BoT views household debt trend as easing
The Bank of Thailand anticipates a further decline in the country’s household debt-to-GDP ratio, supported by the Thai economic recovery and slower loan growth.
According to central bank governor Sethaput Suthiwartnarueput, Thailand’s household debt-to-GDP was 90.9% in the first quarter this year, slightly reduced from the previous quarter. This decline was mainly attributed to the country’s economic recovery, he said.
Central bank data indicates total household debt after seasonal adjustments amounted to 16.4 trillion baht, or 90.9% of GDP, in the first quarter of 2024, compared with 91.0% in the previous quarter and 90.8% in the first quarter of 2023.
Bangkok Post Reporter
