Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Thailand
THAFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,052.94
Year-over-Year Change
51.02%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Thailand. It provides insights into financial inclusion and the use of basic banking services 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, Deposit Accounts with Commercial Banks Per 1000 Adults for Thailand' series tracks the level of financial inclusion by monitoring the number of deposit accounts held with commercial banks per 1,000 adults. This metric is used to assess the accessibility and utilization of basic banking services within the Thai population.
Methodology
The data is collected and reported by the World Bank based on information provided by national authorities.
Historical Context
Policymakers and analysts use this trend to evaluate financial development and inclusion efforts in Thailand.
Key Facts
- Thailand had 1,269 deposit accounts per 1,000 adults in 2017.
- The trend has shown steady growth over the past decade.
- Financial inclusion is a key policy priority in Thailand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with commercial banks per 1,000 adults in Thailand. It provides insight into the level of financial inclusion and access to basic banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial development and accessibility of banking services, which are key factors in economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national authorities in Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial inclusion efforts and guide policies aimed at expanding access to banking services in Thailand.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delay in the most recent year's figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Thailand (THAFCAODCANUM), retrieved from FRED.