the European Union and OECD.
FAQs
Q: What does this economic trend measure?
A: This metric measures Hungary's share of global merchandise exports, adjusted for differences in domestic price levels using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: The share of merchandise exports at current PPPs provides insight into Hungary's international trade competitiveness and economic integration.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Hungary's trade dynamics and position in the global economy.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the indicator is based on national accounts and trade statistics.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Hungary (CSHXCPHUA156NRUG), retrieved from FRED.