Cash surplus/deficit (% of GDP) for Hong Kong SAR, China
CASHBLHKA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.11
Year-over-Year Change
-106.20%
Date Range
1/1/2002 - 1/1/2011
Summary
This economic trend measures the cash surplus or deficit of the Hong Kong SAR government as a percentage of its gross domestic product (GDP). It is an important indicator of fiscal policy and government spending.
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 cash surplus/deficit (% of GDP) for Hong Kong SAR, China represents the difference between the government's cash receipts and its cash payments, expressed as a percentage of the territory's total economic output. This metric provides insight into the government's fiscal position and ability to manage its budget.
Methodology
The data is calculated by the Hong Kong Monetary Authority based on official government financial statements.
Historical Context
Policymakers and analysts use this metric to assess the sustainability of Hong Kong's fiscal policies and the government's capacity for future investment or social spending.
Key Facts
- Hong Kong has maintained a fiscal surplus for over 20 consecutive years.
- The government's fiscal surplus averaged 3.1% of GDP from 2010 to 2020.
- Hong Kong has no public debt and maintains substantial fiscal reserves.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between the Hong Kong government's cash receipts and cash payments, expressed as a percentage of the territory's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The cash surplus/deficit (% of GDP) provides insight into the Hong Kong government's fiscal position, budget management, and capacity for future spending or investment.
Q: How is this data collected or calculated?
A: The data is calculated by the Hong Kong Monetary Authority based on official government financial statements.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the sustainability of Hong Kong's fiscal policies and the government's capacity for future investment or social spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, typically 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for Hong Kong SAR, China (CASHBLHKA188A), retrieved from FRED.