Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for China, P.R.: Hong Kong
HKGFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
338.26
Year-over-Year Change
30.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in China's Hong Kong region as a percentage of its gross domestic product (GDP). It provides insights into the financial services usage and credit conditions in the Hong Kong 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 Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for China, P.R.: Hong Kong series tracks the level of commercial bank lending in Hong Kong relative to the size of its overall economy. This metric is used by economists and policymakers to assess the development and stability of the region's financial system.
Methodology
The data is collected and calculated by the Hong Kong Monetary Authority based on reports from commercial banks.
Historical Context
This indicator is relevant for understanding Hong Kong's financial markets and the overall health of its economy.
Key Facts
- Hong Kong's commercial bank loans were 206.4% of GDP in 2021.
- This indicator has increased from 185.5% in 2015.
- Hong Kong has one of the highest levels of financial service usage globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in China's Hong Kong region as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial services usage and credit conditions in the Hong Kong economy, which is relevant for understanding the region's financial markets and overall economic health.
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 commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the development and stability of Hong Kong's financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hong Kong Monetary Authority, but there may be some delays in reporting and potential limitations in coverage or accuracy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for China, P.R.: Hong Kong (HKGFCSODCGGDPPT), retrieved from FRED.