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Household debt dips again

Bangkok Post

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July 08, 2025

Measure down 5 quarters in a row

- SOMRUEDI BANCHONGDUANG

Household debt has declined for five consecutive quarters, falling to 87.4% of GDP in the first quarter of 2025, reflecting weaker loan demand from borrowers and stricter lending standards from financial institutions.

According to the Bank of Thailand report issued on June 30, total household debt tallied 16.35 trillion baht in the first quarter of 2025, equivalent to 87.4% of GDP, down from 16.42 trillion or 88.4% of GDP in the previous quarter.

Both the amount and ratio of household debt have consistently declined over the past five quarters, falling from 16.39 trillion baht or 91.3% of GDP in the fourth quarter of 2023, according to central bank data.

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