Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Thailand
THAFCDODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,435,227.00
Year-over-Year Change
17.20%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the number of depositors at credit unions and financial cooperatives in Thailand. It provides insights into the usage and accessibility 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: Number of Depositors at Credit Unions and Financial Cooperatives for Thailand' series tracks the total number of depositors at these community-based financial institutions. This metric is used to analyze the reach and utilization of financial services among Thai households and businesses.
Methodology
The data is collected by the Bank of Thailand through surveys of credit unions and financial cooperatives operating in the country.
Historical Context
Policymakers and financial institutions use this trend to assess financial inclusion and the effectiveness of initiatives to expand access to banking and credit.
Key Facts
- Thailand has over 1,200 credit unions and financial cooperatives.
- The number of depositors has grown by 50% over the past decade.
- Rural areas account for the majority of depositors at these institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors at credit unions and financial cooperatives in Thailand. It provides insights into the usage and accessibility of community-based financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the reach of banking services, especially in rural and underserved areas of Thailand. It helps policymakers and institutions assess the effectiveness of initiatives to expand access to credit and savings.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys of credit unions and financial cooperatives operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to monitor the accessibility and utilization of community-based financial services, which is crucial for promoting financial inclusion and economic development in Thailand.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and the survey coverage may not capture all credit unions and cooperatives, especially in remote areas.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Thailand (THAFCDODUPENUM), retrieved from FRED.