Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Thailand
QTHPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.30
Year-over-Year Change
-6.95%
Date Range
10/1/1970 - 10/1/2024
Summary
The 'Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Thailand' measures the total amount of credit extended to the private non-financial sector in Thailand. This metric is important for understanding the health and financing of 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
This series represents the total amount of credit, loans, and debt instruments held by the private non-financial sector in Thailand, adjusted for any statistical breaks in the data series. It is a key indicator of the level of economic activity and financing conditions in the country.
Methodology
The data is collected and calculated by the Bank of Thailand.
Historical Context
Policymakers and analysts use this metric to gauge the overall availability of credit and financing for businesses and households in Thailand.
Key Facts
- Thailand's total private credit reached a record high in 2021.
- Credit to the private sector accounts for over 150% of Thailand's GDP.
- Private credit growth has slowed in recent years due to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total amount of credit, loans, and debt instruments held by the private non-financial sector in Thailand, adjusted for any statistical breaks in the data.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the overall level of economic activity and financing conditions in Thailand, as private sector credit is a key driver of economic growth.
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: Policymakers and analysts use this metric to gauge the availability of credit and financing for businesses and households, which informs decisions around monetary policy and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of a few months, so there may be some delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Thailand (QTHPAM770A), retrieved from FRED.