Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Thailand
THAFCLODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.99
Year-over-Year Change
97.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with credit unions and financial cooperatives in Thailand as a percentage of GDP. It provides insights into the utilization of financial services in 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
The Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Thailand reflects the level of financial inclusion and the public's engagement with cooperative financial institutions. This metric is used by economists and policymakers to evaluate the accessibility and adoption of formal financial services.
Methodology
The data is collected and calculated by the Bank of Thailand based on reports from credit unions and financial cooperatives.
Historical Context
This indicator offers valuable context for understanding the role of cooperative finance in Thailand's economic development and financial system.
Key Facts
- Thailand's outstanding deposits with credit unions and financial cooperatives were 5.5% of GDP in 2020.
- Cooperative finance plays a significant role in providing financial services to underserved communities in Thailand.
- The trend has shown steady growth over the past decade, indicating increased financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with credit unions and financial cooperatives in Thailand as a percentage of the country's GDP. It provides insights into the level of financial inclusion and the public's engagement with cooperative financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for economists and policymakers as it offers insights into the role of cooperative finance in Thailand's financial system and the accessibility of formal financial services for the population.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Thailand based on reports from credit unions and financial cooperatives operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial regulators to assess the level of financial inclusion and the effectiveness of initiatives aimed at expanding access to formal financial services in Thailand.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all cooperative financial institutions, especially in rural areas.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Thailand (THAFCLODUGGDPPT), retrieved from FRED.