Bank Deposits to GDP for Thailand
DDOI02THA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.63
Year-over-Year Change
44.69%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP for Thailand measures the ratio of total bank deposits to the country's gross domestic product. This indicator provides insights into the level of financial intermediation and the importance of the banking sector 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 Bank Deposits to GDP ratio is a key metric used by economists and policymakers to assess the depth and development of a country's financial system. It reflects the size of the banking sector relative to the overall economy and can be used to evaluate financial inclusion, banking sector stability, and the effectiveness of monetary policies.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and banking sector statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the financial health and growth potential of the Thai economy.
Key Facts
- Thailand's Bank Deposits to GDP ratio was 102.23% in 2020.
- The ratio has increased from 84.96% in 2010, indicating growing financial depth.
- Thailand has one of the highest Bank Deposits to GDP ratios in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Thailand measures the ratio of total bank deposits to the country's gross domestic product, providing insights into the size and importance of the banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is highly relevant for economists and policymakers as it reflects the depth and development of Thailand's financial system, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge the financial health and growth potential of the Thai economy, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with the most recent data available for 2020.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Thailand (DDOI02THA156NWDB), retrieved from FRED.