Forecast: Number of Depositors at Commercial Banks in Thailand

The number of depositors at commercial banks in Thailand has shown a steady increase from 1.15 million persons per million in 2013 to 1.51 million in 2023. Over the past years, the growth has displayed minor fluctuations, with the highest year-on-year increase of 4.61% in 2017 and recent growth stabilizing around 3.11% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 3.29%, indicating sustained growth in the sector.

Looking forward, the forecasted data suggests a continued rise, reaching 1.73 million persons per million by 2028, with an expected 5-year CAGR of 2.2% and an overall 5-year growth rate of 11.51%. These projections indicate a steady, albeit slightly slower, growth trajectory ahead.

Future trends to watch for include:

• Increasing digital banking adoption and its impact on depositor numbers.
• Regulatory changes affecting the banking sector.
• Economic factors such as GDP growth and inflation influencing saving behaviors.
• The role of financial inclusion initiatives in expanding the depositor base.