Household debt reaches 18-year high

Thailand’s household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.

Kasikorn Research Center (K-Research) reported Thailand’s outstanding household debt increased to 14.13 trillion baht in the first quarter of 2021, or 90.5% of GDP, the highest level in 18 years according to Bank of Thailand data.

In the fourth quarter of 2020, the household debt ratio was 84.9%.

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Bangkok Post Reporter