Use of Financial Services: Number of Loan Accounts at Commercial Banks for Thailand
THAFCNODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,532,379.00
Year-over-Year Change
36.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of loan accounts at commercial banks in Thailand. It provides insights into the level of financial inclusion and access to credit 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: Number of Loan Accounts at Commercial Banks for Thailand' series tracks the total number of loan accounts held by individuals and businesses at commercial banks operating in Thailand. This metric is a key indicator of financial intermediation and the depth of the Thai banking system.
Methodology
The data is collected by the Bank of Thailand through surveys of commercial banks.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the development of Thailand's financial sector and access to credit.
Key Facts
- Thailand had over 55 million loan accounts at commercial banks as of 2021.
- The number of loan accounts has grown by over 50% in the past decade.
- Access to credit remains uneven, with disparities between urban and rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by individuals and businesses at commercial banks operating in Thailand.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit in the Thai economy, which is crucial for understanding economic development and financial sector stability.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the development of Thailand's financial sector and identify areas where access to credit may need to be improved.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Bank of Thailand, with minimal delays. However, the metric may not capture all informal lending activities in the economy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Commercial Banks for Thailand (THAFCNODCNUM), retrieved from FRED.