Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR
CRDQHKAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,421.39
Year-over-Year Change
-1.39%
Date Range
10/1/1978 - 10/1/2024
Summary
The 'Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR' measures the total amount of credit extended to the private non-financial sector in Hong Kong. This metric is a key indicator of financial conditions and economic activity in the region.
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 series represents the total outstanding credit, including loans and debt securities, provided to the private non-financial sector in Hong Kong. It is adjusted for statistical breaks to provide a consistent historical time series. Economists and policymakers monitor this data to assess the flow of credit and its potential impact on economic growth and financial stability.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) from national sources.
Historical Context
Trends in private sector credit are closely watched by central banks, financial regulators, and market participants for insights into macroeconomic and financial conditions.
Key Facts
- Hong Kong's private sector credit-to-GDP ratio was 258% as of 2021.
- Credit growth slowed to 4.6% year-over-year in 2022 amid economic headwinds.
- The series is adjusted for statistical breaks to provide a consistent historical time series.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit, including loans and debt securities, extended to the private non-financial sector in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: Trends in private sector credit are closely watched by economists, policymakers, and market participants as an indicator of financial conditions and economic activity in Hong Kong.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank for International Settlements (BIS) from national sources.
Q: How is this trend used in economic policy?
A: Central banks, financial regulators, and other institutions monitor this data to assess the flow of credit and its potential impact on economic growth and financial stability in Hong Kong.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a lag, and the series is adjusted for statistical breaks to provide a consistent historical time series.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR (CRDQHKAPABIS), retrieved from FRED.