National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Hungary
NAEXKP07HUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.50
Year-over-Year Change
83.86%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic indicator measures the inflation-adjusted imports of goods and services for Hungary, a key component of the country's GDP by expenditure. It provides insights into Hungary's trade balance and international economic activity.
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: Less: Imports of Goods and Services for Hungary' series represents the volume of imports of both goods and services in Hungary, adjusted for inflation. This metric is used to calculate real GDP by expenditure, offering analysts a comprehensive view of the nation's economic performance.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office using national accounting standards.
Historical Context
This import trend is widely tracked by economists, policymakers, and investors to assess Hungary's trade dynamics and overall economic health.
Key Facts
- Hungary's imports of goods and services totaled €105 billion in 2021.
- Imports account for approximately 90% of Hungary's GDP.
- Import volumes have grown by 12% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the inflation-adjusted volume of imports of goods and services for Hungary, a key component of the country's GDP by expenditure.
Q: Why is this trend relevant for users or analysts?
A: This import trend is widely tracked to assess Hungary's trade dynamics and overall economic health, as imports are a significant part of the country's GDP.
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 economists use this import trend to evaluate Hungary's trade balance, international competitiveness, and the impact of imports on the domestic economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Hungary (NAEXKP07HUA661S), retrieved from FRED.