Markets Actual Q1 Q2 Q3 Q4 2022
Currency 29.99 30.09 30.2 30.31 30.43 30.65
Stock Market (points) 939.73 926 909 891 874 840
Government Bond 10Y (%) 1.21 1.24 1.27 1.3 1.33 1.39

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 6.50 1.1 1.3 0.3 1.5 1.5
GDP Annual Growth Rate (%) -6.40 2.3 10.9 5.5 5.5 3.8
Unemployment Rate (%) 2.00 2 1.8 1.5 1.9 1.9
Inflation Rate (%) -0.27 0.7 2.5 3 2.2 2.6
Inflation Rate Mom (%) 0.15 0.5 0.6 0.5 0.5 0.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1.5
Balance of Trade (USD Million) 960.00 690 500 2000 690 690
Current Account (USD Million) -1500.00 3500 3700 3450 3680 4680
Current Account to GDP (%) 6.80 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (%) 41.10 55 55 55 55 55
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -4.5 -1.5
Business Confidence (points) 46.80 49 50 52 51 55
Consumer Confidence (points) 50.10 53 60 63 65 70
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 2022
GDP Growth Rate (%) 6.50 1.1 1.3 0.3 1.5 1.5
GDP Annual Growth Rate (%) -6.40 2.3 10.9 5.5 5.5 3.8
GDP (USD Billion) 543.65 546 546 546 546 549
GDP Constant Prices (THB Million) 2613807.00 2702747 2790694 2713755 2982180 2851398
Gross National Product (THB Billion) 2503528.00 2767192 2916175 2648991 3083554 2919387
Gross Fixed Capital Formation (THB Million) 637721.00 626375 626268 665370 718602 660825
GDP per capita (USD) 6502.60 6600 6600 6600 6600 6750
GDP per capita PPP (USD) 18463.10 18100 18100 18100 18100 18900
GDP From Agriculture (THB Million) 123453.00 195498 170148 171195 132453 206251
GDP From Construction (THB Million) 84161.00 59085 72179 92834 80601 62335
GDP From Manufacturing (THB Million) 652980.00 703379 752975 667416 823376 742065
GDP From Mining (THB Million) 51826.00 57350 58997 54360 65378 60504
GDP From Public Administration (THB Million) 137005.00 125923 135190 146501 142881 132849
GDP From Transport (THB Million) 136144.00 181025 191137 122676 315502 190982
GDP From Utilities (THB Million) 68868.00 65371 82919 84545 97929 68966

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.00 2 1.8 1.5 1.9 1.9
Employed Persons (Thousand ) 38268.78 37200 37400 37600 37700 38000
Unemployed Persons (Thousand ) 783.76 690 610 550 550 400
Job Vacancies 32958.00 30000 35000 32500 38000 38000
Wages (THB/Month) 14670.40 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13316.60 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 331.00 335 335 345 345 345
Population (Million) 66.56 67.07 67.07 67.07 67.07 67.29
Labour Costs (points) 106.54 81 81 81 81 81
Productivity (points) 109.40 120 130 140 120 130
Youth Unemployment Rate (%) 8.00 5.5 5.5 5.3 5.5 5.1

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.27 0.7 2.5 3 2.2 2.6
Inflation Rate Mom (%) 0.15 0.5 0.6 0.5 0.5 0.5
Consumer Price Index CPI (points) 102.34 103 104 105 105 107
Core Consumer Prices (points) 103.00 103 103 103 104 105
Core Inflation Rate (%) 0.19 0.2 0.7 0.2 0.8 0.8
Producer Prices (points) 99.80 105 101 101 108 108
Food Inflation (%) 1.38 2.3 2.5 2.8 2.8 2.8
Producer Prices Change (%) -0.89 1.1 1.8 2 2.5 2.5
CPI Housing Utilities (points) 100.54 101 101 104 103 105
CPI Transportation (points) 98.15 97.87 98.87 99.42 100 103

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1.5
Interbank Rate (%) 0.62 0.63 0.63 0.63 1.88 0.88
Banks Balance Sheet (THB Million) 21597724.00 22765777 23069816 23373854 23677893 24894047
Foreign Exchange Reserves (USD Million) 258134.37 267165 275735 284304 292874 331630
Loans to Private Sector (THB Million) 4404013.00 4014453 4279604 4924191 4677006 4235248
Deposit Interest Rate (%) 1.40 1.4 1.4 1.4 1.4 1.65
Central Bank Balance Sheet (THB Million) 8733766.00 8881282 8962079 9042876 9123673 9446860

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 960.00 690 500 2000 690 690
Current Account (USD Million) -1500.00 3500 3700 3450 3680 4680
Current Account to GDP (%) 6.80 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 19119.16 19500 21500 10950 22700 23700
Exports (USD Million) 20082.74 20000 23500 21500 23400 25400
External Debt (USD Million) 171974.12 163200 161500 159000 159000 156000
Tourist Arrivals 3065.00 60000 310000 380000 420000 3330000
Gold Reserves (Tonnes) 153.96 154 154 154 154 154
Remittances (THB Billion) 12870.00 10000 11000 13500 13500 14000
Crude Oil Production (BBL/D/1K) 199.00 240 240 250 250 250
Foreign Direct Investment (THB Million) -16240.47 -3500 20900 35000 37500 39000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 41.10 55 55 55 55 55
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -4.5 -1.5
Government Budget Value (THB Million) 13238.00 35000 -58323 -15759 35000 35000
Government Spending (THB Million) 411816.00 378485 400342 446442 435305 399301
Government Revenues (THB Million) 157966.00 208657 213305 195000 230020 255212
Fiscal Expenditure (THB Million) 292618.00 224416 225645 234588 228087 234681
Military Expenditure (USD Million) 6420.00 6300 6300 6300 6300 6300

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Business Confidence (points) 46.80 49 50 52 51 55
Industrial Production (%) 0.35 5.5 8.5 6.5 5.5 3.5
Industrial Production Mom (%) 3.30 0.5 0.8 0.6 0.6 1
Capacity Utilization (points) 64.51 61 63 65 65 67
Changes in Inventories (THB Million) -89578.00 29400 29400 29400 29400 29400
Car Registrations 23116.00 33700 35100 35200 35200 39200
Leading Economic Index (points) 158.39 171 172 173 174 178
Manufacturing PMI (points) 50.80 52 52 53 52 51
Private Investment (%) 2.10 -1.5 2.5 1.5 1.5 1
Total Vehicle Sales 104089.00 -5.5 91000 85000 95000 95000
Cement Production (Thousands of Ton ) 3015.20 3500 3300 3800 3800 3800
Car Production 117253.00 193829 182829 185221 200000 200000
Coincident Index (points) 126.10 127 127 126 132 132

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 50.10 53 60 63 65 70
Retail Sales YoY (%) -6.80 4.5 6.5 4.5 6.1 6.1
Consumer Spending (THB Million) 1420210.00 1387152 1471658 1467964 1528329 1463445
Disposable Personal Income (THB Million) 8767532.00 8460668 8969185 9723193 9234261 8926005
Personal Savings (%) 10.20 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6 6 7 6.25
Households Debt To GDP (% of GDP) 72.80 75 75 75 75 77
Personal Spending (%) 0.40 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 4962632.00 4682432 4953398 5413488 5011642 4939966
Gasoline Prices (USD/Liter) 0.94 0.96 0.7 0.66 0.91 0.91

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 151.00 159 161 164 166 177
Housing Starts (units) 8469.00 8500 7900 8100 9000 9000


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.