In a survey conducted by Rakuten Insight in March 2023, 24 percent of the respondents in Taiwan purchased items on credit due to inflation. In comparison, nine percent of the respondents in Thailand purchased items on credit to cope with inflation as of March 2023.
Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory
Characteristic
Share of respondents
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Survey question: "Which of the following actions have you taken in the last 12 months to cope with inflation?"
Number of respondents:
China - 5,010;
Hong Kong - 3,058;
Indonesia - 11,595;
India - 25,547;
Japan - 1,318;
South Korea - 6,867;
Malaysia - 10,284;
the Philippines - 11,317;
Singapore - 6,399;
Thailand - 13,174;
Taiwan - 11,324;
and Vietnam - 2,660.
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Rakuten Insight. (April 12, 2023). Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/
Rakuten Insight. "Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory." Chart. April 12, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/
Rakuten Insight. (2023). Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/
Rakuten Insight. "Share of Consumers Who Have Purchased Items on Credit to Cope with Inflation in Asia as of March 2023, by Country or Territory." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/
Rakuten Insight, Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory Statista, https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/ (last visited July 22, 2024)
Share of consumers who have purchased items on credit to cope with inflation in Asia as of March 2023, by country or territory [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1380551/asia-shopping-on-credit-due-to-inflation-by-country/