Markets Actual Q3 Q4 Q1 Q2 2020
Currency 30.85 31.04 31.18 31.31 31.44 31.72
Stock Market (points) 1079.75 1089 1079 1068 1058 1037
Government Bond 10Y (%) 1.53 1.9 1.92 1.95 1.97 2.03
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.9 1.1 0.8 1 0.8
GDP Annual Growth Rate (%) 2.30 3.2 3 3.5 3.3 3.6
Unemployment Rate (%) 1.10 1 1 1 1.2 1.2
Inflation Rate (%) 0.98 1.1 1 1 1.1 1.1
Inflation Rate Mom (%) 0.06 -0.3 0.2 0.3 0.2 0.1
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (USD Million) 3212.20 800 800 3100 1300 600
Current Account (USD Million) 3923.16 2500 4150 4700 3720 3420
Current Account to GDP (%) 7.50 7.1 7.1 7.1 6.9 6.9
Government Debt to GDP (%) 41.80 45 45 43 43 43
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -2.9
Business Confidence (Index Points) 49.10 51.3 51.6 50 51 52
Consumer Confidence (Index Points) 75.00 83.7 83.6 82.9 83 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.9 1.1 0.8 1 0.8
GDP Annual Growth Rate (%) 2.30 3.2 3 3.5 3.3 3.6
GDP (USD Billion) 504.99 520 520 540 540 540
GDP Constant Prices (THB Million) 2731179.00 2747121 2767590 2808933 2803505 2867224
Gross National Product (THB Billion) 2862899.00 2656847 2841396 2963100 2957375 2943686
Gross Fixed Capital Formation (THB Million) 648147.00 659350 667171 675933 674626 691189
GDP per capita (USD) 6361.60 6445 6445 6445 6445 6445
GDP per capita PPP (USD) 16904.70 17012 17012 16200 16200 16200
GDP From Agriculture (THB Million) 178581.00 133595 122814 174337 174001 127235
GDP From Construction (THB Million) 74313.00 75151 75055 76710 76562 77757
GDP From Manufacturing (THB Million) 718654.00 744931 758484 747747 746302 785789
GDP From Mining (THB Million) 61887.00 58920 60606 59533 59418 62788
GDP From Public Administration (THB Million) 130268.00 132851 132824 135522 135260 137605
GDP From Transport (THB Million) 182985.00 286020 292543 293963 293395 303074
GDP From Utilities (THB Million) 92108.00 87444 90803 91244 91067 94072
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 1.10 1 1 1 1.2 1.2
Unemployed Persons (Thousand ) 436.10 413 425 425 428 437
Wages (THB/Month) 14353.55 13940 14200 14200 14200 14700
Wages in Manufacturing (THB/Month) 13080.00 12900 13400 13400 13400 13700
Minimum Wages (THB/Day) 325.00 334 334 345 345 345
Population (Million) 66.41 66.9 66.45 66.71 66.71 66.71
Labour Costs (Index Points) 91.98 88 83 83 83 81
Youth Unemployment Rate (%) 6.60 4.5 4.5 4.6 4.7 4.8
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.98 1.1 1 1 1.1 1.1
Inflation Rate Mom (%) 0.06 -0.3 0.2 0.3 0.2 0.1
Consumer Price Index CPI (Index Points) 103.00 104 103 103 104 104
Core Consumer Prices (Index Points) 102.52 103 103 103 103 104
Core Inflation Rate (%) 0.41 0.8 0.8 0.5 0.6 0.9
Producer Prices (Index Points) 102.00 105 103 103 104 105
Food Inflation (%) 3.50 1.4 1.8 2.2 2.5 2.8
Producer Prices Change (%) -1.16 1 1.5 1.9 2.1 2.1
CPI Housing Utilities (Index Points) 100.56 101 101 102 102 103
CPI Transportation (Index Points) 102.11 106 102 103 103 103
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.63 1.87 1.87 1.87 1.87 1.87
Foreign Exchange Reserves (USD Million) 219100.00 215000 202200 202200 203000 202300
Banks Balance Sheet (THB Million) 19417279.00 19140000 19200000 19200000 19300000 19700000
Loans to Private Sector (THB Million) 4234329.00 4190538 4306848 4287793 4374062 4461895
Deposit Interest Rate (%) 1.29 1.29 1.29 1.29 1.29 1.29
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 3212.20 800 800 3100 1300 600
Current Account (USD Million) 3923.16 2500 4150 4700 3720 3420
Current Account to GDP (%) 7.50 7.1 7.1 7.1 6.9 6.9
Imports (USD Million) 18197.12 20600 20800 19500 20400 21400
Exports (USD Million) 21409.32 21400 21600 22600 21700 22000
External Debt (USD Million) 163402.95 163190 165845 169122 168795 171815
Tourist Arrivals 3052287.00 3190000 3230000 3330000 3200000 3300000
Gold Reserves (Tonnes) 154.00 154 154 154 154 154
Crude Oil Production (BBL/D/1K) 242.00 236 237 237 237 250
Foreign Direct Investment (THB Million) 28864.26 41000 36400 36400 36400 24000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 41.80 45 45 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 399616 404824 414150 413350 419398
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 49.10 51.3 51.6 50 51 52
Industrial Production (%) -5.54 3.2 3.4 2.8 2.5 3.1
Industrial Production Mom (%) 2.50 -0.1 0.8 0.5 0.3 0.6
Changes in Inventories (THB Million) 13628.00 -2500 18700 18700 18700 29400
Car Registrations 38863.00 36900 29500 42000 40000 32200
Leading Economic Index (Index Points) 152.22 152 150 149 150 149
Manufacturing Pmi 50.30 50.7 50.9 50.5 50.8 51.1
Total Vehicle Sales 86048.00 87300 88000 95000 87000 91000
Cement Production (Thousands of Ton ) 3421.11 3580 3700 3700 3500 3800
Car Production 198821.00 189000 166000 190000 180000 180000
Coincident Index (Index Points) 127.86 128 128 128 128 129
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 75.00 83.7 83.6 82.9 83 82.9
Retail Sales YoY (%) 10.70 9.3 9.2 7.2 6.5 5.1
Consumer Spending (THB Million) 1402406.00 1407913 1416832 1423990 1421239 1467838
Disposable Personal Income (THB Million) 8312890.00 8578902 8562277 8603841 8587215 8870519
Personal Savings (%) 11.20 8.4 8.4 8.7 8.7 8.7
Bank Lending Rate (%) 7.00 7 7 7 7 7
Personal Spending (%) -0.10 0.8 1 1 0.8 1.3
Consumer Credit (THB Million) 4658101.00 4497693 4646941 4747583 4811818 4814231
Gasoline Prices (USD/Liter) 1.14 1.14 1.11 1.08 1.05 1.05
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index points) 142.90 139 140 137 138 140
Housing Starts (units) 9689.00 8310 8290 8290 8310 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.