Markets Actual Q4 Q1 Q2 Q3 2021
Currency 30.97 31.22 31.33 31.45 31.56 31.8
Stock Market (points) 800.79 787 772 758 743 714
Government Bond 10Y (%) 1.37 1.4 1.43 1.46 1.49 1.56

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -9.70 0.5 1.1 1.3 0.3 1.5
GDP Annual Growth Rate (%) -12.20 1.1 2.3 5.9 5.5 5.5
Unemployment Rate (%) 1.90 2.1 2 1.8 1.5 1.9
Inflation Rate (%) -0.70 0.6 0.7 2.5 3 2.2
Inflation Rate Mom (%) -0.11 0.7 0.5 0.6 0.5 0.5
Interest Rate (%) 0.50 0.25 0.25 0.25 0.5 0.75
Balance of Trade (USD Million) 4350.00 690 690 500 2000 690
Current Account (USD Million) 2995.65 2500 3500 3700 3450 3680
Current Account to GDP (%) 6.80 2 5 5 5 5
Government Debt to GDP (%) 41.80 46 44.5 44.5 44.5 44.5
Government Budget (% of GDP) -1.90 -4.5 -5.2 -5.2 -5.2 -5.2
Business Confidence (points) 47.50 46 49 50 52 51
Consumer Confidence (points) 50.20 53 58 69 63 65
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 2021
GDP Growth Rate (%) -9.70 0.5 1.1 1.3 0.3 1.5
GDP Annual Growth Rate (%) -12.20 1.1 2.3 5.9 5.5 5.5
GDP (USD Billion) 543.65 528 546 546 546 546
GDP Constant Prices (THB Million) 2344660.00 2895321 2764262 2735406 2831666 2982180
Gross National Product (THB Billion) 2388630.00 2993742 2899099 2916175 3018797 3083554
Gross Fixed Capital Formation (THB Million) 598233.00 697672 660385 624805 646793 718602
GDP per capita (USD) 6502.60 6450 6600 6600 6600 6600
GDP per capita PPP (USD) 18463.10 17200 18100 18100 18100 18100
GDP From Agriculture (THB Million) 154629.00 128595 204817 178011 184276 132453
GDP From Construction (THB Million) 83710.00 78254 61902 72179 74719 80601
GDP From Manufacturing (THB Million) 603282.00 799395 736908 751900 778360 823376
GDP From Mining (THB Million) 49003.00 63474 60084 59221 61306 65378
GDP From Public Administration (THB Million) 132262.00 138720 131925 135486 140254 142881
GDP From Transport (THB Million) 110367.00 306313 189655 191137 197864 315502
GDP From Utilities (THB Million) 76238.00 95077 68487 82929 85848 97929

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 1.90 2.1 2 1.8 1.5 1.9
Employed Persons (Thousand ) 38048.80 37200 37200 37400 37600 37700
Unemployed Persons (Thousand ) 723.90 770 690 610 550 550
Job Vacancies 37826.00 27000 30000 35000 32500 38000
Wages (THB/Month) 14317.63 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13462.30 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 331.00 335 335 345 345 345
Population (Million) 66.56 66.85 67.07 67.07 67.07 67.07
Labour Costs (points) 96.67 81 81 81 81 81
Productivity (points) 106.79 100 120 130 140 120
Youth Unemployment Rate (%) 8.00 5.8 5.5 5.5 5.3 5.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.70 0.6 0.7 2.5 3 2.2
Inflation Rate Mom (%) -0.11 0.7 0.5 0.6 0.5 0.5
Consumer Price Index CPI (points) 102.18 104 103 103 104 106
Core Consumer Prices (points) 102.96 104 103 103 103 105
Core Inflation Rate (%) 0.25 0.5 0.5 0.7 0.2 0.8
Producer Prices (points) 100.00 105 101 101 101 108
Food Inflation (%) 1.42 2 2.3 2.5 2.8 2.8
Producer Prices Change (%) -1.28 0.5 1.1 1.8 2 2.5
CPI Housing Utilities (points) 100.50 103 101 101 101 105
CPI Transportation (points) 96.52 103 102 97.87 98.87 105

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.50 0.25 0.25 0.25 0.5 0.75
Interbank Rate (%) 0.63 1.88 0.38 0.38 0.38 1.88
Banks Balance Sheet (THB Million) 21540814.00 22461739 22765777 23069816 23373854 23677893
Foreign Exchange Reserves (USD Million) 251053.11 259850 268822 277795 286767 295740
Loans to Private Sector (THB Million) 4466504.00 4056000 4205816 4279604 4555894 4437135
Deposit Interest Rate (%) 1.40 2 1.15 1.15 1.15 1.4
Central Bank Balance Sheet (THB Million) 8980883.00 8800486 8881282 8962079 9042876 9123673

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 4350.00 690 690 500 2000 690
Current Account (USD Million) 2995.65 2500 3500 3700 3450 3680
Current Account to GDP (%) 6.80 2 5 5 5 5
Imports (USD Million) 15862.98 19500 19500 21500 10950 22700
Exports (USD Million) 20212.35 20000 20000 23500 21500 23400
External Debt (USD Million) 172065.88 166000 163200 161500 159000 156000
Tourist Arrivals 0.00 20000 60000 310000 380000 420000
Gold Reserves (Tonnes) 154.00 154 154 154 154 154
Remittances (THB Billion) 17170.00 9950 10000 11000 13500 14000
Crude Oil Production (BBL/D/1K) 196.00 230 240 240 250 250
Foreign Direct Investment (THB Million) -16240.47 -5500 -3500 20900 35000 37500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 41.80 46 44.5 44.5 44.5 44.5
Government Budget (% of GDP) -1.90 -4.5 -5.2 -5.2 -5.2 -5.2
Government Budget Value (THB Million) -19521.00 35000 -58323 -15759 -12340 35000
Government Spending (THB Million) 402520.00 422626 396277 400980 415091 435305
Government Revenues (THB Million) 147419.00 194870 208657 213305 195000 230020
Fiscal Expenditure (THB Million) 134181.00 253193 224416 225645 234588 228087
Military Expenditure (USD Million) 6420.00 6200 6300 6300 6300 6300

Taxes Actual Q4 Q1 Q2 Q3 2021
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 2021
Business Confidence (points) 47.50 46 49 50 52 51
Industrial Production (%) -9.34 3.1 5.5 8.5 6.5 5.5
Industrial Production Mom (%) -6.00 0.6 0.6 0.6 0.6 0.6
Capacity Utilization (points) 61.35 59 61 63 65 65
Changes in Inventories (THB Million) -40910.00 29400 29400 29400 29400 29400
Car Registrations 29428.00 32200 33700 35100 35200 35200
Leading Economic Index (points) 156.17 170 171 172 173 174
Manufacturing Pmi (points) 49.90 50.5 52 52 51.5 51.5
Private Investment (%) -0.20 -2 -1.5 2.5 1.5 1.5
Total Vehicle Sales 68883.00 80000 80000 91000 85000 95000
Cement Production (Thousands of Ton ) 3242.67 3800 3500 3300 3800 3800
Car Production 156266.00 179621 193829 182829 185221 200000
Coincident Index (points) 125.21 125 127 127 126 132

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 50.20 53 58 69 63 65
Retail Sales YoY (%) -11.10 4.5 4.5 6.5 4.5 6.1
Consumer Spending (THB Million) 1327490.00 1483814 1456760 1475797 1527731 1528329
Disposable Personal Income (THB Million) 8767532.00 8965302 8863975 8969185 9284816 9234261
Personal Savings (%) 10.20 10 11 11 11 11
Bank Lending Rate (%) 6.00 7 5.75 5.75 5.75 7
Households Debt To GDP (% of GDP) 69.50 72 75 75 75 75
Personal Spending (%) -0.60 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 4881414.00 4865672 4905636 4953398 5127711 5011642
Gasoline Prices (USD/Liter) 0.93 0.96 0.7 0.66 0.63 0.91

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 150.60 157 159 161 164 166
Housing Starts (units) 12116.00 8000 8500 7900 8100 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.