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Bangkok Post
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SHOCKING: Part 2 managing household debt - You Need To See This

Bank of Thailand Thailand
A sign advertises interest rates at a money expo. Household debt now exceeds 90% of Thai GDP as households struggle to make ends meet.  (Photo: Patipat Janthong)

This is the second article, Managing Household Debt, of the Changing Thailand series.

As explained earlier, Thailand has the highest non-mortgage household debt per GDP in the world. Household debt in most countries is dominated by mortgage debt which is not only of a long-term nature but is also collateralised by housing.

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