Connect with us

Thailand

Thailand’s household debt

Thaiger

Published 

 on 

Thailand’s household debt has been on the rise over the past decade, up from an average of 116,681 baht in 2007 to 178,994 baht in 2017, but should be measured with commensurate growth in wages, inflation and the country’s GDP.

Thailand's household debt | News by Thaiger

The figures show that Thailand’s debt for farming is around 16% of the total debt bill. 36% is spent on buying property and land whilst Thais only go into debt for education – around 1.6% of their total borrowings.

More disturbingly Thais are using borrowings and credit cards for keeping their lifestyles and daily costs alive. 39% of all Thai debt is for daily consumption items.

The three provinces that have the highest rate of debt are #1 Pathum Thani, #2 Krabi, #3 Nontaburi. The average debt for all Thais is 179,000 baht. Bangkok has the highest household debt at 202,000 baht per person, Yala the lowest at only 28,000 baht.

Thailand's household debt | News by Thaiger

SOURCE: The Nation

 

Want more from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

Follow Thaiger by email:

Coronavirus (Covid-19)3 hours ago

Vietnam strikes deal to manufacture vaccines, but which brand?

Crime5 hours ago

Motorbike thieves arrested after a million baht of bikes stolen

Tourism8 hours ago

300 tourism businesses given SHA Plus certification in Phuket

Phuket Sandbox July 1st

days
hours
minutes
seconds

Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Sponsored by image

Chiang Rai8 hours ago

Police warn child pornography is a serious matter after teacher caught downloading clips

Weather8 hours ago

Tropical storm Koguma brings heavy rain to North, Northeast

Thailand9 hours ago

(Another) poll (also) shows Thais’ lack of confidence in vaccine campaign

Politics10 hours ago

Despite rumours, PM and goverment not planning early election

Thailand10 hours ago

Thai PM not happy with soccer gambling

Coronavirus (Covid-19)11 hours ago

Doctors demand the government be more honest about Covid-19

Songkhla11 hours ago

Songkhla officials investigate pricey street lamps

Crime12 hours ago

Illegal casino operator accused of 4 charges including murder

Thailand12 hours ago

Survey shows lack of confidence in Government’s handling of vaccinations

Thailand13 hours ago

Goverment kind of discloses what the secret budget is spent on

Weather13 hours ago

Penis statue works as village sees rain after erection

Eastern Thailand14 hours ago

Man busted for allegedly possessing over 100 marijuana plants, selling marijuana online

Thailand3 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism3 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket3 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending