Thailand Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Thailand's credit to gdp was 146.29% in 2025, ranked 6th globally. This represents a 1.1% decrease from 2024. Data from World Bank, covering 2007–2025.
Overview
Thailand's credit to gdp stood at 146.29% in 2025, a decline of +1.69% from 2024. Based on recent trends, this figure is projected to reach 146.29% by 2025. Thailand ranked 6th globally.
Thailand’s credit‑to‑GDP ratio has risen steadily over the 19‑year series, moving from 106.36 in 2007 to a recent 146.29 in 2025, which places the country sixth worldwide. The metric reached its all‑time high of 164.10 in 2021, a level that exceeds the 2025 figure by 17.81 points, while the lowest point occurred in 2008 at 105.76, only 0.40 points above the 2007 baseline. Compared with regional peers, Vietnam’s 2025 ratio of 143.43 lags slightly behind Thailand, whereas South Korea’s 164.70 sits marginally above Thailand’s 2021 peak, highlighting a broader East‑Asian trend toward deeper financial intermediation. The upward trajectory reflects expanding domestic borrowing, robust private‑sector credit growth, and accommodative monetary policy, yet the gap between the 2025 level and the 2021 peak suggests some recent moderation. Continued fiscal consolidation, tighter macro‑prudential safeguards, or a shift in global financing conditions could temper further acceleration, while sustained demand for credit would likely keep the ratio on an upward path.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 139.45% | - | - |
| 2026* trend | 142.87% | - | - |
| 2025* trend | 146.29% | - | - |
| 2025 | 146.29% | −1.69% | #6 |
| 2024 | 147.98% | −6.16% | #119 |
| 2023 | 154.14% | −2.31% | #144 |
| 2022 | 156.45% | −7.64% | #152 |
| 2021 | 164.10% | +3.98% | #159 |
| 2020 | 160.11% | +16.74% | #161 |
| 2019 | 143.37% | −0.72% | #166 |
| 2018 | 144.09% | −0.55% | #166 |
| 2017 | 144.64% | −1.58% | #166 |
| 2016 | 146.22% | −3.15% | #169 |
| 2015 | 149.37% | +3.81% | #168 |
| 2014 | 145.56% | +3.20% | #168 |
| 2013 | 142.36% | +6.13% | #166 |
| 2012 | 136.23% | +5.56% | #165 |
| 2011 | 130.67% | +14.93% | #162 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's credit to gdp was 146.29% in 2025. Ranked 6th globally. This represents a 1.1% decrease from the previous year.
Thailand's credit to gdp peaked at 164.10% in 2021.
The lowest credit to gdp in Thailand was 105.76% in 2008.
Thailand ranks 6th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Thailand's credit to gdp is projected to reach 146.29% by 2025 based on trend extrapolation.
The credit to gdp of Thailand in 2025 was 146.29%. This ranks 6th in the world.
Cite this page
@misc{historysaid_thailand_credit-to-gdp,
title = {Thailand Credit to GDP},
url = {https://historysaid.com/thailand/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}