Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hungary
KCPPPGHUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.58
Year-over-Year Change
-3.28%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of purchasing power parity-adjusted GDP per capita spent on consumption in Hungary. It provides insights into consumer spending patterns and helps analyze the country's economic development.
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 Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hungary represents the proportion of a country's economic output that is devoted to household consumption. This metric is useful for cross-country comparisons and evaluating the standard of living.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess Hungary's economic performance and consumer behavior.
Key Facts
- Hungary's consumption share was 56.4% in 2021.
- Consumption share has decreased from a high of 59.4% in 2006.
- Household consumption is a major component of Hungary's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Hungary's GDP per capita that is spent on household consumption, adjusting for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is a key indicator of a country's economic development and consumer behavior, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Hungary's economic performance, consumer spending patterns, and standard of living compared to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hungary (KCPPPGHUA156NUPN), retrieved from FRED.