Real GDP at Constant National Prices for Hungary
RGDPNAHUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288,606.09
Year-over-Year Change
24.09%
Date Range
1/1/1970 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Hungary is a key indicator of the overall economic performance and growth of the Hungarian economy. It measures the inflation-adjusted total value of all goods and services produced within Hungary.
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
This economic trend represents the real, inflation-adjusted Gross Domestic Product (GDP) of Hungary, a leading indicator of the country's economic health. It is widely used by economists, policymakers, and analysts to assess the state of the Hungarian economy and make informed decisions.
Methodology
The data is calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and market participants closely monitor this trend to gauge Hungary's economic trajectory and inform economic and financial decisions.
Key Facts
- Hungary's real GDP grew by 7.1% in 2021.
- The service sector accounts for over 60% of Hungary's GDP.
- Hungary's economy is heavily influenced by trade with the European Union.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Hungary measures the total value of all goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Hungary's economic performance and growth, providing valuable insights for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to assess the state of the Hungarian economy and inform economic and financial decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank, and may have a delay in availability.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Hungary (RGDPNAHUA666NRUG), retrieved from FRED.