Balance of Payments: Services: Revenue for Hungary
HUNB6CRSE03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.11
Year-over-Year Change
17.97%
Date Range
1/1/1995 - 10/1/2024
Summary
The Balance of Payments: Services: Revenue for Hungary tracks the value of services exported by Hungary, providing insight into the country's trade in services with the rest of the world.
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 measures the revenue generated from Hungary's exports of services, which include categories like travel, transportation, and business services. It is a key component of Hungary's overall balance of payments and helps economists assess the country's international economic position.
Methodology
The data is collected by Hungary's central bank through surveys of businesses and other entities engaged in international services trade.
Historical Context
Policymakers and analysts use this metric to evaluate Hungary's competitiveness in the global services market and inform decisions around trade policies and economic strategies.
Key Facts
- Hungary's services exports have grown steadily in recent years.
- The services trade surplus helps offset Hungary's merchandise trade deficit.
- Tourism is a major component of Hungary's services exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of services exported by Hungary, providing insight into the country's trade in services with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: It is a key component of Hungary's overall balance of payments and helps economists assess the country's international economic position and competitiveness in the global services market.
Q: How is this data collected or calculated?
A: The data is collected by Hungary's central bank through surveys of businesses and other entities engaged in international services trade.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Hungary's competitiveness in the global services market and inform decisions around trade policies and economic strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for delays in reporting.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for Hungary (HUNB6CRSE03STSAQ), retrieved from FRED.