SCB EIC: Household debt expands, livelihoods strain borrowing

Thansettakij•Economy•7h ago

Reader Briefing

Household debt in Thailand increased in Q4/2025, driven by consumer loans, as SCB EIC highlights concerns over financial strain.

•Household debt in Thailand reached 16.44 trillion baht in Q4/2025, marking a 0.05% increase year-on-year.
•The expansion was primarily fueled by personal consumption loans, indicating households rely on borrowing for daily expenses.
•SCB EIC notes a slower income recovery as a key factor contributing to increased reliance on debt.

•At Q4/2025, Thai household debt was 16.44 trillion baht, increasing 0.05% from the previous year.
•This marks a return to expansion after three consecutive quarters of contraction due to livelihood issues.
•Personal consumption loans reached 12.72 trillion baht, an increase of approximately 119 billion baht from the previous quarter.
•Households increasingly rely on loans to maintain daily spending due to slow income recovery.
•Real estate loans showed a slight increase but remain at a low level.
•Auto loans, education loans, and business loans continued to contract from the previous quarter.
•Private financial institution loans continue to contract, reflecting cautious lending, particularly by commercial banks.

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SCB EICℹ️

Economic research arm of Siam Commercial Bank that analyzes household debt trends.

Siam Commercial Bank(ธนาคารไทยพาณิชย์)ℹ️

Parent financial institution of SCB EIC.