Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Thailand
QTHPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
-7.88%
Date Range
10/1/1970 - 10/1/2024
Summary
This economic trend measures the value of credit extended by banks to the private non-financial sector in Thailand, adjusted for statistical breaks. It provides insights into the availability of credit and the health of the Thai financial system.
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 Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Thailand metric tracks the total value of loans and other credit instruments provided by banks to businesses and households outside the financial sector. It offers a gauge of the level of financial intermediation and the ability of the private sector to access credit.
Methodology
The data is collected and compiled by the Bank of Thailand.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the flow of credit and financial conditions in the Thai economy.
Key Facts
- Thailand's private non-financial sector credit reached a record high in 2021.
- Bank lending accounts for over 70% of total credit in the Thai economy.
- Credit growth has been a key driver of Thailand's economic expansion in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of credit extended by banks to the private non-financial sector in Thailand, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: The level of bank credit to the private sector is a crucial indicator of financial intermediation and the ability of businesses and households to access financing, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor private sector credit trends to assess financial conditions and the effectiveness of monetary policy in supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and the series is adjusted for statistical breaks to maintain historical comparability.
Related Trends
Bank's Return on Assets for Thailand
DDEI05THA156NWDB
Population, Total for Thailand
POPTOTTHA647NWDB
Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Thailand
THAFCNODDHNUM
Number of Identified Exporters to Thailand from South Carolina
SCTHAA475SCEN
Value of Exports to Thailand from Arizona
AZTHAA052SCEN
Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Thailand
THAFCRODUPENUM
Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Thailand (QTHPBM770A), retrieved from FRED.