The coverage of credit bureaus in Thailand has seen a mixed trend over the years. From 2013 to 2023, there were fluctuations with significant increases in certain years like 2015 with a 14.23% year-on-year rise, and declines such as in 2016 with an 11.96% decrease. However, the average annual growth (CAGR) over the last five years before 2023 was 1.33%. As of 2023, credit bureau coverage stands at 64.3% of the adult population. Future projections indicate a consistent uptick, with an estimated coverage of 71.4% by 2028.
Future trends to watch for:
- Legislative changes impacting credit reporting regulations- Technological advancements in data collection and analysis- Increase in digital financial services adoption- Economic shifts affecting borrowing behaviors and creditworthiness
