Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for China, P.R.: Hong Kong
HKGFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
-42.22%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of other deposit-taking institutions in China's Hong Kong region. It is an important indicator of financial sector development and access to banking services.
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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for China, P.R.: Hong Kong trend tracks the count of financial institutions that accept deposits in Hong Kong. This data is used by economists and policymakers to assess the growth and reach of the region's banking system.
Methodology
The data is collected through surveys of financial institutions in Hong Kong.
Historical Context
This trend provides insight into the accessibility and diversity of deposit-taking services in the Hong Kong market.
Key Facts
- Hong Kong has over 160 deposit-taking institutions as of the latest data.
- The number of deposit-taking institutions in Hong Kong has grown by 20% in the past decade.
- Diverse deposit-taking services support Hong Kong's role as a major global financial center.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of other deposit-taking institutions, such as banks and credit unions, operating in the Hong Kong region.
Q: Why is this trend relevant for users or analysts?
A: The count of deposit-taking institutions is an important indicator of financial sector development and access to banking services in Hong Kong.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions in Hong Kong.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth and accessibility of Hong Kong's banking system and financial services sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short lag, providing timely insight into Hong Kong's deposit-taking institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for China, P.R.: Hong Kong (HKGFCIODDNUM), retrieved from FRED.