Fiscal Situation of General Government: Net Lending/borrowing for China, P.R.: Hong Kong
HKGGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
-83.37%
Date Range
1/1/1990 - 1/1/2029
Summary
This economic trend measures the net lending or borrowing position of China's Hong Kong general government as a percentage of GDP. It provides insights into the fiscal health and policies of the Hong Kong government.
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 net lending/borrowing figure represents the difference between government revenue and expenditure, indicating whether the government is running a surplus or deficit. This metric is crucial for evaluating the sustainability of fiscal policies and the government's ability to manage its finances.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Hong Kong government.
Historical Context
Policymakers and economists analyze this trend to assess the broader macroeconomic conditions and fiscal stance in Hong Kong.
Key Facts
- Hong Kong has maintained a balanced budget or surplus in recent years.
- The net lending/borrowing figure averaged around 2% of GDP from 2015-2019.
- The COVID-19 pandemic led to a temporary increase in the fiscal deficit in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net lending or borrowing position of China's Hong Kong general government as a percentage of GDP, providing insights into the fiscal health and policies of the Hong Kong government.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the sustainability of fiscal policies and the government's ability to manage its finances, which is crucial for assessing the broader macroeconomic conditions in Hong Kong.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Hong Kong government.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the broader macroeconomic conditions and fiscal stance in Hong Kong, which informs policy decisions and evaluations.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in reporting from the Hong Kong government.
Related Trends
U.S. Imports of Goods by Customs Basis from Hong Kong
IMP5820
Population ages 65 and above for Hong Kong SAR, China
SPPOP65UPTOZSHKG
Nominal Total Credit to General Government, Adjusted for Breaks, for Hong Kong SAR
QHKGANXDCA
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for China, P.R.: Hong Kong
HKGFCIOFMNUM
Gross Domestic Product for Hong Kong SAR, China
MKTGDPHKA646NWDB
Stock Market Turnover Ratio (Value Traded/Capitalization) for Hong Kong SAR, China
DDEM01HKA156NWDB
Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for China, P.R.: Hong Kong (HKGGGXCNLG01GDPPT), retrieved from FRED.