Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Thailand
THAFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,426,401.00
Year-over-Year Change
66.90%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of deposit accounts at commercial banks in Thailand, providing insights into the use of financial 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 Deposit Accounts: Accounts at Commercial Banks for Thailand' metric tracks the total number of deposit accounts held at commercial banks operating in Thailand. This data point is used by economists and policymakers to understand the level of financial inclusion and access to basic banking services.
Methodology
The data is collected by Thailand's central bank through reports from commercial banks.
Historical Context
Trends in deposit account usage can inform policies aimed at promoting financial literacy and expanding access to the formal banking system.
Key Facts
- Thailand had over 60 million deposit accounts as of the latest data.
- The number of deposit accounts has grown by 5% annually over the past decade.
- Roughly 80% of Thailand's adult population has a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks operating in Thailand, providing insights into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: Trends in deposit account usage can inform policies aimed at promoting financial literacy and expanding access to the formal banking system, which are key drivers of economic development.
Q: How is this data collected or calculated?
A: The data is collected by Thailand's central bank through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the level of financial inclusion and access to basic banking services, which can inform policies and initiatives to promote economic development.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve, with a typical 2-3 month delay from the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Thailand (THAFCAODCNUM), retrieved from FRED.