Markets Actual Q4 Q1 Q2 Q3 2020
Currency 30.29 30.74 30.86 30.99 31.12 31.37
Stock Market (points) 1089.28 1080 1069 1058 1048 1027
Government Bond 10Y (%) 1.58 1.53 1.56 1.59 1.62 1.69
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 0.5 0.8 0.7 0.5 0.8
GDP Annual Growth Rate (%) 2.30 2.6 3.5 3.3 3.2 3.6
Unemployment Rate (%) 1.00 1 1 1.2 1.2 1.2
Inflation Rate (%) 0.32 1 1 1.1 1.3 1.2
Inflation Rate Mom (%) 0.10 0.2 0.3 0.2 0.3 0.1
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (USD Million) 2052.57 800 3100 3100 4300 690
Current Account (USD Million) 3990.00 4150 4700 3720 2600 3420
Current Account to GDP (%) 7.50 7.1 7.1 6.9 6.9 6.9
Government Debt to GDP (%) 41.80 45 43 43 43 43
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -2.9
Business Confidence (Index Points) 47.90 51.6 50 51 52 52
Consumer Confidence (Index Points) 72.20 78.8 80.2 83 82.5 82.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 0.5 0.8 0.7 0.5 0.8
GDP Annual Growth Rate (%) 2.30 2.6 3.5 3.3 3.2 3.6
GDP (USD Billion) 504.99 520 540 540 540 540
GDP Constant Prices (THB Million) 2731179.00 2786642 2778588 2810227 2821308 2895321
Gross National Product (THB Billion) 2729568.00 2881369 2873041 2963100 2819644 2993742
Gross Fixed Capital Formation (THB Million) 648147.00 671484 669544 675354 669536 697672
GDP per capita (USD) 6361.60 6445 6445 6445 6445 6445
GDP per capita PPP (USD) 16904.70 17012 16200 16200 16200 16200
GDP From Agriculture (THB Million) 178581.00 123768 123410 176969 184474 128595
GDP From Construction (THB Million) 74313.00 75316 75099 76629 76765 78254
GDP From Manufacturing (THB Million) 718654.00 769388 767165 747338 742370 799395
GDP From Mining (THB Million) 61887.00 61091 60915 59725 63929 63474
GDP From Public Administration (THB Million) 130268.00 133513 133127 135397 134567 138720
GDP From Transport (THB Million) 182985.00 294815 293963 189613 189024 306313
GDP From Utilities (THB Million) 92108.00 91508 91244 93668 95148 95077
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 1.00 1 1 1.2 1.2 1.2
Unemployed Persons (Thousand ) 385.00 360 360 388 390 400
Wages (THB/Month) 14353.55 14200 14200 14200 14200 14700
Wages in Manufacturing (THB/Month) 13290.80 13400 13400 13400 13400 13700
Minimum Wages (THB/Day) 325.00 334 345 345 345 345
Population (Million) 66.41 66.57 66.73 66.73 66.73 66.73
Labour Costs (Index Points) 93.72 83 83 83 83 81
Youth Unemployment Rate (%) 6.50 4.5 4.6 4.7 4.8 4.8
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.32 1 1 1.1 1.3 1.2
Inflation Rate Mom (%) 0.10 0.2 0.3 0.2 0.3 0.1
Consumer Price Index CPI (Index Points) 102.90 103 103 104 104 104
Core Consumer Prices (Index Points) 102.70 103 103 103 104 104
Core Inflation Rate (%) 0.44 0.8 0.5 0.6 0.8 0.9
Producer Prices (Index Points) 101.30 103 103 104 104 105
Food Inflation (%) 2.50 1.8 2.2 2.5 2 2.8
Producer Prices Change (%) -1.94 1.5 1.9 2.1 1.6 2.1
CPI Housing Utilities (Index Points) 100.69 101 102 102 102 103
CPI Transportation (Index Points) 101.59 102 103 103 103 103
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.62 1.88 1.88 1.62 1.62 1.88
Foreign Exchange Reserves (USD Million) 221300.00 225200 230200 233000 237000 238300
Banks Balance Sheet (THB Million) 19648649.00 19200000 19200000 19300000 19300000 19700000
Loans to Private Sector (THB Million) 4219407.00 4048000 4290123 4287793 4374062 4056000
Deposit Interest Rate (%) 1.29 1.29 1.29 1.29 1.29 2
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 2052.57 800 3100 3100 4300 690
Current Account (USD Million) 3990.00 4150 4700 3720 2600 3420
Current Account to GDP (%) 7.50 7.1 7.1 6.9 6.9 6.9
Imports (USD Million) 19862.36 18800 18500 17400 21000 21400
Exports (USD Million) 21914.93 19600 21600 21700 21500 22000
External Debt (USD Million) 166790.88 154000 165845 169122 168795 156000
Tourist Arrivals 3466456.00 3730000 3330000 3100000 2750000 3800000
Gold Reserves (Tonnes) 153.96 154 154 154 154 154
Crude Oil Production (BBL/D/1K) 227.00 237 237 237 237 250
Foreign Direct Investment (THB Million) 32855.92 36400 -28800 -28800 35000 24000
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 41.80 45 43 43 43 43
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -2.9
Government Spending (THB Million) 394584.00 406762 405586 413691 407605 422626
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 7.00 7 7 7 7 7
Social Security Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 47.90 51.6 50 51 52 52
Industrial Production (%) -4.40 3.4 2.8 2.5 2 3.1
Industrial Production Mom (%) -0.30 0.8 0.5 0.3 0.4 0.6
Changes in Inventories (THB Million) 13628.00 18700 18700 18700 18700 29400
Car Registrations 35775.00 28500 45000 40000 35000 32200
Leading Economic Index (Index Points) 152.19 152 153 153 152 154
Manufacturing Pmi 50.60 50.9 50.5 50.8 50.1 51.1
Total Vehicle Sales 76195.00 105000 95000 87000 86000 91000
Cement Production (Thousands of Ton ) 3390.31 3550 3550 3500 3600 3800
Car Production 170847.00 166000 190000 170000 180000 180000
Coincident Index (Index Points) 128.12 128 128 128 129 129
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 72.20 78.8 80.2 83 82.5 82.9
Retail Sales YoY (%) 1.30 7.2 6.9 6.5 6.2 5.1
Consumer Spending (THB Million) 1402406.00 1428118 1423990 1439180 1448685 1483814
Disposable Personal Income (THB Million) 8312890.00 8628780 8603841 8603841 8587215 8965302
Personal Savings (%) 11.20 10.4 10 10 10 10
Bank Lending Rate (%) 6.87 7 7 7 7 7
Personal Spending (%) 0.30 1 1 0.8 0.5 1.3
Consumer Credit (THB Million) 4658101.00 4683034 4669499 4747583 4811818 4865672
Gasoline Prices (USD/Liter) 1.14 0.98 0.96 0.99 0.96 0.96
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index points) 144.30 142 143 143 142 144
Housing Starts (units) 7536.00 7290 7290 9310 13500 8500


This page has economic forecasts for Thailand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Thailand economy.