Gross National Income for Hungary
MKTGNIHUA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217,101,887,067.63
Year-over-Year Change
76.07%
Date Range
1/1/1968 - 1/1/2024
Summary
Gross National Income (GNI) for Hungary measures the total domestic and foreign economic output claimed by residents of Hungary. This metric is a key indicator of a country's economic performance and living standards.
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
GNI represents the sum of value added by all resident producers in the Hungarian economy, plus any product taxes (less subsidies) not included in output, plus net receipts of primary income from abroad. It is a comprehensive measure of a country's economic activity and a key statistic used by economists and policymakers.
Methodology
GNI data for Hungary is collected and calculated by the World Bank based on national accounts information.
Historical Context
GNI is widely used to evaluate Hungary's economic progress and compare its living standards to other countries.
Key Facts
- Hungary's GNI per capita was $15,850 in 2021.
- GNI grew by 7.1% in Hungary in 2021 after a 5.0% decline in 2020.
- Hungary's GNI as a share of global GNI was 0.15% in 2021.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Hungary measures the total value of goods and services produced by Hungarian residents, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive measure of a country's economic performance and living standards, making it a key indicator used by economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates GNI data for Hungary based on the country's national accounts information.
Q: How is this trend used in economic policy?
A: GNI data is widely used to evaluate Hungary's economic progress, compare its living standards to other countries, and inform economic and social policies.
Q: Are there update delays or limitations?
A: GNI data for Hungary is published annually with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary
HUNLORSGPRTSTSAM
Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Hungary
CP0121HUM086NEST
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Hungary
HUNCP110000GPM
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary
LRUN74MAHUA156S
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Hungary
HUNIMPORTQDSMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Hungary
LRHUADFEHUQ156S
Citation
U.S. Federal Reserve, Gross National Income for Hungary (MKTGNIHUA646NWDB), retrieved from FRED.