Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Thailand
THAFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.64
Year-over-Year Change
35.04%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding deposits with commercial banks in Thailand as a percentage of the country's gross domestic product (GDP). It provides insights into the utilization of financial services and the overall health of the Thai banking sector.
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 outstanding deposits with commercial banks for Thailand metric represents the total value of deposits held by individuals and businesses with commercial banks in the country, expressed as a percentage of the nation's GDP. This indicator offers insights into the level of financial intermediation and the public's confidence in the banking system.
Methodology
The data is collected and calculated by the Bank of Thailand.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the financial stability and growth potential of the Thai economy.
Key Facts
- Thailand's outstanding deposits with commercial banks averaged 108% of GDP from 2010 to 2020.
- The ratio of deposits to GDP reached a high of 121% in 2020 due to increased savings during the COVID-19 pandemic.
- The Thai banking sector is largely dominated by local commercial banks, which hold over 90% of total deposits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses with commercial banks in Thailand, expressed as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial intermediation and the public's confidence in the Thai banking system, which is important for assessing the financial stability and growth potential of the economy.
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, economists, and financial analysts closely monitor this trend to assess the financial stability and growth potential of the Thai economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bank of Thailand, and there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Thailand (THAFCLODCGGDPPT), retrieved from FRED.