Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary
HUNLORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.19
Year-over-Year Change
1.19%
Date Range
2/1/1995 - 8/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary tracks the cyclical position of the Hungarian economy relative to its long-term trend. This metric provides early signals of turning points in the business cycle, which is crucial for policymakers and analysts.
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 leading indicator represents the ratio of Hungary's actual GDP to its estimated trend level, providing insight into the economy's position in the business cycle. It is a valuable tool for anticipating and interpreting economic fluctuations in Hungary.
Methodology
The data is calculated by the OECD using statistical methods to extract the underlying trend from GDP data.
Historical Context
Policymakers and economists use this indicator to assess the health of the Hungarian economy and inform policy decisions.
Key Facts
- The indicator ranges from 0 to 200, with 100 representing the long-term trend.
- Values above 100 suggest the economy is above its trend, while values below 100 indicate it is below trend.
- The indicator is released monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the cyclical position of the Hungarian economy relative to its long-term GDP trend, providing early signals of turning points in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is crucial for policymakers and economists to assess the health of the Hungarian economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using statistical methods to extract the underlying trend from Hungary's GDP data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the state of the Hungarian economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The indicator is released monthly by the OECD, with no significant update delays.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
HUNLCEAMN01GPSAM
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Hungary
LFWATTTTHUA647S
Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
HUNCPHP0200GPM
Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Hungary
HUNB6FAOI01NCCUQ
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
MANMM101HUM189S
Liquid Liabilities to GDP for Hungary
DDDI05HUA156NWDB
Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary (HUNLORSGPRTSTSAM), retrieved from FRED.