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%.
Bangkok Post Reporter
