Price Level of Exports for Hungary
PLXCPPHUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
6.98%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Hungary measures the changes in the prices of goods and services exported from Hungary. This metric is crucial for analyzing Hungary's international trade competitiveness and the impact of exchange rate fluctuations on its export sector.
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 Price Level of Exports for Hungary is an index that tracks the overall price changes of products and services exported from Hungary. It is used to assess the country's export price dynamics and international cost competitiveness, which are important factors in trade policy and business strategy decisions.
Methodology
The data is collected by the Hungarian Central Statistical Office through surveys of exporting companies.
Historical Context
Policymakers and economists use this index to gauge Hungary's export price trends and their potential effects on the country's trade balance and overall economic performance.
Key Facts
- The base year for the Price Level of Exports for Hungary is 2015.
- Hungary is a major exporter of machinery, transportation equipment, and manufactured goods.
- Export prices can influence a country's trade balance and overall economic growth.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Hungary measures the changes in the prices of goods and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for analyzing Hungary's international trade competitiveness and the impact of exchange rate fluctuations on its export sector.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to gauge Hungary's export price trends and their potential effects on the country's trade balance and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hungarian Central Statistical Office, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Price Level of Exports for Hungary (PLXCPPHUA670NRUG), retrieved from FRED.