Thailand Household Debt: % of GDP

2003 - 2023 | Quarterly | % | CEIC Data

Key information about Thailand Household Debt: % of GDP

  • Thailand household debt accounted for 86.6 % of the country's Nominal GDP in Sep 2023, 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 Sep 2023.
  • The data reached an all-time high of 90.8 % 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.


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 2.0 % YoY in Dec 2023.
  • Thailand Foreign Exchange Reserves was measured at 199.0 USD bn in Jan 2024.
  • The Foreign Exchange Reserves equaled 9.2 Months of Import in Dec 2023.
  • Thailand Domestic Credit reached 768.6 USD bn in Dec 2023, representing an increased of 3.9 % YoY.

View Thailand's Household Debt: % of GDP from Mar 2003 to Sep 2023 in the chart:

Thailand Household Debt: % of GDP

What was Thailand's Household Debt: % of GDP in Sep 2023?

Thailand household debt accounted for 86.6 % of the country's Nominal GDP in Sep 2023, 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
86.6 Sep 2023 86.4 Jun 2023 40.6 Mar 2003 90.8 Mar 2021 % quarterly Mar 2003 - Sep 2023

Household Debt: % of GDP by Country Comparison

Buy Selected Data

Includes Household Debt: % of GDP on 90 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 11.8 Sep 2023 quarterly Dec 2008 - Sep 2023
Argentina (%) 3.9 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) 25.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 45.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Azerbaijan (%) 11.4 Dec 2023 quarterly Mar 2005 - Dec 2023
Belarus (%) 9.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Belgium (%) 60.1 Sep 2023 quarterly Dec 1992 - Sep 2023
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.1 Dec 2023 quarterly Dec 2008 - Dec 2023
Botswana (%) 20.2 Dec 2023 quarterly Dec 2002 - Dec 2023
Brunei (%) 14.1 Sep 2023 quarterly Dec 2013 - Sep 2023
Bulgaria (%) 27.4 2022 yearly 1995 - 2022
Cambodia (%) 36.0 2022 yearly 2008 - 2022
Canada (%) 101.2 Dec 2023 quarterly Mar 1969 - Dec 2023
Chile (%) 40.4 Dec 2023 quarterly Mar 2009 - Dec 2023
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 32.3 Dec 2023 quarterly Dec 2015 - Dec 2023
Croatia (%) 33.1 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (%) 88.2 2022 yearly 1995 - 2022
Czech Republic (%) 36.8 Dec 2023 quarterly Mar 2004 - Dec 2023
Denmark (%) 86.8 2022 yearly 1994 - 2022
Ecuador (%) 16.8 Dec 2023 quarterly Dec 2006 - Dec 2023
Egypt (%) 7.8 Dec 2023 quarterly Dec 2002 - Dec 2023
Estonia (%) 37.9 Sep 2023 quarterly Dec 2003 - Sep 2023
European Union (%) 46.3 Dec 2023 quarterly Sep 1997 - Dec 2023
Finland (%) 74.7 2023 yearly 1995 - 2023
France (%) 75.1 2022 yearly 1977 - 2022
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 52.9 Sep 2023 quarterly Dec 1991 - Sep 2023
Greece (%) 47.1 Sep 2023 quarterly Dec 1997 - Sep 2023
Hong Kong SAR, China (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Hungary (%) 20.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Iceland (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
India (%) 14.8 2023 yearly 1998 - 2023
Indonesia (%) 9.6 Dec 2023 quarterly Dec 2010 - Dec 2023
Ireland (%) 28.3 Sep 2023 quarterly Mar 2002 - Sep 2023
Israel (%) 42.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Italy (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 65.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Jordan (%) 81.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Kazakhstan (%) 15.1 Sep 2023 quarterly Dec 1997 - Sep 2023
South Korea (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Kosovo (%) 19.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Kuwait (%) 0.5 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 19.9 Jun 2023 quarterly Mar 2004 - Jun 2023
Lithuania (%) 23.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Macau SAR, China (%) 87.1 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 27.3 Dec 2023 quarterly Mar 2003 - Dec 2023
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 43.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mongolia (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Montenegro (%) 24.7 Dec 2023 quarterly Dec 2010 - Dec 2023
Morocco (%) 25.3 2022 yearly 2001 - 2022
Netherlands (%) 92.4 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 91.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Norway (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Panama (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Peru (%) 16.9 Dec 2023 quarterly Mar 2001 - Dec 2023
Philippines (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Poland (%) 24.5 Sep 2023 quarterly Dec 2003 - Sep 2023
Portugal (%) 67.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Romania (%) 14.7 Dec 2023 quarterly Mar 2007 - Dec 2023
Russia (%) 20.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Saudi Arabia (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
Serbia (%) 18.1 Dec 2023 quarterly Dec 2003 - Dec 2023
Singapore (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Slovakia (%) 46.7 Sep 2023 quarterly Mar 2004 - Sep 2023
Slovenia (%) 27.6 Dec 2023 quarterly Mar 2004 - Dec 2023
South Africa (%) 40.8 Dec 2023 quarterly Mar 1969 - Dec 2023
Spain (%) 50.6 Dec 2023 quarterly Dec 1989 - Dec 2023
Sri Lanka (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Sweden (%) 86.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 128.4 2022 yearly 1999 - 2022
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.7 2022 yearly 2000 - 2022
Thailand (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 11.7 Sep 2023 quarterly Dec 2014 - Sep 2023
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 83.5 Dec 2023 quarterly Mar 1987 - Dec 2023
United States (%) 64.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Uruguay (%) 11.3 Dec 2023 quarterly Dec 2005 - Dec 2023
Venezuela (%) 3.4 2017 yearly 2004 - 2017

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Thailand Key Series

Buy Selected Data

Includes 294 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) -1,041.625 Jan 2024 monthly Oct 2001 - Jan 2024
Tax Revenue (USD mn) 67,893.852 2022 yearly 1984 - 2022
Tax Revenue: % of GDP (%) 13.4 2022 yearly 1990 - 2022
National Government Debt (USD mn) 276,423.6 Feb 2024 monthly Oct 1997 - Feb 2024
Government Debt: % of GDP (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (THB bn) 5,065.690 2028 yearly 1995 - 2028
Forecast: Government Net Debt (THB bn) 13,689.050 2028 yearly 1996 - 2028
Forecast: Government Revenue (THB bn) 4,525.300 2028 yearly 1995 - 2028
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) -554.0 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 23,384.9 Feb 2024 monthly Oct 1990 - Feb 2024
Total Exports Growth (%) 12.3 Feb 2024 monthly Oct 1991 - Feb 2024
Aluminum: Exports (USD th) 1,568,630.600 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 435,513.625 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 196,247.335 2022 yearly 1995 - 2022
Total Imports (USD mn) 23,938.8 Feb 2024 monthly Jan 1991 - Feb 2024
Total Imports Growth (%) 11.7 Feb 2024 monthly Jan 1992 - Feb 2024
Imports: Medicament (USD th) 1,843,219.521 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,586,101.179 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 4,072.093 Feb 2024 monthly Jan 1971 - Feb 2024
Total Imports from USA (USD mn) 1,587.353 Feb 2024 monthly Jan 1971 - Feb 2024
Total Exports to China (USD mn) 2,320.343 Feb 2024 monthly Sep 1978 - Feb 2024
Total Imports from China (USD mn) 5,631.694 Feb 2024 monthly Apr 1974 - Feb 2024
MoC: Imports: Custom Basis (THB mn) 856,508.112 Feb 2024 monthly Jan 1991 - Feb 2024
MoC: Exports: Custom Basis (THB mn) 827,139.032 Feb 2024 monthly Oct 1990 - Feb 2024
MoC: Trade Balance: Custom Basis (THB mn) -29,369.080 Feb 2024 monthly Jan 1991 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,549.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) 1,965.5 Feb 2024 monthly Jan 1985 - Feb 2024
Current Account Balance: % of GDP (%) 1.5 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Portfolio Investment (USD mn) -1,146.350 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.9 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -741.7 Dec 2023 quarterly Mar 1976 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -404.680 Dec 2023 quarterly Mar 1976 - Dec 2023
External Debt (USD mn) 193,212.3 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: % of GDP (%) 38.4 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Short Term (USD mn) 79,224.7 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: Short Term: % of GDP (%) 15.4 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 42,907.160 Dec 2023 quarterly Mar 2012 - Dec 2023
BOP: USD: Current Account Balance (USD mn) 1,965.450 Feb 2024 monthly Jan 2005 - Feb 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Financial & Insurance Activities (THB mn) -31,607.400 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -163.140 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Manufacturing (THB mn) 10,477.880 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Mining & Quarrying (THB mn) 3,484.020 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 Dec 2023 quarterly Mar 2005 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Non-Performing Loans (USD mn) 14,347.394 Dec 2023 quarterly Mar 1998 - Dec 2023
Money Supply M1 (USD mn) 86,549.219 Feb 2024 monthly Dec 1975 - Feb 2024
Money Supply M2 (USD mn) 718,682.729 Feb 2024 monthly Jan 1997 - Feb 2024
M2 Growth (%) 2.5 Feb 2024 monthly Jan 1998 - Feb 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Sep 1997 - Mar 2024
Foreign Exchange Reserves (USD mn) 199,906.3 Mar 2024 monthly Jan 1993 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 8.3 Feb 2024 monthly Jan 1991 - Feb 2024
Gold Reserves (USD mn) 16,837.550 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 485,015.095 Feb 2024 monthly Dec 2000 - Feb 2024
Total Deposits Growth (%) 1.3 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit (USD mn) 741,734.4 Feb 2024 monthly Jan 2003 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Jan 2004 - Feb 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.000 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 448.346 Sep 2023 quarterly Dec 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 869.949 Sep 2023 quarterly Mar 1957 - Sep 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 486,726.256 Feb 2024 monthly Jan 2007 - Feb 2024
Total Loans Growth (%) -2.14 Feb 2024 monthly Jan 2008 - Feb 2024
Private Debt: % of Nominal GDP (%) 171.50 Dec 2023 quarterly Mar 2011 - Dec 2023
MA: Narrow Money (NM) (THB mn) 3,101,924.000 Feb 2024 monthly Jan 1997 - Feb 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,757,589.000 Feb 2024 monthly Jan 1997 - Feb 2024
MA: Quasi Money (THB mn) 22,655,665.000 Feb 2024 monthly Jan 1997 - Feb 2024
Credit: Outs: CB: Individuals (THB mn) 6,349,659.000 Feb 2024 monthly Jan 2004 - Feb 2024
Credit: Outs: CB: Businesses (THB mn) 7,043,904.000 Feb 2024 monthly Jan 2004 - Feb 2024
Deposit: Outs: CB: Businesses (THB mn) 5,399,025.000 Feb 2024 monthly Oct 2003 - Feb 2024
Deposit: Outs: CB: Individuals (THB mn) 8,995,763.000 Feb 2024 monthly Oct 2003 - Feb 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -6.6 Mar 2024 monthly Feb 2000 - Mar 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

More Indicators for Thailand

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data