Thailand Household Debt: % of GDP

2003 - 2024 | Quarterly | % | CEIC Data

Key information about Thailand Household Debt: % of GDP

  • Thailand household debt accounted for 88.8 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 89.7 % in the previous quarter.
  • Thailand household debt to GDP ratio is updated quarterly, available from Mar 2003 to Sep 2024.
  • The data reached an all-time high of 95.5 % in Mar 2021 and a record low of 40.6 % in Mar 2003.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Thailand provides Household Debt in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt as % of Nominal GDP prior to Q1 2012 excludes Student Loan Fund, National Housing Authority, Agricultural Cooperatives, Fisheries Cooperatives, Land Settlement Cooperatives, Consumer Cooperatives and Service Cooperatives.


Related information about Thailand Household Debt: % of GDP

  • In the latest reports, Thailand Household Debt reached 445.6 USD bn in Mar 2023.
  • Money Supply M2 in Thailand increased 3.3 % YoY in Dec 2024.
  • Thailand Foreign Exchange Reserves was measured at 214.5 USD bn in Jan 2025.
  • The Foreign Exchange Reserves equaled 7.9 Months of Import in Jan 2025.
  • Thailand Domestic Credit reached 786.6 USD bn in Dec 2024, representing an increased of 1.9 % YoY.

View Thailand's Household Debt: % of GDP from Mar 2003 to Sep 2024 in the chart:

Thailand Household Debt: % of GDP

What was Thailand's Household Debt: % of GDP in Sep 2024?

Thailand household debt accounted for 88.8 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 89.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
88.8 Sep 2024 89.7 Jun 2024 40.6 Mar 2003 95.5 Mar 2021 % quarterly Mar 2003 - Sep 2024

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 12.0 Sep 2024 quarterly Dec 2008 - Sep 2024
Argentina (%) 4.5 Sep 2024 quarterly Dec 2004 - Sep 2024
Armenia (%) 30.8 Dec 2024 quarterly Dec 2000 - Dec 2024
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 44.5 Sep 2024 quarterly Mar 1999 - Sep 2024
Azerbaijan (%) 13.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Belarus (%) 10.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Belgium (%) 59.0 Sep 2024 quarterly Dec 1992 - Sep 2024
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.8 Sep 2024 quarterly Dec 2008 - Sep 2024
Botswana (%) 20.9 Sep 2024 quarterly Dec 2002 - Sep 2024
Brunei (%) 14.5 Sep 2024 quarterly Dec 2013 - Sep 2024
Bulgaria (%) 27.8 2023 yearly 1995 - 2023
Cambodia (%) 26.6 2022 yearly 2008 - 2022
Canada (%) 99.2 Sep 2024 quarterly Mar 1969 - Sep 2024
Chile (%) 39.2 Sep 2024 quarterly Mar 2009 - Sep 2024
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 31.3 Jun 2024 quarterly Dec 2015 - Jun 2024
Croatia (%) 32.6 Sep 2024 quarterly Mar 2012 - Sep 2024
Cyprus (%) 79.6 2023 yearly 1995 - 2023
Czech Republic (%) 34.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Denmark (%) 92.2 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Egypt (%) 7.3 Sep 2024 quarterly Dec 2002 - Sep 2024
Estonia (%) 39.1 Sep 2024 quarterly Dec 2003 - Sep 2024
European Union (%) 44.1 Dec 2024 quarterly Sep 1997 - Dec 2024
Finland (%) 74.9 2023 yearly 1995 - 2023
France (%) 74.2 2023 yearly 1977 - 2023
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 50.3 Sep 2024 quarterly Dec 1991 - Sep 2024
Greece (%) 46.2 Jun 2024 quarterly Dec 1997 - Jun 2024
Hong Kong SAR, China (%) 87.8 Dec 2024 quarterly Mar 1982 - Dec 2024
Hungary (%) 19.9 Sep 2024 quarterly Dec 1995 - Sep 2024
Iceland (%) 71.3 Dec 2024 quarterly Dec 1995 - Dec 2024
India (%) 17.1 2024 yearly 1998 - 2024
Indonesia (%) 10.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Ireland (%) 31.7 Sep 2024 quarterly Mar 2002 - Sep 2024
Israel (%) 42.6 Sep 2024 quarterly Dec 1995 - Sep 2024
Italy (%) 48.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Japan (%) 65.1 Sep 2024 quarterly Dec 1997 - Sep 2024
Jordan (%) 80.6 Sep 2024 quarterly Mar 2002 - Sep 2024
Kazakhstan (%) 15.3 Dec 2023 quarterly Dec 1997 - Dec 2023
South Korea (%) 93.7 Sep 2024 quarterly Dec 2002 - Sep 2024
Kosovo (%) 22.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Kuwait (%) 0.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Kyrgyzstan (%) 9.1 Dec 2024 quarterly Dec 2000 - Dec 2024
Latvia (%) 22.0 Sep 2024 quarterly Mar 2004 - Sep 2024
Lithuania (%) 28.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Luxembourg (%) 64.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Macau SAR, China (%) 80.6 Dec 2024 quarterly Dec 2001 - Dec 2024
North Macedonia (%) 26.0 Sep 2024 quarterly Mar 2003 - Sep 2024
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 40.6 Dec 2024 quarterly Dec 2003 - Dec 2024
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.5 Sep 2024 quarterly Dec 2000 - Sep 2024
Mongolia (%) 27.5 Dec 2024 quarterly Mar 2004 - Dec 2024
Montenegro (%) 25.6 Sep 2024 quarterly Dec 2010 - Sep 2024
Morocco (%) 23.5 2023 yearly 2001 - 2023
Netherlands (%) 97.4 Sep 2024 quarterly Mar 1999 - Sep 2024
New Zealand (%) 89.9 Sep 2024 quarterly Dec 1990 - Sep 2024
Norway (%) 90.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Panama (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Peru (%) 15.9 Dec 2024 quarterly Mar 2001 - Dec 2024
Philippines (%) 11.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Poland (%) 23.5 Sep 2024 quarterly Dec 2003 - Sep 2024
Portugal (%) 65.9 Sep 2024 quarterly Dec 1999 - Sep 2024
Romania (%) 15.4 Sep 2024 quarterly Mar 2007 - Sep 2024
Russia (%) 20.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Saudi Arabia (%) 12.1 Sep 2024 quarterly Dec 2003 - Sep 2024
Serbia (%) 16.9 Dec 2024 quarterly Dec 2003 - Dec 2024
Singapore (%) 51.9 Dec 2024 quarterly Mar 1995 - Dec 2024
Slovakia (%) 44.7 Sep 2024 quarterly Mar 2004 - Sep 2024
Slovenia (%) 27.6 Sep 2024 quarterly Mar 2004 - Sep 2024
South Africa (%) 40.7 Sep 2024 quarterly Mar 1969 - Sep 2024
Spain (%) 48.9 Jun 2024 quarterly Dec 1989 - Jun 2024
Sri Lanka (%) 6.5 Sep 2024 quarterly Dec 2010 - Sep 2024
Sweden (%) 86.2 Sep 2024 quarterly Mar 1996 - Sep 2024
Switzerland (%) 128.2 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 95.6 2023 yearly 2000 - 2023
Thailand (%) 88.8 Sep 2024 quarterly Mar 2003 - Sep 2024
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.0 Sep 2024 quarterly Dec 2014 - Sep 2024
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 81.6 Sep 2024 quarterly Mar 1987 - Sep 2024
United States (%) 61.7 Dec 2024 quarterly Mar 1999 - Dec 2024
Uruguay (%) 11.1 Sep 2024 quarterly Dec 2005 - Sep 2024
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Dec 2024 quarterly Sep 2002 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,579.976 Jan 2025 monthly Oct 2001 - Jan 2025
Tax Revenue (USD mn) 67,624.756 2023 yearly 1984 - 2023
Tax Revenue: % of GDP (%) 13.2 2023 yearly 1990 - 2023
National Government Debt (USD mn) 316,226.8 Jan 2025 monthly Oct 1997 - Jan 2025
Government Debt: % of GDP (%) 56.6 Dec 2024 quarterly Dec 1997 - Dec 2024
Forecast: Government Expenditure (THB bn) 5,366.801 2029 yearly 1995 - 2029
Forecast: Government Net Debt (THB bn) 14,934.651 2029 yearly 1996 - 2029
Forecast: Government Revenue (THB bn) 4,743.913 2029 yearly 1995 - 2029
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Total Public Debt as % of GDP (%) 64.130 Jan 2025 monthly Jan 2005 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,880.2 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 25,277.0 Jan 2025 monthly Oct 1990 - Jan 2025
Total Exports Growth (%) 11.8 Jan 2025 monthly Oct 1991 - Jan 2025
Aluminum: Exports (USD th) 1,474,770.435 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 425,949.614 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 187,991.703 2023 yearly 1995 - 2023
Total Imports (USD mn) 27,157.2 Jan 2025 monthly Jan 1991 - Jan 2025
Total Imports Growth (%) 6.3 Jan 2025 monthly Jan 1992 - Jan 2025
Imports: Medicament (USD th) 1,944,018.232 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,208,010.738 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 4,777.942 Jan 2025 monthly Jan 1971 - Jan 2025
Total Imports from USA (USD mn) 1,745.124 Jan 2025 monthly Jan 1971 - Jan 2025
Total Exports to China (USD mn) 2,531.405 Jan 2025 monthly Sep 1978 - Jan 2025
Total Imports from China (USD mn) 8,223.661 Jan 2025 monthly Apr 1974 - Jan 2025
MoC: Trade Balance: Custom Basis (THB mn) -75,745.450 Jan 2025 monthly Jan 1991 - Jan 2025
MoC: Imports: Custom Basis (THB mn) 938,112.013 Jan 2025 monthly Jan 1991 - Jan 2025
MoC: Exports: Custom Basis (THB mn) 862,366.563 Jan 2025 monthly Oct 1990 - Jan 2025
Imports Volume: Liquefied Natural Gas (Cub ft mn) 36,790.499 Dec 2024 monthly Jan 2010 - Dec 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,287.7 Sep 2024 quarterly Mar 2005 - Sep 2024
Current Account Balance (USD mn) 2,656.8 Jan 2025 monthly Jan 1985 - Jan 2025
Current Account Balance: % of GDP (%) 4.0 Dec 2024 quarterly Mar 1993 - Dec 2024
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Foreign Portfolio Investment (USD mn) 2,765.600 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 1,315.3 Sep 2024 quarterly Mar 1976 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,450.320 Sep 2024 quarterly Mar 1976 - Sep 2024
External Debt (USD mn) 200,924.7 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt: % of GDP (%) 38.0 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Short Term (USD mn) 87,533.6 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt: Short Term: % of GDP (%) 15.7 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 18.156 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 42,929.370 Sep 2024 quarterly Mar 2012 - Sep 2024
BOP: USD: Current Account Balance (USD mn) 2,656.850 Jan 2025 monthly Jan 2005 - Jan 2025
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -17.370 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Mining & Quarrying (THB mn) 53.250 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Financial & Insurance Activities (THB mn) -3,517.230 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Construction (THB mn) 1,520.740 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Manufacturing (THB mn) 19,572.550 Sep 2024 quarterly Mar 2005 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 88.8 Sep 2024 quarterly Mar 2003 - Sep 2024
Non-Performing Loans (USD mn) 14,453.992 Dec 2024 quarterly Mar 1998 - Dec 2024
Money Supply M1 (USD mn) 96,163.304 Jan 2025 monthly Dec 1975 - Jan 2025
Money Supply M2 (USD mn) 788,311.637 Jan 2025 monthly Jan 1997 - Jan 2025
M2 Growth (%) 3.6 Jan 2025 monthly Jan 1998 - Jan 2025
Reserve Requirement Ratio (%) 1.0 Feb 2025 monthly Sep 1997 - Feb 2025
Foreign Exchange Reserves (USD mn) 214,490.7 Jan 2025 monthly Jan 1993 - Jan 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Jan 2025 monthly Jan 1991 - Jan 2025
Gold Reserves (USD mn) 21,123.860 Jan 2025 monthly Dec 1956 - Jan 2025
Total Deposits (USD mn) 513,388.607 Dec 2024 monthly Dec 2000 - Dec 2024
Total Deposits Growth (%) 2.0 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit (USD mn) 802,561.5 Jan 2025 monthly Jan 2003 - Jan 2025
Domestic Credit Growth (%) 2.2 Jan 2025 monthly Jan 2004 - Jan 2025
Debt Service Ratio: Private Non-Financial Sector (%) 15.300 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 448.489 Jun 2024 quarterly Dec 1991 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 868.946 Jun 2024 quarterly Mar 1957 - Jun 2024
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 512,098.834 Dec 2024 monthly Jan 2007 - Dec 2024
Total Loans Growth (%) -0.33 Dec 2024 monthly Jan 2008 - Dec 2024
Private Debt: % of Nominal GDP (%) 166.09 Dec 2024 quarterly Mar 2011 - Dec 2024
MA: Narrow Money (NM) (THB mn) 3,231,087.000 Jan 2025 monthly Jan 1997 - Jan 2025
Monetary Aggregates (MA): Broad Money (THB mn) 26,487,271.000 Jan 2025 monthly Jan 1997 - Jan 2025
MA: Quasi Money (THB mn) 23,256,185.000 Jan 2025 monthly Jan 1997 - Jan 2025
Private Credits (THB mn) 30,699,864.000 Jan 2025 monthly Jan 2011 - Jan 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 1.0 Jan 2025 monthly Feb 2000 - Jan 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 53.100 Jan 2025 monthly Jan 2013 - Jan 2025

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