National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Hungary
HUNGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,898,417,000,000.00
Year-over-Year Change
51.33%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Hungary, which is a key component of the country's gross domestic product (GDP) by expenditure. It provides insight into the size and role of the public sector in 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
Government final consumption expenditure represents the value of goods and services produced by the government for immediate consumption. It is an important indicator of the scale of public sector activity and its contribution to overall economic activity in Hungary.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the fiscal policy stance and broader macroeconomic conditions in Hungary.
Key Facts
- Government consumption was 19.4% of Hungary's GDP in 2021.
- Hungary's government expenditure has remained relatively stable over the past decade.
- The public sector accounts for a significant portion of economic activity in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Hungary, which represents the value of goods and services produced by the government for immediate consumption.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and role of the public sector in the Hungarian economy, which is an important indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used to assess the fiscal policy stance and broader macroeconomic conditions in Hungary by economists, policymakers, and market analysts.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hungarian Central Statistical Office, with minimal update delays.
Related Trends
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Hungary
TDSAMRIAOAIHU
Harmonized Index of Consumer Prices: Insurance for Hungary
CP1250HUM086NEST
Provisions to Non-Performing Loans for Hungary
DDSI07HUA156NWDB
Life Insurance Premium Volume to GDP for Hungary
DDDI09HUA156NWDB
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Hungary
LREM74MAHUQ156S
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Hungary
HUNCP090000IXNBQ
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Hungary (HUNGFCEQDSMEI), retrieved from FRED.