National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Hungary
NAEXKP03HUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,080,385,000,000.00
Year-over-Year Change
8.81%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Hungary, a key component of the country's gross domestic product (GDP). It provides insights into the role of government spending in the overall economic performance.
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
The National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Hungary tracks the inflation-adjusted value of government spending on goods and services within the Hungarian economy. This metric is essential for understanding the fiscal policy stance and its impact on economic growth.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office using national accounting standards.
Historical Context
Policymakers and analysts monitor this trend to assess the government's role in driving economic activity and inform fiscal policy decisions.
Key Facts
- Government spending accounts for over 20% of Hungary's GDP.
- Real government consumption expenditure has grown by an average of 2.5% annually over the past decade.
- Changes in this metric can signal shifts in the government's fiscal policy stance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of government spending on goods and services in Hungary, a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is essential for understanding the government's role in driving economic activity and informing fiscal policy decisions in Hungary.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office using national accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the government's fiscal policy stance and its impact on overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with potential delays of several months due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Hungary (NAEXKP03HUQ189S), retrieved from FRED.