01 Jan 2021
Thailand’s household debt levels jumped to 86.6% of the country’s gross domestic product (GDO) during the third quarter of 2020, the highest since 2003 according to data from the Central Bank of Thailand. Household debt reached THB 13.77 trillion during the quarter ended September, up from THB 13.58 trillion at the end of June when household debt amounted to 83.8% of GDP, already among the highest in Asia according to a Reuters report.