THAILAND: Half of households owe B160,000 on average

Almost half of Thai households had debts of 160,000 baht on average in the first half of this year, according to official statistics. The National Statistical Office unveiled the results of its survey on the economy conducted on 26,000 households on Friday. It found 49.2% of all households had debts averaging 163,276 baht during the period.

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The majority, 91.4%, of the indebted households borrowed from financial institutions. However, the average debt of this group was 49 times that owed to loan sharks (160,012 baht compared to 3,264 baht) the report said.

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