Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Hungary
PLGDPOHUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-15.41%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Hungary, adjusted for purchasing power parity (PPP) relative to exchange rates. It provides insights into the cost of living and competitiveness of the Hungarian economy.
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 price level of output-side real GDP at current purchasing power parities (PPP) is an indicator that compares the cost of a standardized basket of goods and services in Hungary to the cost in a reference country, typically the United States. This measure is useful for analyzing the relative purchasing power and standard of living across countries.
Methodology
The data is calculated by the OECD using national accounts and exchange rate information.
Historical Context
This trend is used by economists and policymakers to assess the competitiveness of the Hungarian economy and make cross-country comparisons.
Key Facts
- Hungary's price level of output-side real GDP at current PPP was 57.4% of the U.S. level in 2021.
- This measure has increased from 49.4% of the U.S. level in 2010, indicating rising purchasing power in Hungary.
- The PPP-adjusted price level is lower than the nominal exchange rate, suggesting the Hungarian forint is undervalued.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Hungary, adjusted for purchasing power parity (PPP) relative to exchange rates. It provides insights into the cost of living and competitiveness of the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for analyzing the relative purchasing power and standard of living across countries, as well as assessing the competitiveness of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the competitiveness of the Hungarian economy and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and exchange rate information, which may result in occasional update delays.
Related Trends
Exchange Rate (market+estimated) for Islamic Republic of Iran
XRNCUSIRA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Indonesia
PLGDPOIDA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Georgia
PLGDPOGEA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Saint Vincent and the Grenadines
PLGDPOVCA670NRUG
Exchange Rate (market+estimated) for Cyprus
XRNCUSCYA618NRUG
Exchange Rate (market+estimated) for Poland
XRNCUSPLA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Hungary (PLGDPOHUA670NRUG), retrieved from FRED.