Total Credit to Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR
QHKCAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
408.80
Year-over-Year Change
-8.75%
Date Range
1/1/1999 - 10/1/2024
Summary
This trend measures the total credit extended to the non-financial sector in Hong Kong, adjusted for statistical breaks. It is a key indicator of the overall level of financial intermediation and credit availability in the economy.
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 Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR is a comprehensive measure of the total credit outstanding from all sources, including banks, non-bank financial institutions, and debt securities markets. It provides insights into the depth and health of Hong Kong's financial system and its role in supporting economic activity.
Methodology
The data is collected and aggregated by the Hong Kong Monetary Authority from various sources.
Historical Context
This trend is widely used by policymakers, analysts, and investors to assess Hong Kong's financial conditions and credit cycle.
Key Facts
- Hong Kong has one of the most developed financial systems in Asia.
- Credit to the non-financial sector in Hong Kong reached a record high in 2020.
- The total credit trend is a key input for assessing financial stability risks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to the non-financial sector in Hong Kong, including credit from banks, non-bank financial institutions, and debt securities markets.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the depth and health of Hong Kong's financial system and its role in supporting economic activity. It is widely used by policymakers, analysts, and investors to assess financial conditions and credit cycles.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the Hong Kong Monetary Authority from various sources.
Q: How is this trend used in economic policy?
A: This trend is a key input for policymakers and regulators in assessing financial stability risks and informing macroprudential policies in Hong Kong.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions due to statistical breaks or methodological changes.
Related Trends
Value of Exports to Hong Kong from U.S. Virgin Islands
VIHKGA052SCEN
National Accounts: Real Total Domestic Demand for China, P.R.: Hong Kong
HKGNTDDRPCPPPT
National Accounts: Real Gross Domestic Product for China, P.R.: Hong Kong
HKGNGDPRPCPPPT
Value of Exports to Hong Kong from New Jersey
NJHKGA052SCEN
Net migration for Hong Kong SAR, China
SMPOPNETMHKG
Balance of Payments: Total Net Current Account for China, P.R.: Hong Kong
HKGBCAGDPBP6PT
Citation
U.S. Federal Reserve, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR (QHKCAM770A), retrieved from FRED.