Total Credit to Non-Financial Sector, Adjusted for Breaks, for Thailand
Billions of Thai Bahts
QTHCAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,353.27
Year-over-Year Change
10.48%
Date Range
1/1/1997 - 10/1/2024
Summary
The 'Billions of Thai Bahts' economic trend measures the total value of goods and services produced in Thailand's economy, expressed in Thai baht. This important macroeconomic indicator provides insights into the overall health and growth of 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 'Billions of Thai Bahts' series represents Thailand's gross domestic product (GDP), which is the standard measure of a country's economic output. GDP is a key statistic used by economists, policymakers, and analysts to evaluate economic performance and inform policy decisions.
Methodology
The Thai government's National Economic and Social Development Council (NESDC) collects and calculates the GDP data.
Historical Context
Policymakers and investors monitor Thailand's GDP to understand the country's economic trajectory and make informed decisions.
Key Facts
- Thailand's GDP was over 16.4 trillion Thai baht in 2021.
- The Thai economy grew by 1.6% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
- Services make up the largest component of Thailand's GDP, accounting for over 60% of economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Thai Bahts' trend measures Thailand's gross domestic product (GDP), which is the total value of goods and services produced in the Thai economy.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of a country's economic health and growth, making this trend highly relevant for policymakers, investors, and analysts evaluating the Thai economy.
Q: How is this data collected or calculated?
A: The Thai government's National Economic and Social Development Council (NESDC) collects and calculates the GDP data.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor Thailand's GDP to understand the country's economic trajectory and make informed decisions about policy, investment, and economic strategy.
Q: Are there update delays or limitations?
A: The GDP data is typically released quarterly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of Thai Bahts (QTHCAMXDCA), retrieved from FRED.