International Trade: Imports: Value (Goods): Total for Hungary
XTIMVA01HUQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.46
Year-over-Year Change
-9.41%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'International Trade: Imports: Value (Goods): Total for Hungary' trend measures the total value of goods imported into Hungary. This metric is a key indicator of Hungary's international trade dynamics and economic integration.
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 economic series tracks the overall value of merchandise imports into Hungary, a major central European economy. Monitoring import trends helps economists and policymakers assess Hungary's trade balance, consumer demand, and broader macroeconomic conditions.
Methodology
The data is collected and reported by Hungary's Central Statistical Office.
Historical Context
Policymakers use this import value data to inform trade, monetary, and fiscal policies.
Key Facts
- Hungary is a major trading partner of the European Union.
- Import values reflect domestic consumer and industrial demand.
- Imports account for around 80% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of goods imported into Hungary, a key indicator of the country's international trade activity and economic integration.
Q: Why is this trend relevant for users or analysts?
A: Monitoring import trends helps economists and policymakers assess Hungary's trade balance, consumer demand, and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by Hungary's Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers use this import value data to inform trade, monetary, and fiscal policies in Hungary.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of Hungary's statistical agency.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Hungary (XTIMVA01HUQ188S), retrieved from FRED.