Fiscal Situation of General Government: Gross Debt Position for Thailand
THAGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.02
Year-over-Year Change
7.73%
Date Range
1/1/2016 - 1/1/2024
Summary
This trend measures Thailand's general government gross debt position, which is an important indicator of the country's fiscal health and ability to service its debt obligations.
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 general government gross debt position represents the total outstanding debt owed by Thailand's central, state, and local governments. This metric is closely monitored by policymakers, investors, and analysts to assess the sustainability of the government's fiscal policies and the overall macroeconomic stability of the country.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
This trend is widely used to evaluate Thailand's creditworthiness and inform investment decisions, as well as to guide policymaking aimed at maintaining fiscal discipline and promoting economic growth.
Key Facts
- Thailand's general government gross debt position was 59.5% of GDP in 2021.
- The government's debt-to-GDP ratio has increased in recent years due to the COVID-19 pandemic.
- Thailand has a credit rating of A- from S&P, indicating a relatively low risk of default.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by Thailand's central, state, and local governments, known as the general government gross debt position.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of Thailand's fiscal health and ability to service its debt obligations, which is closely monitored by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate Thailand's creditworthiness, inform investment decisions, and guide policymaking aimed at maintaining fiscal discipline and promoting economic growth.
Q: Are there update delays or limitations?
A: The data is reported by the IMF, which may result in some update delays, but it generally provides a comprehensive and reliable measure of Thailand's general government gross debt position.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Thailand (THAGGXWDGG01GDPPT), retrieved from FRED.