Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Thailand
THAFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,817,994,260,000.00
Year-over-Year Change
-6.54%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the value of outstanding loans to small and medium-sized enterprises (SMEs) at commercial banks in Thailand. It provides insight into the financing conditions and credit access for this critical segment of 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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Thailand' series tracks the total value of commercial bank loans extended to SMEs in Thailand. This metric is an important indicator of lending activity and financial inclusion for small businesses, which are a major driver of economic growth and employment in the country.
Methodology
The data is collected by the Bank of Thailand through surveys of commercial banks operating in the country.
Historical Context
Policymakers and economists monitor this trend to assess the availability of credit to SMEs, which is crucial for private sector investment and economic development.
Key Facts
- Thailand's SMEs account for over 99% of all enterprises in the country.
- SMEs contribute more than 40% of Thailand's GDP.
- Commercial bank lending to Thai SMEs has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in Thailand to small and medium-sized enterprises (SMEs).
Q: Why is this trend relevant for users or analysts?
A: The availability of credit to SMEs is a crucial indicator of financial inclusion and private sector investment, which are key drivers of economic growth and development in Thailand.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the financing conditions for small businesses, which informs policies aimed at promoting SME development and access to credit.
Q: Are there update delays or limitations?
A: The data is published with a short lag time, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Thailand (THAFCSODCSXDC), retrieved from FRED.