Thailand's household debt grows 1.3%, with non-performing personal loans rising to 8.48%.

Thailand's household debt rose 1.3% in the second quarter of 2024, totaling 16.32 trillion baht (about 471.78 billion USD), a slowdown from the previous quarter's 2.3% growth. Debt-to-GDP ratio fell to 89.6%. Most debt categories slowed or contracted except personal loans, which saw a rise in non-performing loans to 1.16 trillion baht, or 8.48% of total loans. The trend reflects high debt burdens, lower credit quality, and tighter lending standards by banks.

November 26, 2024
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