Nominal Total Credit to General Government, Adjusted for Breaks, for Hungary
Billions of Hungarian Forints
QHUGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,875.23
Year-over-Year Change
41.40%
Date Range
10/1/1969 - 10/1/2024
Summary
The 'Billions of Hungarian Forints' economic trend measures the value of output produced in Hungary, a key indicator of the country's economic performance and 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 series represents the total gross domestic product (GDP) of Hungary, expressed in billions of the Hungarian national currency, the forint. GDP is a widely used metric for evaluating the overall size and health of a national economy.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office based on surveys and economic reporting.
Historical Context
Economists and policymakers closely monitor Hungary's GDP to assess the country's economic conditions and make informed decisions.
Key Facts
- Hungary's GDP was 53.7 trillion forints in 2021.
- The Hungarian economy grew by 7.1% in 2021 after a pandemic-related contraction in 2020.
- GDP per capita in Hungary was $17,250 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Hungarian Forints' trend measures the total value of goods and services produced in Hungary, known as the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Hungary's GDP is a key indicator of the overall size and performance of the country's economy, making it highly relevant for economists, policymakers, and anyone analyzing the Hungarian economic landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office based on comprehensive surveys and economic reporting.
Q: How is this trend used in economic policy?
A: Policymakers in Hungary and around the world closely monitor the country's GDP to assess economic conditions, make informed decisions, and develop appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis, with a lag of several weeks or months. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Billions of Hungarian Forints (QHUGANXDCA), retrieved from FRED.