Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Hong Kong SAR
CRDQHKAHUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,795.67
Year-over-Year Change
4.66%
Date Range
10/1/1990 - 10/1/2024
Summary
This economic trend measures the total credit extended to households and non-profit institutions serving households in Hong Kong. It is a key indicator of consumer borrowing and financial conditions.
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 total credit to households and non-profit institutions trend represents the outstanding amount of loans and debt held by these sectors in Hong Kong. It provides insight into consumer access to credit, household deleveraging, and broader financial stability.
Methodology
The data is compiled by the Bank for International Settlements from national sources.
Historical Context
This metric is used by policymakers and analysts to assess Hong Kong's financial landscape and consumer lending environment.
Key Facts
- Hong Kong's total household credit reached a record high in 2021.
- Mortgages account for the largest share of household debt in Hong Kong.
- Growth in household credit has slowed in recent years amid cooling property market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit and debt held by households and non-profit institutions in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer borrowing, household financial conditions, and financial stability in Hong Kong.
Q: How is this data collected or calculated?
A: The data is compiled by the Bank for International Settlements from national sources in Hong Kong.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of consumer lending and financial risks in Hong Kong.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential breaks in the time series due to changes in data collection or definitions.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Hong Kong SAR (CRDQHKAHUBIS), retrieved from FRED.