Balance of Payments: Goods: Expenditure for Hungary
HUNB6DBTD01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,745,800,000,000.00
Year-over-Year Change
14.77%
Date Range
1/1/1995 - 10/1/2024
Summary
The Balance of Payments: Goods: Expenditure for Hungary measures the value of goods imported by Hungary. This metric is a key indicator of Hungary's international trade and economic performance.
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 Balance of Payments: Goods: Expenditure for Hungary tracks the monetary value of all goods imported into Hungary from other countries. This metric is an important component of Hungary's overall balance of payments, which reflects the country's economic transactions with the rest of the world.
Methodology
The data is collected by the National Bank of Hungary based on customs declarations and surveys of importers.
Historical Context
Economists and policymakers use this data to assess Hungary's trade balance, competitiveness, and overall economic conditions.
Key Facts
- Hungary's imports were valued at €105.4 billion in 2021.
- Goods imports account for over 70% of Hungary's total imports.
- Hungary has run a persistent trade deficit in recent years.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Goods: Expenditure for Hungary measures the total monetary value of all goods imported into Hungary from other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Hungary's international trade, competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Hungary based on customs declarations and surveys of importers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess Hungary's trade balance, competitiveness, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the reference period.
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Hungary (HUNB6DBTD01NCCUSAQ), retrieved from FRED.