Thailand's household debt ratio to gross domestic product (GDP) rose to 90.5% in the first quarter, the highest since at least 2003, Bank of Thailand (BoT) data showed on Wednesday, as coronavirus outbreaks battered the tourism-reliant economy.
At the end of March, household debt increased to 14.1 trillion baht from 14.0 trillion baht at the end of December, equal to 89.4% of GDP, already among Asia's highest. The BoT's household debt data starts from 2003.