Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Thailand
THAFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.94
Year-over-Year Change
33.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks to households in Thailand as a percentage of GDP. It provides insights into the level of household borrowing and financial services utilization 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 Loans from Commercial Banks to Households for Thailand trend represents the total value of loans granted by commercial banks to individual households in Thailand, expressed as a percentage of the country's Gross Domestic Product (GDP). This metric is a useful indicator of the level of household access to and reliance on formal financial services.
Methodology
The data is collected by the Bank of Thailand through its regular monitoring of the country's banking and financial sector.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the health and development of Thailand's consumer credit market and household financial stability.
Key Facts
- Thailand's household loans as a percentage of GDP reached a high of 55.9% in 2020.
- The trend has shown steady growth over the past decade, indicating increasing household reliance on formal credit.
- Policymakers monitor this indicator to assess financial inclusion and stability risks in the Thai economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Thailand as a percentage of the country's GDP. It provides insights into the level of household borrowing and utilization of financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and financial analysts to assess the health and development of Thailand's consumer credit market and household financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through its regular monitoring of the country's banking and financial sector.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to assess financial inclusion and stability risks in the Thai economy, and to inform decisions related to consumer credit regulations and financial sector development policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Thailand, with occasional delays due to data collection and processing timelines.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Thailand (THAFCSODCHGGDPPT), retrieved from FRED.