The total non-performing loans (NPLs) in Thailand have shown a declining trend, standing at 2.31 in 2023, after peaking at 3.08 in 2018. From 2021 to 2023, the year-on-year variation has been a consistent decrease by approximately 5%. The forecast data predicts this downward trajectory will continue, with an anticipated 5.48% annual decline leading to a forecasted value of 1.63 by 2028. Over the last five years, the compound annual growth rate (CAGR) has averaged -5.48%, representing a total reduction of 24.56% from 2024 to 2028.
Future trends to watch include economic policy changes and sectoral performance impacts on NPLs, which could influence the forecasted downward trend. Monitoring these factors will be crucial to understanding and predicting variations in NPL rates further. Additionally, global economic conditions and local financial regulations will be key determinants.
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