Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Thailand
THAFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.19
Year-over-Year Change
21.84%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with credit unions and financial cooperatives per 1,000 adults in Thailand. It provides insights into the financial inclusion and access to credit 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: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Thailand' series tracks the availability and utilization of credit union and cooperative financial services in the Thai population. This data point is useful for analyzing financial sector development and the reach of formal credit channels.
Methodology
The data is collected and calculated by the Bank of Thailand based on surveys and administrative records.
Historical Context
This trend is relevant for policymakers and financial analysts examining financial inclusion and the role of cooperative credit institutions in Thailand's economy.
Key Facts
- Thailand had 164.74 loan accounts with credit unions and financial cooperatives per 1,000 adults in 2020.
- Cooperative credit institutions play a significant role in providing financial services in rural and underserved areas of Thailand.
- The number of loan accounts per capita has grown steadily in Thailand over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with credit unions and financial cooperatives per 1,000 adults in Thailand. It provides insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and financial analysts examining financial sector development, the role of cooperative credit institutions, and financial inclusion in the Thai economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Thailand based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to analyze the reach and impact of cooperative credit providers in expanding financial access and inclusion 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 informal or unregistered cooperative credit institutions.
Related Trends
U.S. Imports of Goods by Customs Basis from Thailand
IMP5490
Value of Exports to Thailand from Mississippi
MSTHAA052SCEN
Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Thailand
THAFCRODDPENUM
Value Traded of Top 10 Traded Companies to Total Value Traded for Thailand
DDAM01THA156NWDB
Value of Exports to Thailand from New Mexico
NMTHAA052SCEN
Consumer Price Index for Thailand
DDOE02THA086NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Thailand (THAFCNODUANUM), retrieved from FRED.