Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Thailand
THAFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.08
Year-over-Year Change
26.21%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from credit unions and financial cooperatives in Thailand as a percentage of the country's GDP. It provides insights into the usage and penetration of financial services within the Thai 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 Credit Unions and Financial Cooperatives for Thailand series tracks the value of outstanding loans from credit unions and financial cooperatives in Thailand. This metric is used to assess the depth and breadth of financial inclusion and access to credit within the Thai financial system.
Methodology
The data is collected and calculated by the Bank of Thailand.
Historical Context
This trend is valuable for policymakers and economists analyzing financial sector development and financial inclusion in Thailand.
Key Facts
- Credit unions and cooperatives account for over 10% of total loans in the Thai financial system.
- Outstanding loans from these institutions have grown by an average of 7% annually over the past decade.
- Thailand has over 1,000 registered credit unions and financial cooperatives nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from credit unions and financial cooperatives in Thailand as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and breadth of financial inclusion and access to credit within the Thai financial system, which is important for policymakers and economists analyzing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers and economists analyzing financial sector development and financial inclusion in Thailand.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the Bank of Thailand provides this series on a regular basis.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Thailand (THAFCSODUGGDPPT), retrieved from FRED.