Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Thailand
CRDQTHAHUBIS • 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, unadjusted for breaks. It provides insight into the overall level of household indebtedness and credit market conditions.
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 trend is an important indicator of the financial health and borrowing patterns of the consumer sector in Thailand. It is used by economists and policymakers to assess the availability of credit, consumer demand, and potential risks to financial stability.
Methodology
The data is collected by the Bank of Thailand and calculated as the total outstanding credit extended to households and non-profit institutions.
Historical Context
This trend is closely monitored by the Thai central bank and other authorities to inform monetary and macroprudential policies.
Key Facts
- Thailand's total household credit reached a record high in 2020.
- Household debt-to-GDP ratio in Thailand exceeds 80%.
- Residential mortgages account for the largest share of household credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to households and non-profit institutions serving households in Thailand, unadjusted for breaks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall level of household indebtedness and credit market conditions in Thailand, which is important for assessing consumer demand, financial stability, and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand and calculated as the total outstanding credit extended to households and non-profit institutions.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Thai central bank and other authorities to inform monetary and macroprudential policies aimed at maintaining financial stability and supporting sustainable household credit growth.
Q: Are there update delays or limitations?
A: The data may be subject to occasional revisions and updates, and there may be lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Thailand (CRDQTHAHUBIS), retrieved from FRED.