National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Hungary
HUNGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.29
Year-over-Year Change
41.63%
Date Range
1/1/1995 - 7/1/2023
Summary
The GDP Deflator for Hungary measures the rate of price change in the overall Hungarian economy. It is a key indicator for policymakers and analysts to assess inflationary pressures and the real growth of the 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 GDP Deflator is a comprehensive price index that measures the prices of all goods and services that make up Gross Domestic Product. It provides a broader measure of inflation than the Consumer Price Index, capturing changes in investment, government, and international trade prices.
Methodology
The Hungarian Central Statistical Office calculates the GDP Deflator using national accounts data.
Historical Context
The GDP Deflator is closely monitored by the Magyar Nemzeti Bank and other policymakers to guide monetary and fiscal policy decisions.
Key Facts
- The GDP Deflator for Hungary has a base year of 2015.
- It covers all domestically-produced final goods and services in the economy.
- The Deflator is published quarterly by the Hungarian Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator for Hungary measures the overall price changes of all goods and services that make up the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator for assessing inflationary pressures and the real growth of the Hungarian economy, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Hungarian Central Statistical Office calculates the GDP Deflator using national accounts data.
Q: How is this trend used in economic policy?
A: The GDP Deflator is closely monitored by the Magyar Nemzeti Bank and other policymakers to guide monetary and fiscal policy decisions in Hungary.
Q: Are there update delays or limitations?
A: The GDP Deflator for Hungary is published quarterly by the Hungarian Central Statistical Office.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Hungary (HUNGDPDEFQISMEI), retrieved from FRED.