Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Thailand
THAFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,950,371.00
Year-over-Year Change
21.82%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Thailand. It provides insights into the borrowing behavior and financial health of Thai households.
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 Borrowers: Households Borrowing from Commercial Banks for Thailand' series tracks the value of loans outstanding for Thai households that borrow from commercial banks. This metric is a key indicator of household access to credit and financial inclusion in the Thai economy.
Methodology
The data is collected and reported by the Bank of Thailand.
Historical Context
This trend is used by policymakers and analysts to monitor the state of household finances and credit conditions in Thailand.
Key Facts
- Thailand's household borrowing from commercial banks totaled $XXX in 2022.
- The trend has shown steady growth over the past 5 years.
- Household debt as a percentage of GDP in Thailand is currently around XX%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of loans outstanding for Thai households that borrow from commercial banks, providing insights into household access to credit and financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the financial health and borrowing behavior of Thai households, which is crucial for policymakers and analysts monitoring the state of the Thai economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household finances and credit conditions, which informs decisions related to financial regulation, monetary policy, and economic stability.
Q: Are there update delays or limitations?
A: The data is published with a typical delay of 1-2 months, and may be subject to revisions by the Bank of Thailand.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Thailand (THAFCRODCHPENUM), retrieved from FRED.