Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Thailand
THAFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
421.92
Year-over-Year Change
44.20%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household loan accounts per 1,000 adults with commercial banks in Thailand. It provides insights into access to financial services and household debt levels.
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 Loan Accounts with Commercial Banks Per 1,000 Adults for Thailand' metric tracks the penetration of consumer lending among the Thai adult population. It is used by economists and policymakers to assess financial inclusion and the health of the household credit market.
Methodology
The data is collected by the Bank of Thailand through its regular surveys and reporting on the Thai banking system.
Historical Context
This trend is relevant for understanding household financial behavior and evaluating the effectiveness of policies aimed at expanding access to credit and banking services.
Key Facts
- Thailand had 554 household loan accounts per 1,000 adults in 2021.
- This metric has grown by over 30% since 2015.
- Access to consumer credit varies significantly across Thailand's regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts per 1,000 adults with commercial banks in Thailand. It provides insights into financial inclusion and household debt levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding household financial behavior and evaluating the effectiveness of policies aimed at expanding access to credit and banking services in Thailand.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through its regular surveys and reporting on the Thai banking system.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists assessing financial inclusion and the health of the household credit market in Thailand.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be regional variations in coverage and reporting that limit the comprehensive nature of the metric.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Thailand (THAFCNODCHANUM), retrieved from FRED.