Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Thailand
THAFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,481.72
Year-over-Year Change
36.23%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Thailand. It provides insights into financial inclusion and the use of banking services by the Thai population.
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, Household Depositors with Commercial Banks Per 1000 Adults for Thailand' series tracks the level of access to and usage of formal banking services by Thai households. This metric is an important indicator of financial inclusion and the overall development of the country's financial system.
Methodology
The data is collected by the World Bank from national authorities and compiled in the Global Financial Inclusion (Global Findex) Database.
Historical Context
Policymakers and financial analysts use this indicator to assess progress towards financial inclusion goals and identify areas for improvement in Thailand's banking sector.
Key Facts
- Thailand had 779 household depositors per 1,000 adults in 2017.
- The number of depositors has increased by over 15% since 2011.
- Financial inclusion remains a key policy priority in Thailand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Thailand. It provides insights into the level of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important metric for assessing the development and accessibility of the banking sector in Thailand. It helps policymakers and financial analysts track progress towards financial inclusion goals and identify areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national authorities and compiled in the Global Financial Inclusion (Global Findex) Database.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to monitor financial inclusion and access to banking services in Thailand. It informs policy decisions and strategies aimed at expanding the reach of the formal financial system.
Q: Are there update delays or limitations?
A: The data is published biennially by the World Bank, so there may be a delay of up to two years in the latest available information.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Thailand (THAFCDODCHANUM), retrieved from FRED.