National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Hungary
Annual
HUNGFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,586,435,000,000.00
Year-over-Year Change
130.99%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual series measures Hungary's final consumption expenditure, adjusted for seasonal and calendar effects. It provides important insights into the overall state of the Hungarian economy and consumer demand.
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 Annual series tracks Hungary's total household and government consumption, a key indicator of economic activity and living standards. It is widely used by economists, policymakers, and analysts to assess the health of the Hungarian economy and inform economic policy decisions.
Methodology
The data is collected by the Hungarian Central Statistical Office and calculated based on national accounts statistics.
Historical Context
Trends in Hungary's final consumption expenditure are closely monitored by the European Central Bank and other international institutions.
Key Facts
- Hungary's annual consumption expenditure was $138 billion in 2021.
- Household consumption accounts for approximately 75% of total final consumption.
- Consumption expenditure grew by 4.5% in 2021 after a 2.0% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures Hungary's total final consumption expenditure, including both household and government spending, adjusted for seasonal and calendar effects.
Q: Why is this trend relevant for users or analysts?
A: Trends in Hungary's consumption expenditure provide valuable insights into the overall health of the economy and consumer demand, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office and calculated based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Consumption expenditure data is closely monitored by the European Central Bank and other institutions to assess economic conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual series is published with a lag of several months, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Annual (HUNGFCEADSMEI), retrieved from FRED.