Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Hong Kong SAR
CRDQHKAHABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,795.67
Year-over-Year Change
4.66%
Date Range
10/1/1990 - 10/1/2024
Summary
This economic trend measures the total credit extended to households and non-profit institutions serving households in Hong Kong. It is a key indicator of consumer debt levels and financial stability 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
The Total Credit to Households and Non-Profit Institutions Serving Households trend tracks the total outstanding credit provided to individual consumers and non-profit organizations in Hong Kong. It is an important metric for assessing the financial health and spending power of the domestic economy.
Methodology
The data is collected and calculated by the Hong Kong Monetary Authority based on reports from financial institutions.
Historical Context
Policymakers and economists closely monitor this trend to gauge consumer debt levels and make informed decisions about monetary and fiscal policies.
Key Facts
- Hong Kong has one of the highest household debt-to-GDP ratios globally.
- Credit to households has risen steadily in recent decades, reflecting growth in consumer spending.
- Policymakers monitor this trend to assess financial vulnerabilities and guide macroprudential policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding credit extended to households and non-profit institutions serving households in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer debt levels and financial stability in the Hong Kong economy, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hong Kong Monetary Authority based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess consumer debt levels and guide monetary and fiscal policies to promote financial stability.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Hong Kong SAR (CRDQHKAHABIS), retrieved from FRED.