Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hungary
KGPPPGHUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.22
Year-over-Year Change
-10.61%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the government consumption share of purchasing power parity (PPP)-converted GDP per capita for Hungary at constant prices. It provides insights into the role of government spending in the country's economic activity.
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 government consumption share of PPP-converted GDP per capita represents the portion of a country's economic output that is consumed by the government. This metric is useful for evaluating the size and influence of the public sector within an economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is commonly used by economists and policymakers to analyze fiscal policy and the government's role in the broader economy.
Key Facts
- Hungary's government consumption share of PPP-converted GDP per capita was 19.7% in 2021.
- This metric has fluctuated between 18-21% in Hungary over the past decade.
- Government consumption accounts for a relatively smaller portion of GDP in Hungary compared to many other European countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's economic output, as measured by GDP per capita on a purchasing power parity basis, that is consumed by the government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within a country's economy, which is an important consideration for fiscal policy and economic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate the government's fiscal footprint and its impact on overall economic activity and growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hungary (KGPPPGHUA156NUPN), retrieved from FRED.