Nominal Total Credit to General Government, Adjusted for Breaks, for Hungary
QHUGAN770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.60
Year-over-Year Change
-3.92%
Date Range
10/1/1970 - 10/1/2024
Summary
This economic indicator measures the total outstanding credit to the general government sector in Hungary, adjusted for any data breaks. It provides insight into the government's reliance on debt financing.
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 Nominal Total Credit to General Government, Adjusted for Breaks metric represents the total outstanding credit extended to Hungary's public sector, including central, state, and local governments. This helps analysts and policymakers understand the government's financing and debt sustainability.
Methodology
The data is collected and reported by the National Bank of Hungary.
Historical Context
This metric is closely watched by economists, investors, and policymakers to assess Hungary's fiscal position and creditworthiness.
Key Facts
- Hungary's general government credit totaled €84 billion in 2021.
- This metric has increased by 24% over the past 5 years.
- Government debt is equivalent to 76% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total outstanding credit extended to Hungary's general government sector, including central, state, and local administrations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Hungary's government financing and debt sustainability, which is a key consideration for investors, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Hungary.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Hungary's fiscal position, creditworthiness, and the government's reliance on debt financing.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Hungary (QHUGAN770A), retrieved from FRED.