Thailand Household Debt: % of GDP

2003 - 2025 | Quarterly | % | CEIC Data

Key information about Thailand Household Debt: % of GDP

  • Thailand household debt accounted for 86.8 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 86.8 % in the previous quarter.
  • Thailand household debt to GDP ratio is updated quarterly, available from Mar 2003 to Sep 2025.
  • 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 502.3 USD bn in Jun 2025.
  • Money Supply M2 in Thailand increased 3.7 % YoY in Nov 2025.
  • Thailand Foreign Exchange Reserves was measured at 236.0 USD bn in Nov 2025.
  • The Foreign Exchange Reserves equaled 7.8 Months of Import in Nov 2025.
  • Thailand Domestic Credit reached 861.6 USD bn in Nov 2025, representing an increased of 2.5 % YoY.

View Thailand's Household Debt: % of GDP from Mar 2003 to Sep 2025 in the chart:

Thailand Household Debt: % of GDP

What was Thailand's Household Debt: % of GDP in Sep 2025?

Thailand household debt accounted for 86.8 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 86.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
86.8 Sep 2025 86.8 Jun 2025 40.6 Mar 2003 95.5 Mar 2021 % quarterly Mar 2003 - Sep 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Sep 2025 quarterly Sep 2007 - Sep 2025
Argentina (%) 6.6 Sep 2025 quarterly Dec 2004 - Sep 2025
Armenia (%) 32.5 Sep 2025 quarterly Dec 2000 - Sep 2025
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Azerbaijan (%) 14.3 Sep 2025 quarterly Mar 2005 - Sep 2025
Belarus (%) 10.5 Sep 2025 quarterly Dec 2006 - Sep 2025
Belgium (%) 58.3 Jun 2025 quarterly Dec 1992 - Jun 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 25.2 Sep 2025 quarterly Dec 2008 - Sep 2025
Botswana (%) 21.6 Sep 2025 quarterly Dec 2002 - Sep 2025
Brunei (%) 15.3 Sep 2025 quarterly Dec 2013 - Sep 2025
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 27.2 2024 yearly 2008 - 2024
Canada (%) 97.7 Sep 2025 quarterly Mar 1969 - Sep 2025
Chile (%) 37.7 Sep 2025 quarterly Mar 2009 - Sep 2025
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Jun 2025 quarterly Dec 2015 - Jun 2025
Croatia (%) 33.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 71.2 2024 yearly 1995 - 2024
Czech Republic (%) 33.4 Sep 2025 quarterly Mar 2004 - Sep 2025
Denmark (%) 92.7 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Jun 2025 quarterly Mar 2003 - Jun 2025
Egypt (%) 7.3 Sep 2025 quarterly Dec 2002 - Sep 2025
Estonia (%) 40.2 Sep 2025 quarterly Dec 2003 - Sep 2025
European Union (%) 50.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Finland (%) 74.1 2024 yearly 1995 - 2024
France (%) 59.9 2024 yearly 1977 - 2024
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 49.0 Jun 2025 quarterly Dec 1991 - Jun 2025
Greece (%) 46.7 Jun 2025 quarterly Dec 1997 - Jun 2025
Hong Kong SAR, China (%) 87.7 Sep 2025 quarterly Mar 1982 - Sep 2025
Hungary (%) 20.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Iceland (%) 70.8 Sep 2025 quarterly Dec 1995 - Sep 2025
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 15.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Ireland (%) 25.1 Jun 2025 quarterly Mar 2002 - Jun 2025
Israel (%) 42.9 Sep 2025 quarterly Dec 1995 - Sep 2025
Italy (%) 47.1 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 61.1 Sep 2025 quarterly Dec 1997 - Sep 2025
Jordan (%) 70.8 Sep 2025 quarterly Mar 2002 - Sep 2025
Kazakhstan (%) 62.5 Jun 2025 quarterly Dec 1997 - Jun 2025
South Korea (%) 92.3 Sep 2025 quarterly Dec 2002 - Sep 2025
Kosovo (%) 24.9 Sep 2025 quarterly Dec 2010 - Sep 2025
Kuwait (%) 0.9 Jun 2025 quarterly Dec 2010 - Jun 2025
Kyrgyzstan (%) 12.1 Sep 2025 quarterly Dec 2000 - Sep 2025
Latvia (%) 23.1 Sep 2025 quarterly Mar 2004 - Sep 2025
Lithuania (%) 30.0 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 62.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Macau SAR, China (%) 76.1 Sep 2025 quarterly Dec 2001 - Sep 2025
North Macedonia (%) 26.7 Sep 2025 quarterly Mar 2003 - Sep 2025
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.1 2024 yearly 2002 - 2024
Malta (%) 47.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.2 Sep 2025 quarterly Dec 2000 - Sep 2025
Mongolia (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
Montenegro (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Morocco (%) 22.0 2024 yearly 2001 - 2024
Netherlands (%) 97.2 Sep 2025 quarterly Mar 1999 - Sep 2025
New Zealand (%) 90.7 Sep 2025 quarterly Dec 1990 - Sep 2025
Norway (%) 88.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Panama (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Peru (%) 15.3 Sep 2025 quarterly Mar 2001 - Sep 2025
Philippines (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Poland (%) 22.4 Jun 2025 quarterly Dec 2003 - Jun 2025
Portugal (%) 55.9 Sep 2025 quarterly Dec 2007 - Sep 2025
Romania (%) 15.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Russia (%) 18.9 Mar 2025 quarterly Dec 2000 - Mar 2025
Saudi Arabia (%) 10.7 Sep 2025 quarterly Dec 2003 - Sep 2025
Serbia (%) 18.1 Sep 2025 quarterly Dec 2003 - Sep 2025
Singapore (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Slovakia (%) 45.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Slovenia (%) 27.8 Jun 2025 quarterly Mar 2004 - Jun 2025
South Africa (%) 41.0 Jun 2025 quarterly Mar 1969 - Jun 2025
Spain (%) 47.8 Jun 2025 quarterly Dec 1989 - Jun 2025
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 86.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 123.1 2024 yearly 1999 - 2024
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan, China (%) 95.5 2023 yearly 2000 - 2023
Thailand (%) 86.8 Sep 2025 quarterly Mar 2003 - Sep 2025
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.2 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 4.0 Jun 2025 quarterly Dec 2002 - Jun 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 78.1 Sep 2025 quarterly Mar 1987 - Sep 2025
United States (%) 61.4 Jun 2025 quarterly Mar 1999 - Jun 2025
Uruguay (%) 11.7 Sep 2025 quarterly Dec 2005 - Sep 2025
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 (%) -4.8 Sep 2025 quarterly Sep 2002 - Sep 2025
Consolidated Fiscal Balance (USD mn) -4,346.154 Nov 2025 monthly Oct 2001 - Nov 2025
Tax Revenue (USD mn) 68,755.587 2024 yearly 1984 - 2024
Tax Revenue: % of GDP (%) 13.2 2024 yearly 1990 - 2024
National Government Debt (USD mn) 346,186.9 Nov 2025 monthly Oct 1997 - Nov 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 1997 - Sep 2025
Forecast: Government Expenditure (THB bn) 5,245.892 2030 yearly 1995 - 2030
Forecast: Government Net Debt (THB bn) 15,433.076 2030 yearly 1996 - 2030
Forecast: Government Revenue (THB bn) 4,709.205 2030 yearly 1995 - 2030
Total Public Debt as % of GDP (%) 65.710 Nov 2025 monthly Jan 2005 - Nov 2025
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -2,726.9 Nov 2025 monthly Jan 1957 - Nov 2025
Total Exports (USD mn) 27,445.6 Nov 2025 monthly Oct 1990 - Nov 2025
Total Exports Growth (%) 4.7 Nov 2025 monthly Oct 1991 - Nov 2025
Aluminum: Exports (USD th) 1,786,225.975 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 538,858.502 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 138,487.036 2024 yearly 1995 - 2024
Total Imports (USD mn) 30,172.5 Nov 2025 monthly Jan 1991 - Nov 2025
Total Imports Growth (%) 15.0 Nov 2025 monthly Jan 1992 - Nov 2025
Imports: Medicament (USD th) 2,168,687.079 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 1,222,461.547 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,468.904 Nov 2025 monthly Jan 1971 - Nov 2025
Total Imports from USA (USD mn) 1,752.475 Nov 2025 monthly Jan 1971 - Nov 2025
Total Exports to China (USD mn) 2,781.431 Nov 2025 monthly Sep 1978 - Nov 2025
Total Imports from China (USD mn) 9,447.783 Nov 2025 monthly Apr 1974 - Nov 2025
MoC: Exports: Custom Basis (THB mn) 890,204.140 Nov 2025 monthly Oct 1990 - Nov 2025
MoC: Trade Balance: Custom Basis (THB mn) -101,040.191 Nov 2025 monthly Jan 1991 - Nov 2025
MoC: Imports: Custom Basis (THB mn) 991,244.331 Nov 2025 monthly Jan 1991 - Nov 2025
Imports Volume: Liquefied Natural Gas (Cub ft mn) 40,031.141 Nov 2025 monthly Jan 2010 - Nov 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,079.7 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) -584.5 Nov 2025 monthly Jan 1985 - Nov 2025
Current Account Balance: % of GDP (%) 2.2 Sep 2025 quarterly Mar 1993 - Sep 2025
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 2.8 Sep 2025 quarterly Mar 1993 - Sep 2025
Foreign Portfolio Investment (USD mn) 149.210 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.1 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 117.9 Sep 2025 quarterly Mar 1976 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 31.300 Sep 2025 quarterly Mar 1976 - Sep 2025
External Debt (USD mn) 203,014.5 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: % of GDP (%) 34.9 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Short Term (USD mn) 85,654.4 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: Short Term: % of GDP (%) 16.4 2024 yearly 1980 - 2024
Forecast: Current Account Balance (USD bn) 11.357 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 97,684.510 Sep 2025 quarterly Mar 2012 - Sep 2025
BOP: USD: Current Account Balance (USD mn) -584.460 Nov 2025 monthly Jan 2005 - Nov 2025
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.8 Sep 2025 quarterly Mar 2003 - Sep 2025
Non-Performing Loans (USD mn) 15,892.732 Sep 2025 quarterly Mar 1998 - Sep 2025
Money Supply M1 (USD mn) 107,267.798 Nov 2025 monthly Dec 1975 - Nov 2025
Money Supply M2 (USD mn) 849,137.247 Nov 2025 monthly Jan 1997 - Nov 2025
M2 Growth (%) 3.7 Nov 2025 monthly Jan 1998 - Nov 2025
Reserve Requirement Ratio (%) 1.0 Dec 2025 monthly Sep 1997 - Dec 2025
Foreign Exchange Reserves (USD mn) 242,457.6 Dec 2025 monthly Jan 1993 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 7.3 Oct 2025 monthly Jan 1991 - Oct 2025
Gold Reserves (USD mn) 32,546.080 Dec 2025 monthly Dec 1956 - Dec 2025
Total Deposits (USD mn) 556,785.176 Nov 2025 monthly Dec 2000 - Nov 2025
Total Deposits Growth (%) 1.7 Nov 2025 monthly Dec 2001 - Nov 2025
Domestic Credit (USD mn) 861,616.1 Nov 2025 monthly Jan 2003 - Nov 2025
Domestic Credit Growth (%) 2.5 Nov 2025 monthly Jan 2004 - Nov 2025
Debt Service Ratio: Private Non-Financial Sector (%) 14.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 506.230 Jun 2025 quarterly Dec 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 946.456 Jun 2025 quarterly Mar 1957 - Jun 2025
Household Debt (USD mn) 502,273.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Total Loans (USD mn) 557,193.740 Nov 2025 monthly Jan 2003 - Nov 2025
Total Loans Growth (%) -0.94 Nov 2025 monthly Jan 2004 - Nov 2025
Private Debt: % of Nominal GDP (%) 162.25 Sep 2025 quarterly Mar 2011 - Sep 2025
Private Credits (THB mn) 30,505,948.000 Nov 2025 monthly Jan 2011 - Nov 2025
Credit: Outs: CB: Individuals (THB mn) 4,934,628.000 Nov 2025 monthly Jan 2004 - Nov 2025
Credit: Outs: CB: Businesses (THB mn) 7,825,112.000 Nov 2025 monthly Jan 2004 - Nov 2025
Deposit: Outs: CB: Businesses (THB mn) 5,882,809.000 Nov 2025 monthly Oct 2003 - Nov 2025
Deposit: Outs: CB: Individuals (THB mn) 8,885,559.000 Nov 2025 monthly Oct 2003 - Nov 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 2.8 Dec 2025 monthly Feb 2000 - Dec 2025
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 51.500 Nov 2025 monthly Jan 2013 - Nov 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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