Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Thailand
THAFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,278,715,544,042.50
Year-over-Year Change
73.22%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Thailand' trend measures the total value of deposits held at commercial banks in Thailand. This metric provides insights into the level of financial intermediation and liquidity 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
This trend represents the total value of deposits outstanding at commercial banks in Thailand. It is a key indicator of the depth and usage of the Thai banking system and the overall level of financial intermediation in the economy.
Methodology
The data is collected directly from commercial banks in Thailand by the Bank of Thailand.
Historical Context
This trend is used by economists and policymakers to assess the level of financial inclusion and the health of the Thai banking sector.
Key Facts
- Thailand has over 3,000 commercial bank branches nationwide.
- Deposits at Thai commercial banks account for over 100% of the country's GDP.
- The Bank of Thailand closely monitors deposit trends to guide monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at commercial banks in Thailand. It provides insights into the level of financial intermediation and liquidity in the Thai economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the depth and usage of the Thai banking system, which is crucial for assessing the overall health and stability of the Thai economy.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Thailand by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the level of financial inclusion and the health of the Thai banking sector, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Thailand (THAFCLODCXDC), retrieved from FRED.