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World Economic Outlook from the World Economic Outlook Database
Country: Hungary - Subject: General government total expenditure 1995 - 2027
Sage Data™: A Sage Publishing Resource, Source: International Monetary Fund
Source: International Monetary Fund

Headquartered in Washington, D.C., the International Monetary Fund (IMF) was conceived at a United Nations conference that convened in Bretton Woods, New Hampshire, United States, in July 1944. The 44 governments represented at that conference sought to build a framework for economic cooperation that would avoid a repetition of the vicious circle of competitive devaluations that had contributed to the Great Depression of the 1930s. As of 2023, the IMF has 190 member countries. Its primary purpose is to ensure the stability of the international monetary system, specifically the system of exchange rates and international payments that enables countries (and their citizens) to transact with one other. This system is essential for promoting sustainable economic growth, increasing living standards, and reducing poverty. The Fund’s mandate has recently been clarified and updated to cover the full range of macroeconomic and financial sector issues that bear on global stability. The IMF is a specialized independent agency of the United Nations but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy.

Dataset: World Economic Outlook from the World Economic Outlook Database

The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries. Data and projections for 189 economies form the statistical basis of the WEO database.

The WEO database reflects information from both national source agencies and international organizations. The data are maintained jointly by the IMF’s Research Department and regional departments, with the latter regularly updating country projections based on consistent global assumptions. Most countries’ macroeconomic data presented in the WEO conform broadly to the 1993 version of the System of National Accounts (SNA). Data are available from 1980 to the present, and projections are given for the next two years. Additionally, medium-term projections are available for selected indicators. For some countries, data are incomplete or unavailable for certain years. The base year for index statistics varies by indicator and nation.

As of February 2020, data for the United Kingdom are no longer included in the European Union composites. Beginning 2023, Croatia joined the euro area and thus will be included in the relevant aggregates. Beginning with the April 2023 WEO release, ASEAN-5 comprises Indonesia, Malaysia, the Philippines, Singapore, and Thailand. See IMF's technical documentation for further country-specific details and explanations.

Technical Documentation
Citation

International Monetary Fund (2024-10-23). World Economic Outlook: World Economic Outlook | Hungary | General government total expenditure, 1995 - 2027. Sage Data. Sage Publishing Ltd. (Dataset). Dataset-ID: 056-007-010. https://doi.org/10.6068/DP1847DC2624517

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