Markets Actual Q3 Q4 Q1 Q2 2021
Currency 30.95 31.06 31.18 31.29 31.41 31.65
Stock Market (points) 883.71 867 850 834 818 786
Government Bond 10Y (%) 1.27 1.23 1.25 1.28 1.31 1.37

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.20 -4.5 1.5 0.5 1.1 1.5
GDP Annual Growth Rate (%) -1.80 -4.5 -1.5 1.1 2.3 5.5
Unemployment Rate (%) 1.00 1.6 1.9 2.1 2.3 1.9
Inflation Rate (%) -3.44 -4.5 1.3 1.2 1.2 1.2
Inflation Rate Mom (%) 0.01 0.2 0.1 0.3 0.5 0.5
Interest Rate (%) 0.50 0.5 0.25 0.25 0.25 0.75
Balance of Trade (USD Million) 2690.00 3300 2500 500 600 700
Current Account (USD Million) 60.00 1500 2000 3000 3420 3680
Current Account to GDP (%) 6.80 2 2 2 5 5
Government Debt to GDP (%) 41.80 46 46 46 44.5 44.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -5.2 -5.2
Business Confidence (points) 34.40 42 46 49 50 51
Consumer Confidence (points) 48.20 55 62 65 66 70
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.20 -4.5 1.5 0.5 1.1 1.5
GDP Annual Growth Rate (%) -1.80 -4.5 -1.5 1.1 2.3 5.5
GDP (USD Billion) 520.00 540 540 540 555 555
GDP Constant Prices (THB Million) 2673906.00 2668830 2718870 2764262 2735406 2916296
Gross National Product (THB Billion) 2850611.00 2668153 2649108 2899099 2916175 3058550
Gross Fixed Capital Formation (THB Million) 610758.00 634075 651333 660385 624805 696706
GDP per capita (USD) 6361.60 6606 6606 6606 6762 6762
GDP per capita PPP (USD) 16904.70 16753 16200 16200 16753 17634
GDP From Agriculture (THB Million) 174009.00 156358 529057 204817 178011 216082
GDP From Construction (THB Million) 70556.00 72571 73430 61902 72179 65306
GDP From Manufacturing (THB Million) 734995.00 704529 712007 736908 751900 777438
GDP From Mining (THB Million) 57890.00 56655 56935 60084 59221 63388
GDP From Public Administration (THB Million) 132440.00 128525 130342 131925 135486 139181
GDP From Transport (THB Million) 186840.00 178682 176744 189655 191137 200085
GDP From Utilities (THB Million) 81065.00 89757 75442 68487 82929 72254

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 1.00 1.6 1.9 2.1 2.3 1.9
Employed Persons (Thousand ) 37331.80 39300 39300 39500 39500 39500
Unemployed Persons (Thousand ) 439.30 388 390 400 400 400
Job Vacancies 42260.00 38000 38000 42000 42000 42000
Wages (THB/Month) 14392.15 14200 14200 14700 14700 14700
Wages in Manufacturing (THB/Month) 13350.40 13400 13400 13700 13700 13700
Minimum Wages (THB/Day) 331.00 345 345 345 345 365
Population (Million) 66.56 66.85 66.85 66.85 67.07 67.07
Labour Costs (points) 89.06 83 83 81 81 81
Productivity (points) 126.86 129 129 131 131 131
Youth Unemployment Rate (%) 5.40 4.7 4.8 4.8 4.8 4.8

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -3.44 -4.5 1.3 1.2 1.2 1.2
Inflation Rate Mom (%) 0.01 0.2 0.1 0.3 0.5 0.5
Consumer Price Index CPI (points) 99.76 98.31 104 104 103 105
Core Consumer Prices (points) 102.51 103 104 104 104 105
Core Inflation Rate (%) 0.01 0.2 0.8 0.9 0.9 0.9
Producer Prices (points) 98.10 104 103 103 103 105
Food Inflation (%) -0.01 2.5 2 2.8 2.8 2.8
Producer Prices Change (%) -4.76 2.1 1.6 2.1 2.1 2.5
CPI Housing Utilities (points) 94.95 96.07 102 102 102 103
CPI Transportation (points) 94.02 97.03 103 102 98.36 104

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.50 0.5 0.25 0.25 0.25 0.75
Interbank Rate (%) 0.63 0.63 0.38 0.38 0.38 0.88
Banks Balance Sheet (THB Million) 21650969.00 19300000 19300000 19700000 19700000 19700000
Foreign Exchange Reserves (USD Million) 237245.78 233000 237000 238300 238300 242300
Loans to Private Sector (THB Million) 4302072.00 4139057 4193409 4205816 4279604 4437135
Deposit Interest Rate (%) 1.40 1.4 1.15 1.15 1.15 1.65
Central Bank Balance Sheet (THB Million) 8667590.00 7700000 7700000 7850000 7850000 7850000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 2690.00 3300 2500 500 600 700
Current Account (USD Million) 60.00 1500 2000 3000 3420 3680
Current Account to GDP (%) 6.80 2 2 2 5 5
Imports (USD Million) 13583.81 12400 15000 19500 21400 22700
Exports (USD Million) 16278.39 15700 19500 20000 22000 23400
External Debt (USD Million) 172134.75 154000 165845 156000 156000 156000
Tourist Arrivals 0.00 1800000 2000000 2100000 2250000 3930000
Gold Reserves (Tonnes) 154.00 154 154 154 154 154
Remittances (THB Billion) 8996.00 10900 11000 14000 14000 14000
Crude Oil Production (BBL/D/1K) 222.00 237 237 250 250 250
Foreign Direct Investment (THB Million) 73682.49 38236 38893 39550 40207 42178

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 41.80 46 46 46 44.5 44.5
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -5.2 -5.2
Government Budget Value (THB Million) 17939.00 -163450 -94605 -58323 -15759 1933
Government Spending (THB Million) 391965.00 389259 395245 396277 400980 418072
Government Revenues (THB Million) 148832.00 127295 161082 194870 208657 230020
Fiscal Expenditure (THB Million) 296746.00 290745 291969 253193 224416 228087
Military Expenditure (USD Million) 6420.00 6198 6198 6198 6198 6198

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 34.40 42 46 49 50 51
Industrial Production (%) -23.19 2.5 2 3.1 3.1 3.2
Industrial Production Mom (%) -1.40 -1.5 0.4 0.6 0.6 0.6
Capacity Utilization (points) 55.52 68.2 68.2 67.1 67.1 67.1
Changes in Inventories (THB Million) 82670.00 18700 18700 29400 29400 29400
Car Registrations 22703.00 40000 35000 32200 32200 35200
Leading Economic Index (points) 154.44 153 152 154 154 157
Manufacturing Pmi (points) 43.50 50 51.1 52 52 51.5
Private Investment (%) -2.20 2.5 6 -1.6 -1.6 -1.2
Total Vehicle Sales 40418.00 60000 75000 80000 91000 95000
Cement Production (Thousands of Ton ) 3403.59 3500 3600 3800 3800 3800
Car Production 156266.00 175081 161525 179621 193829 200000
Coincident Index (points) 120.86 128 129 129 129 132

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 48.20 55 62 65 66 70
Retail Sales YoY (%) -28.10 6.5 6.2 5.1 5.1 6.1
Consumer Spending (THB Million) 1442617.00 1385959 1419986 1456760 1475797 1536882
Disposable Personal Income (THB Million) 8767532.00 8570263 8701776 8863975 8969185 9351493
Personal Savings (%) 11.20 10 10 10 10 11
Bank Lending Rate (%) 6.00 6 5.75 5.75 5.75 6.25
Households Debt To GDP (% of GDP) 69.20 76.8 76.8 76.8 76.8 76.8
Personal Spending (%) 3.00 0.8 0.5 1.3 1.3 1.3
Consumer Credit (THB Million) 4842031.00 4553294 4701199 4905636 4953398 5175446
Gasoline Prices (USD/Liter) 0.77 0.73 0.7 0.66 0.63 0.6

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 150.20 143 142 144 144 149
Housing Starts (units) 4833.00 8500 11500 7000 9800 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.