National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Hungary
HUNGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,075,189,000,000.00
Year-over-Year Change
140.40%
Date Range
1/1/1995 - 1/1/2022
Summary
This trend measures Hungary's Gross Domestic Product (GDP) at current prices, providing a comprehensive view of the country's economic activity and growth.
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
GDP is a key indicator of a nation's economic performance, representing the total value of all goods and services produced within a country. This metric is widely used by economists, policymakers, and analysts to assess the health and trajectory of Hungary's economy.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office.
Historical Context
GDP figures are closely monitored by the Hungarian government and the European Union for policy decisions and economic management.
Key Facts
- Hungary's GDP reached $161 billion in 2021.
- GDP growth in Hungary was 7.1% in 2021.
- The service sector accounts for over 60% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Hungary's Gross Domestic Product (GDP) at current prices, providing a comprehensive view of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of a nation's economic performance and is widely used by economists, policymakers, and analysts to assess the health and trajectory of Hungary's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Hungarian government and the European Union for policy decisions and economic management.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hungarian Central Statistical Office, but there may be some update delays or limitations depending on the data collection and reporting processes.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Hungary (HUNGDPNADSMEI), retrieved from FRED.