Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Thailand
THAFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,919,917.00
Year-over-Year Change
25.82%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the number of persons borrowing from commercial banks in Thailand. It provides insights into the usage of financial services and credit access within 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 'Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Thailand' metric tracks the total number of individuals who have taken out loans from commercial banking institutions in the country. This data point is valuable for analyzing financial inclusion, credit market dynamics, and the overall health of the Thai banking sector.
Methodology
The data is collected by the Bank of Thailand through surveys and reports from commercial banks operating within the country.
Historical Context
This metric is often used by policymakers, economists, and financial analysts to assess the level of credit access and utilization within the Thai economy.
Key Facts
- Thailand has over 3,000 commercial bank branches nationwide.
- The number of persons borrowing from Thai commercial banks has grown by 20% in the past 5 years.
- Small and medium enterprises account for 80% of commercial bank borrowers in Thailand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who have taken out loans from commercial banking institutions in Thailand.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion, credit market dynamics, and the overall health of the Thai banking sector, which are crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys and reports from commercial banks operating within the country.
Q: How is this trend used in economic policy?
A: This metric is often used by policymakers, economists, and financial analysts to assess the level of credit access and utilization within the Thai economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a few months' delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Thailand (THAFCRODCPENUM), retrieved from FRED.