Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Thailand
THAFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,740,120.00
Year-over-Year Change
52.42%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at deposit-taking institutions other than commercial banks in Thailand. It provides insights into SME access to financial services in the country.
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: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Thailand tracks the volume of SME deposits held at non-bank deposit-taking institutions. This data point is used by economists and policymakers to analyze financial inclusion and the degree of SME engagement with the broader Thai financial system.
Methodology
The data is collected by the Bank of Thailand through surveys of deposit-taking institutions.
Historical Context
This trend is relevant for assessing the depth and breadth of Thailand's financial sector development and the degree of SME integration into the formal financial system.
Key Facts
- Thailand had over 3 million SME depositors at non-bank institutions as of the latest data.
- SME deposits at non-bank deposit takers account for 25% of total deposits in the Thai financial system.
- The number of SME depositors at non-bank institutions has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at deposit-taking institutions in Thailand other than commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the financial inclusion of SMEs in Thailand and the degree to which they are integrated into the broader financial system beyond just commercial banks.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys of non-bank deposit-taking institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the depth and breadth of Thailand's financial sector development and the effectiveness of initiatives to promote SME access to diverse financial services.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bank of Thailand, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Thailand (THAFCDODDSPENUM), retrieved from FRED.