Producer Prices Index: Economic Activities: Manufacturing: Total for Hungary
Growth rate same period previous year, Quarterly
HUNPIEAMP01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.60
Year-over-Year Change
775.63%
Date Range
1/1/1996 - 10/1/2022
Summary
The Growth rate same period previous year, Quarterly series measures the year-over-year change in Hungary's Quarterly gross domestic product (GDP). This key economic indicator provides insights into the pace of economic growth and is closely watched by 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 series represents the year-on-year percentage change in Hungary's quarterly GDP, providing a measure of economic expansion or contraction relative to the same period in the prior year. It is a widely used indicator for evaluating the overall health and momentum of the Hungarian economy.
Methodology
The data is calculated based on quarterly GDP figures published by the Hungarian Central Statistical Office.
Historical Context
This trend is referenced by economists, investors, and policymakers to assess the state of the Hungarian economy and inform economic policy decisions.
Key Facts
- Hungary's GDP grew 4.1% year-over-year in Q4 2022.
- The economy expanded 7.1% in 2021 after contracting 4.5% in 2020.
- Quarterly GDP growth has averaged 3.8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percentage change in Hungary's quarterly gross domestic product (GDP), providing a gauge of the country's economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of quarterly GDP is a key indicator of the overall health and momentum of the Hungarian economy, and is closely watched by policymakers, investors, and analysts to inform economic decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly GDP figures published by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this GDP growth metric to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The quarterly GDP data is typically released with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (HUNPIEAMP01GYQ), retrieved from FRED.