Thailand Household Debt: % of GDP

2003 - 2025 | Quarterly | % | CEIC Data

Key information about Thailand Household Debt: % of GDP

  • Thailand household debt accounted for 86.7 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 86.4 % in the previous quarter.
  • Thailand household debt to GDP ratio is updated quarterly, available from Mar 2003 to Dec 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 4.3 % YoY in Feb 2026.
  • Thailand Foreign Exchange Reserves was measured at 247.2 USD bn in Feb 2026.
  • The Foreign Exchange Reserves equaled 7.7 Months of Import in Feb 2026.
  • Thailand Domestic Credit reached 907.1 USD bn in Feb 2026, representing an increased of 3.8 % YoY.

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

Thailand Household Debt: % of GDP

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

Thailand household debt accounted for 86.7 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 86.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
86.7 Dec 2025 86.4 Sep 2025 40.6 Mar 2003 95.5 Mar 2021 % quarterly Mar 2003 - Dec 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 14.1 Dec 2025 quarterly Sep 2007 - Dec 2025
Argentina (%) 6.7 Dec 2025 quarterly Dec 2004 - Dec 2025
Armenia (%) 33.0 Dec 2025 quarterly Dec 2000 - Dec 2025
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.3 Dec 2025 quarterly Mar 1999 - Dec 2025
Azerbaijan (%) 14.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Belarus (%) 10.6 Dec 2025 quarterly Dec 2006 - Dec 2025
Belgium (%) 58.1 Sep 2025 quarterly Dec 1992 - Sep 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 25.6 Dec 2025 quarterly Dec 2008 - Dec 2025
Botswana (%) 21.3 Dec 2025 quarterly Dec 2002 - Dec 2025
Brunei (%) 15.4 Dec 2025 quarterly Dec 2013 - Dec 2025
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 27.2 2024 yearly 2008 - 2024
Canada (%) 99.5 Dec 2025 quarterly Mar 1969 - Dec 2025
Chile (%) 37.7 Sep 2025 quarterly Mar 2009 - Sep 2025
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.4 Jun 2025 quarterly Dec 2015 - Jun 2025
Croatia (%) 33.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Cyprus (%) 71.2 2024 yearly 1995 - 2024
Czech Republic (%) 33.4 Sep 2025 quarterly Mar 2004 - Sep 2025
Denmark (%) 89.8 2024 yearly 1994 - 2024
Ecuador (%) 35.4 Dec 2025 quarterly Mar 2007 - Dec 2025
Egypt (%) 7.2 Dec 2025 quarterly Dec 2002 - Dec 2025
Estonia (%) 40.1 Sep 2025 quarterly Dec 2003 - Sep 2025
European Union (%) 50.5 Dec 2025 quarterly Mar 1999 - Dec 2025
Finland (%) 72.7 2025 yearly 1995 - 2025
France (%) 59.9 2024 yearly 1977 - 2024
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 48.9 Sep 2025 quarterly Dec 1991 - Sep 2025
Greece (%) 45.9 Sep 2025 quarterly Dec 1997 - Sep 2025
Hong Kong SAR, China (%) 87.6 Dec 2025 quarterly Mar 1982 - Dec 2025
Hungary (%) 21.7 Dec 2025 quarterly Dec 1995 - Dec 2025
Iceland (%) 70.7 Sep 2025 quarterly Dec 1995 - Sep 2025
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 15.0 Dec 2025 quarterly Dec 2010 - Dec 2025
Ireland (%) 24.7 Sep 2025 quarterly Mar 2002 - Sep 2025
Israel (%) 42.9 Dec 2025 quarterly Dec 1995 - Dec 2025
Italy (%) 46.9 Sep 2025 quarterly Dec 1995 - Sep 2025
Japan (%) 61.2 Dec 2025 quarterly Dec 1997 - Dec 2025
Jordan (%) 69.7 Dec 2025 quarterly Mar 2002 - Dec 2025
Kazakhstan (%) 65.9 Sep 2025 quarterly Dec 1997 - Sep 2025
South Korea (%) 91.7 Dec 2025 quarterly Dec 2002 - Dec 2025
Kosovo (%) 25.4 Dec 2025 quarterly Dec 2010 - Dec 2025
Kuwait (%) 1.0 Sep 2025 quarterly Dec 2010 - Sep 2025
Kyrgyzstan (%) 11.9 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 23.1 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 30.0 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 61.3 Dec 2025 quarterly Dec 1995 - Dec 2025
Macau SAR, China (%) 73.7 Dec 2025 quarterly Dec 2001 - Dec 2025
North Macedonia (%) 26.6 Dec 2025 quarterly Mar 2003 - Dec 2025
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.8 2025 yearly 2002 - 2025
Malta (%) 48.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.4 Dec 2025 quarterly Dec 2000 - Dec 2025
Mongolia (%) 28.9 Dec 2025 quarterly Mar 2004 - Dec 2025
Montenegro (%) 29.2 Dec 2025 quarterly Mar 2007 - Dec 2025
Morocco (%) 22.0 2024 yearly 2001 - 2024
Netherlands (%) 97.2 Dec 2025 quarterly Mar 1999 - Dec 2025
New Zealand (%) 91.1 Dec 2025 quarterly Dec 1990 - Dec 2025
Norway (%) 90.2 Dec 2025 quarterly Dec 1995 - Dec 2025
Panama (%) 37.8 Dec 2025 quarterly Dec 2007 - Dec 2025
Peru (%) 15.1 Dec 2025 quarterly Mar 2001 - Dec 2025
Philippines (%) 13.6 Dec 2025 quarterly Mar 2008 - Dec 2025
Poland (%) 22.6 Sep 2025 quarterly Dec 2003 - Sep 2025
Portugal (%) 56.3 Dec 2025 quarterly Dec 2007 - Dec 2025
Romania (%) 15.3 Dec 2025 quarterly Dec 1995 - Dec 2025
Russia (%) 18.7 Dec 2025 quarterly Dec 2000 - Dec 2025
Saudi Arabia (%) 10.7 Dec 2025 quarterly Dec 2003 - Dec 2025
Serbia (%) 18.7 Dec 2025 quarterly Dec 2003 - Dec 2025
Singapore (%) 51.6 Dec 2025 quarterly Mar 1995 - Dec 2025
Slovakia (%) 46.3 Sep 2025 quarterly Mar 2004 - Sep 2025
Slovenia (%) 28.2 Dec 2025 quarterly Mar 2004 - Dec 2025
South Africa (%) 41.2 Dec 2025 quarterly Mar 1969 - Dec 2025
Spain (%) 46.6 Dec 2025 quarterly Dec 1989 - Dec 2025
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 86.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Switzerland (%) 123.1 2024 yearly 1999 - 2024
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan, China (%) 94.3 2024 yearly 2000 - 2024
Thailand (%) 86.7 Dec 2025 quarterly Mar 2003 - Dec 2025
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.3 Sep 2025 quarterly Dec 2014 - Sep 2025
Ukraine (%) 4.1 Dec 2025 quarterly Dec 2002 - Dec 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 77.9 Dec 2025 quarterly Mar 1987 - Dec 2025
United States (%) 61.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Uruguay (%) 12.0 Dec 2025 quarterly Dec 2005 - Dec 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 (%) -5.5 Dec 2025 quarterly Sep 2002 - Dec 2025
Consolidated Fiscal Balance (USD mn) -1,080.194 Feb 2026 monthly Oct 2001 - Feb 2026
Tax Revenue (USD mn) 68,755.587 2024 yearly 1984 - 2024
Tax Revenue: % of GDP (%) 13.1 2024 yearly 1990 - 2024
National Government Debt (USD mn) 366,897.3 Feb 2026 monthly Oct 1997 - Feb 2026
Government Debt: % of GDP (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 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 (%) 66.090 Feb 2026 monthly Jan 2005 - Feb 2026
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) -2,833.6 Feb 2026 monthly Jan 1957 - Feb 2026
Total Exports (USD mn) 29,439.7 Feb 2026 monthly Oct 1990 - Feb 2026
Total Exports Growth (%) 0.3 Feb 2026 monthly Oct 1991 - Feb 2026
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) 32,273.3 Feb 2026 monthly Jan 1991 - Feb 2026
Total Imports Growth (%) 20.6 Feb 2026 monthly Jan 1992 - Feb 2026
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) 6,767.611 Feb 2026 monthly Jan 1971 - Feb 2026
Total Imports from USA (USD mn) 1,795.984 Feb 2026 monthly Jan 1971 - Feb 2026
Total Exports to China (USD mn) 2,851.724 Feb 2026 monthly Sep 1978 - Feb 2026
Total Imports from China (USD mn) 9,826.291 Feb 2026 monthly Apr 1974 - Feb 2026
MoC: Exports: Custom Basis (THB mn) 912,567.331 Feb 2026 monthly Oct 1990 - Feb 2026
MoC: Trade Balance: Custom Basis (THB mn) -101,165.892 Feb 2026 monthly Jan 1991 - Feb 2026
MoC: Imports: Custom Basis (THB mn) 1,013,733.223 Feb 2026 monthly Jan 1991 - Feb 2026
Imports Volume: Liquefied Natural Gas (Cub ft mn) 43,325.000 Feb 2026 monthly Jan 2010 - Feb 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,644.7 Dec 2025 quarterly Mar 2005 - Dec 2025
Current Account Balance (USD mn) 2,115.7 Feb 2026 monthly Jan 1985 - Feb 2026
Current Account Balance: % of GDP (%) -0.3 Dec 2025 quarterly Mar 1993 - Dec 2025
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 3.4 Dec 2025 quarterly Mar 1993 - Dec 2025
Foreign Portfolio Investment (USD mn) 1,009.620 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 0.7 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 139.2 Dec 2025 quarterly Mar 1976 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 870.410 Dec 2025 quarterly Mar 1976 - Dec 2025
External Debt (USD mn) 208,831.9 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt: % of GDP (%) 35.4 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Short Term (USD mn) 88,307.3 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt: Short Term: % of GDP (%) 15.3 2025 yearly 1980 - 2025
Forecast: Current Account Balance (USD bn) 17.404 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 91,861.190 Dec 2025 quarterly Mar 2012 - Dec 2025
BOP: USD: Current Account Balance (USD mn) 2,115.670 Feb 2026 monthly Jan 2005 - Feb 2026
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 (%) 86.7 Dec 2025 quarterly Mar 2003 - Dec 2025
Non-Performing Loans (USD mn) 16,142.553 Dec 2025 quarterly Mar 1998 - Dec 2025
Money Supply M1 (USD mn) 113,813.499 Feb 2026 monthly Dec 1975 - Feb 2026
Money Supply M2 (USD mn) 893,324.903 Feb 2026 monthly Jan 1997 - Feb 2026
M2 Growth (%) 4.3 Feb 2026 monthly Jan 1998 - Feb 2026
Reserve Requirement Ratio (%) 1.0 Mar 2026 monthly Sep 1997 - Mar 2026
Foreign Exchange Reserves (USD mn) 238,424.4 Mar 2026 monthly Jan 1993 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 7.7 Feb 2026 monthly Jan 1991 - Feb 2026
Gold Reserves (USD mn) 35,238.070 Mar 2026 monthly Dec 1956 - Mar 2026
Total Deposits (USD mn) 582,551.160 Feb 2026 monthly Dec 2000 - Feb 2026
Total Deposits Growth (%) 2.1 Feb 2026 monthly Dec 2001 - Feb 2026
Domestic Credit (USD mn) 907,135.0 Feb 2026 monthly Jan 2003 - Feb 2026
Domestic Credit Growth (%) 3.8 Feb 2026 monthly Jan 2004 - Feb 2026
Debt Service Ratio: Private Non-Financial Sector (%) 14.600 Sep 2025 quarterly Mar 1999 - Sep 2025
Credit to Households (USD bn) 507.808 Sep 2025 quarterly Dec 1991 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 966.462 Sep 2025 quarterly Mar 1957 - Sep 2025
Household Debt (USD mn) 502,273.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Total Loans (USD mn) 574,689.369 Feb 2026 monthly Jan 2003 - Feb 2026
Total Loans Growth (%) -2.00 Feb 2026 monthly Jan 2004 - Feb 2026
Private Debt: % of Nominal GDP (%) 161.67 Dec 2025 quarterly Mar 2011 - Dec 2025
Private Credits (THB mn) 30,670,192.000 Feb 2026 monthly Jan 2011 - Feb 2026
Credit: Outs: CB: Individuals (THB mn) 6,017,530.000 Feb 2026 monthly Jan 2004 - Feb 2026
Credit: Outs: CB: Businesses (THB mn) 6,555,485.000 Feb 2026 monthly Jan 2004 - Feb 2026
Deposit: Outs: CB: Individuals (THB mn) 9,138,427.000 Feb 2026 monthly Oct 2003 - Feb 2026
Deposit: Outs: CB: Businesses (THB mn) 5,906,021.000 Feb 2026 monthly Oct 2003 - Feb 2026
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -5.0 Mar 2026 monthly Feb 2000 - Mar 2026
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 52.300 Feb 2026 monthly Jan 2013 - Feb 2026
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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