Use of Financial Services Borrowers: Households Borrowing from Credit Unions and Financial Cooperatives for Thailand
THAFCRODUHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,435,227.00
Year-over-Year Change
36.47%
Date Range
1/1/2005 - 1/1/2024
Summary
This trend measures the use of financial services by households borrowing from credit unions and financial cooperatives in Thailand. It provides insight into access to credit and financial inclusion 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 Use of Financial Services Borrowers: Households Borrowing from Credit Unions and Financial Cooperatives for Thailand series tracks the number of households in Thailand that borrow from credit unions and financial cooperatives. This metric is used by economists and policymakers to assess financial inclusion and credit access for Thai households.
Methodology
The data is collected through surveys of financial institutions in Thailand.
Historical Context
This trend is relevant for analyzing the development of Thailand's financial sector and identifying opportunities to expand credit access.
Key Facts
- Thailand has over 3,000 credit unions and financial cooperatives.
- Household borrowing from these institutions accounts for 12% of total household debt.
- Credit union lending has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of households in Thailand that borrow from credit unions and financial cooperatives, providing insight into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the development of Thailand's financial sector and identifying opportunities to expand credit access for households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions in Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze financial inclusion and guide policies to improve access to credit for Thai households.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the survey coverage may not capture all informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Credit Unions and Financial Cooperatives for Thailand (THAFCRODUHPENUM), retrieved from FRED.