Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Thailand
THAFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,246,730.00
Year-over-Year Change
55.48%
Date Range
1/1/2006 - 1/1/2024
Summary
This trend measures the number of depositors which are households at commercial banks in Thailand. It is an important indicator of household financial inclusion and the accessibility of banking services 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 number of depositors which are households reflects the level of participation in the formal banking system by individual consumers and families in Thailand. This data point is used by economists and policymakers to assess financial sector development and gauge the extent of financial inclusion in the country.
Methodology
The data is collected by Thailand's central bank through surveys of commercial banking institutions.
Historical Context
Trends in household depositors are closely monitored by regulators and analysts to inform policies aimed at promoting broader access to financial services.
Key Facts
- Thailand has over 51 million depositors which are households.
- Household depositors account for over 95% of total depositors at Thai commercial banks.
- The number of household depositors has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors which are households at commercial banks in Thailand. It reflects the level of participation by individual consumers and families in the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: Trends in household depositors are an important indicator of financial inclusion and the accessibility of banking services in the Thai economy. This data is closely monitored by regulators and analysts to inform policies aimed at promoting broader access to financial services.
Q: How is this data collected or calculated?
A: The data is collected by Thailand's central bank through surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers use this data to assess financial sector development and gauge the extent of financial inclusion in Thailand. Trends in household depositors inform policies aimed at promoting broader access to formal banking services.
Q: Are there update delays or limitations?
A: The data is reported regularly by Thailand's central bank with minimal update delays. As a self-reported survey of commercial banks, the data may be subject to some limitations in coverage or reporting accuracy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Thailand (THAFCDODCHPENUM), retrieved from FRED.