Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Thailand
CRDQTHAHABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,581.91
Year-over-Year Change
7.11%
Date Range
10/1/1991 - 10/1/2024
Summary
This economic trend measures the total credit extended to households and non-profit institutions serving households in Thailand, adjusted for breaks in the data series. It provides insight into the level of consumer and institutional borrowing in 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 Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks series tracks the outstanding loans, mortgages, and other credit instruments extended to Thai households and non-profit organizations. This metric is used by economists and policymakers to gauge the financial health and borrowing capacity of the consumer sector.
Methodology
The data is collected and calculated by the Bank of Thailand.
Historical Context
This trend is closely monitored by the Thai central bank and financial regulators to assess macroeconomic conditions and credit market dynamics.
Key Facts
- Thailand's total household credit reached $472 billion as of 2021.
- Credit to households accounts for over 70% of total credit in the Thai economy.
- The household credit-to-GDP ratio in Thailand is among the highest in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit and loans extended to households and non-profit institutions serving households in Thailand, adjusted for any breaks or discontinuities in the data series.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the borrowing capacity and financial health of the consumer sector in Thailand, which is crucial for assessing macroeconomic conditions and credit market dynamics.
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: Thai central bank and financial regulators closely monitor this trend to evaluate the credit environment and make informed decisions about monetary and macroprudential policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to account for changes in reporting or data collection methodologies.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Thailand (CRDQTHAHABIS), retrieved from FRED.