Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Thailand
THAFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.36
Year-over-Year Change
-30.67%
Date Range
1/1/2005 - 1/1/2023
Summary
This trend measures outstanding small and medium enterprise (SME) loans from commercial banks in Thailand as a percentage of GDP. It provides insights into the availability of credit for Thailand's small businesses, which are crucial for economic growth and development.
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: Key Indicators data series tracks various indicators related to financial services usage in Thailand. The outstanding SME loans from commercial banks metric specifically reflects the level of financing accessible to small and medium-sized enterprises, which are vital drivers of the Thai economy.
Methodology
The data is collected and calculated by the Bank of Thailand based on reports from commercial banks.
Historical Context
This trend is closely monitored by policymakers and economists to assess the financial health and credit conditions for Thailand's SME sector.
Key Facts
- SMEs account for over 99% of all enterprises in Thailand.
- Outstanding SME loans represented 22.4% of Thailand's GDP in 2021.
- The government has set a target to increase SME lending to 30% of GDP by 2027.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding small and medium enterprise (SME) loans from commercial banks in Thailand as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the availability of credit for Thailand's small businesses, which are crucial drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Thailand based on reports from commercial banks.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the financial health and credit conditions for Thailand's SME sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Thailand, with the latest information typically available within a few months.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Thailand (THAFCSODCSGGDPPT), retrieved from FRED.