National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Hungary
NAEXKP01HUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
-62.46%
Date Range
4/1/1995 - 4/1/2025
Summary
This economic indicator measures Hungary's total Gross Domestic Product (GDP) at constant prices, providing a measure of real economic activity over time.
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
GDP by expenditure is a key macroeconomic statistic that tracks the total value of goods and services produced within a country. The constant price data adjusts for inflation, enabling economists to analyze real growth trends in the Hungarian economy.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office using national accounts methodology.
Historical Context
Policymakers and analysts use this GDP data to assess the overall health and trajectory of the Hungarian economy.
Key Facts
- Hungary's GDP was $171 billion in 2021.
- GDP growth in Hungary averaged 2.3% per year from 2010-2019.
- The services sector accounts for over 60% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Hungary's total Gross Domestic Product (GDP) at constant prices, providing a measure of real economic activity over time.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental macroeconomic statistic used to assess the overall health and growth trajectory of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office using national accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP data to evaluate the performance of the Hungarian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have some delay in reporting compared to the reference period.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Hungary (NAEXKP01HUQ657S), retrieved from FRED.