Markets Actual Q1 Q2 Q3 Q4 2021
Currency 31.79 31.32 31.43 31.55 31.66 31.9
Stock Market (points) 919.65 1009 1000 990 982 964
Government Bond 10Y (%) 1.05 1.35 1.38 1.41 1.44 1.5

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.20 -0.6 0.7 0.5 0.8 0.8
GDP Annual Growth Rate (%) 1.60 0.2 2 2.5 2.5 2.9
Unemployment Rate (%) 1.00 1 1.2 1.2 1.2 1.5
Inflation Rate (%) 1.05 0.5 1.1 1.3 1.2 1.2
Inflation Rate Mom (%) 0.16 0.3 0.2 0.3 0.1 0.1
Interest Rate (%) 1.00 1 1 1.25 1.25 1.5
Balance of Trade (USD Million) -1555.70 3100 4300 500 690 690
Current Account (USD Million) 4108.67 4700 3720 2600 3420 3680
Current Account to GDP (%) 7.50 5.5 5.5 5.5 5.5 4.8
Government Debt to GDP (%) 41.80 43 43 43 43 41
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -3
Business Confidence (points) 48.50 50 51 52 52 52
Consumer Confidence (points) 67.30 68.5 70 75 80 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 Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.20 -0.6 0.7 0.5 0.8 0.8
GDP Annual Growth Rate (%) 1.60 0.2 2 2.5 2.5 2.9
GDP (USD Billion) 504.99 540 540 540 540 555
GDP Constant Prices (THB Million) 2741744.00 2723460 2757822 2769116 2810288 2891786
Gross National Product (THB Billion) 2867556.00 2865762 2756864 2702490 2939245 3024483
Gross Fixed Capital Formation (THB Million) 653200.00 651920 655157 664458 669530 688946
GDP per capita (USD) 6361.60 6606 6606 6606 6606 6762
GDP per capita PPP (USD) 16904.70 16200 16200 16200 16200 16200
GDP From Agriculture (THB Million) 122574.00 182538 161557 124106 125638 129282
GDP From Construction (THB Million) 71531.00 73849 74983 74910 73319 75446
GDP From Manufacturing (THB Million) 718348.00 722000 727953 726354 736307 757660
GDP From Mining (THB Million) 57303.00 56129 58539 58082 58736 60439
GDP From Public Administration (THB Million) 131646.00 132510 132798 132969 134937 138850
GDP From Transport (THB Million) 183618.00 183228 184623 185913 188208 193666
GDP From Utilities (THB Million) 89678.00 90790 92741 90799 91920 94586

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 1.00 1 1.2 1.2 1.2 1.5
Employed Persons (Thousand ) 37666.10 39100 39300 39300 39500 39500
Unemployed Persons (Thousand ) 367.00 360 388 390 400 400
Job Vacancies 21979.00 37000 38000 38000 42000 42000
Wages (THB/Month) 14238.13 14200 14200 14200 14700 14700
Wages in Manufacturing (THB/Month) 13350.40 13400 13400 13400 13700 13700
Minimum Wages (THB/Day) 331.00 345 345 345 345 365
Population (Million) 66.41 66.85 66.85 66.85 66.85 67.07
Productivity (points) 118.17 128 129 129 131 131
Labour Costs (points) 93.60 83 83 83 81 81
Youth Unemployment Rate (%) 5.20 4.6 4.7 4.8 4.8 4.8

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.05 0.5 1.1 1.3 1.2 1.2
Inflation Rate Mom (%) 0.16 0.3 0.2 0.3 0.1 0.1
Consumer Price Index CPI (points) 102.78 103 104 104 104 105
Core Consumer Prices (points) 102.82 103 103 104 104 105
Core Inflation Rate (%) 0.47 0.54 0.6 0.8 0.9 0.9
Producer Prices (points) 101.60 104 104 103 103 105
Food Inflation (%) 1.82 2.2 2.5 2 2.8 2.8
Producer Prices Change (%) 0.79 1.9 2.1 1.6 2.1 2.5
CPI Housing Utilities (points) 100.57 101 102 102 102 103
CPI Transportation (points) 100.03 103 103 103 102 104

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 1.00 1 1 1.25 1.25 1.5
Interbank Rate (%) 1.12 1.36 1.36 1.61 1.61 1.86
Foreign Exchange Reserves (USD Million) 230309.48 230200 233000 237000 238300 242300
Banks Balance Sheet (THB Million) 20094765.00 19200000 19300000 19300000 19700000 19700000
Loans to Private Sector (THB Million) 4160055.00 4146938 4276672 4277911 4264056 4387714
Deposit Interest Rate (%) 1.29 1.29 1.29 1.54 1.54 1.79
Central Bank Balance Sheet (THB Million) 7547237.00 7680000 7700000 7700000 7850000 7850000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -1555.70 3100 4300 500 690 690
Current Account (USD Million) 4108.67 4700 3720 2600 3420 3680
Current Account to GDP (%) 7.50 5.5 5.5 5.5 5.5 4.8
Imports (USD Million) 21181.43 18500 17400 21000 21400 22700
Exports (USD Million) 19625.73 21600 21700 21500 22000 23400
External Debt (USD Million) 166220.29 154000 165845 169122 156000 156000
Tourist Arrivals 3810155.00 3000000 3100000 2750000 3100000 3930000
Gold Reserves (Tonnes) 153.84 154 154 154 154 154
Remittances (THB Billion) 10957.00 11850 10900 11000 14000 14000
Crude Oil Production (BBL/D/1K) 221.00 237 237 237 250 250
Foreign Direct Investment (THB Million) 30322.68 37579 38236 38893 39550 42178

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 41.80 43 43 43 43 41
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -3
Government Budget Value (THB Million) 17939.00 3985 6550 9113 11677 21933
Government Spending (THB Million) 391965.00 402292 402201 403210 401764 413415
Government Revenues (THB Million) 214818.00 223507 227295 231082 234870 250020
Fiscal Expenditure (THB Million) 219981.00 219522 220745 221969 223193 228087
Military Expenditure (USD Million) 6420.00 6198 6198 6198 6198 6198

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 48.50 50 51 52 52 52
Industrial Production (%) -4.59 -4.3 2.5 2 3.1 3.2
Industrial Production Mom (%) 2.60 0.5 0.3 0.4 0.6 0.6
Capacity Utilization (points) 65.01 68.6 68.2 68.2 67.1 67.1
Changes in Inventories (THB Million) 97810.00 18700 18700 18700 29400 29400
Car Registrations 42330.00 45000 40000 35000 32200 35200
Leading Economic Index (points) 151.55 153 153 152 154 157
Private Investment (%) -1.20 5 2.5 6 -1.6 -1.2
Manufacturing Pmi (points) 49.90 50.5 50.8 50.1 51.1 51.1
Total Vehicle Sales 71688.00 95000 87000 86000 91000 93000
Cement Production (Thousands of Ton ) 3293.07 3550 3500 3600 3800 3800
Car Production 154088.00 199619 175081 161525 179621 200000
Coincident Index (points) 126.93 128 128 129 129 132

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 67.30 68.5 70 75 80 82.9
Retail Sales YoY (%) -3.40 6.9 6.5 6.2 5.1 6.1
Consumer Spending (THB Million) 1440910.00 1400690 1432040 1448600 1476933 1519764
Disposable Personal Income (THB Million) 8312890.00 8321203 8396019 8416801 8520712 8767813
Personal Savings (%) 11.20 10 10 10 10 11
Bank Lending Rate (%) 6.75 6.75 6.75 7 7 7.25
Personal Spending (%) 0.40 1.1 0.8 0.5 1.3 1.3
Consumer Credit (THB Million) 4852261.00 4591624 4704682 4795933 4973568 5117801
Gasoline Prices (USD/Liter) 1.10 0.98 1 1.03 1.07 1.07
Households Debt To GDP (% of GDP) 68.50 68 76.8 76.8 76.8 76.8

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 146.30 143 143 142 144 149
Housing Starts (units) 8199.00 9500 8500 11500 7000 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.