Producer Prices Index: Type of Goods: Consumer Goods: Total for Hungary
Growth rate previous period, Quarterly
HUNPITGCG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.35
Year-over-Year Change
188.66%
Date Range
4/1/1998 - 10/1/2022
Summary
The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter change in Hungary's Gross Domestic Product, providing insights into the pace of economic 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
This quarterly economic indicator tracks the percentage change in Hungary's GDP compared to the previous quarter. It is a key metric used by economists and policymakers to monitor the nation's economic performance and trajectory.
Methodology
The data is calculated by the Hungarian Central Statistical Office based on official GDP figures.
Historical Context
This trend is widely followed by investors, analysts, and government agencies to assess Hungary's economic health and inform policy decisions.
Key Facts
- Hungary's GDP grew 1.1% in Q4 2022 compared to the previous quarter.
- The growth rate reached a high of 2.2% in Q2 2021 during the post-pandemic recovery.
- Quarterly GDP growth has averaged 1.1% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly measures the quarter-over-quarter percentage change in Hungary's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely gauge of Hungary's economic performance and helps economists, policymakers, and investors assess the pace of the nation's growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Hungarian Central Statistical Office based on official GDP figures.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth rates are closely monitored by the Hungarian government and central bank to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, typically 1-2 months after the end of each quarter.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Hungary
HUNCP050000GYM
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for Hungary
LRIN24TTHUQ156S
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Hungary
CSCICP03HUM665S
Broad Effective Exchange Rate for Hungary
NBHUBIS
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000IXOBM
International Trade: Net Trade: Value (Goods): Total for Hungary
HUNXTNTVA01STSAQ
Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (HUNPITGCG01GPQ), retrieved from FRED.