Total Credit to Non-Financial Sector, Adjusted for Breaks, for Hong Kong SAR
Billions of Hong Kong Dollars
QHKCAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,979.48
Year-over-Year Change
0.98%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Billions of Hong Kong Dollars' economic trend measures the total value of money and other financial instruments held in Hong Kong. It is a key indicator of the city's economic activity and financial strength.
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 tracks the total value of Hong Kong dollars in circulation, including currency in public hands and balances held by banks and other financial institutions. It provides insight into the overall size and liquidity of Hong Kong's financial system.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
Policymakers and analysts use this metric to assess Hong Kong's macroeconomic and monetary conditions.
Key Facts
- Hong Kong is a major global financial center.
- The Hong Kong dollar is a stable, widely-traded currency.
- Hong Kong has strict currency controls and a linked exchange rate system.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Hong Kong Dollars' series tracks the total value of the Hong Kong dollar in circulation, including currency held by the public and financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and liquidity of Hong Kong's financial system, which is crucial for assessing the city's macroeconomic and monetary conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Hong Kong's money supply and financial sector activity, which informs decisions on monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The data is reported on a regular schedule by the Hong Kong Monetary Authority with minimal delays.
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Citation
U.S. Federal Reserve, Billions of Hong Kong Dollars (QHKCAMXDCA), retrieved from FRED.