Markets Actual Q2 Q3 Q4 Q1 2020
Currency 31.21 31.65 31.78 31.92 32.05 32.32
Stock Market (points) 1107.36 1063 1052 1041 1030 1008
Government Bond 10Y (%) 2.13 2.38 2.41 2.44 2.47 2.53
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.00 1 0.9 1.1 0.8 0.8
GDP Annual Growth Rate (%) 2.80 4.2 3.9 3.8 3.5 3.6
Unemployment Rate (%) 1.00 0.9 1 1 1 1.2
Inflation Rate (%) 1.15 0.8 1.2 1 1 1.1
Inflation Rate Mom (%) 0.48 -0.2 -0.3 0.2 0.3 0.1
Interest Rate (%) 1.75 2 2 2 2 2.25
Balance of Trade (USD Million) -1457.21 1290 800 800 3100 600
Current Account (USD Million) 1780.00 4390 4480 4600 4700 5000
Current Account to GDP (%) 7.50 7.1 7.1 7.1 7.1 6.9
Government Debt to GDP (%) 41.80 45 45 45 43 43
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -2.9
Business Confidence (Index Points) 50.10 50.8 51.3 51.6 50 52
Consumer Confidence (Index Points) 77.70 83.6 83.7 83.6 82.9 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.00 1 0.9 1.1 0.8 0.8
GDP Annual Growth Rate (%) 2.80 4.2 3.9 3.8 3.5 3.6
GDP (USD Billion) 455.22 494 494 494 510 510
GDP Constant Prices (THB Million) 2713945.00 2727374 2714644 2786642 2778588 2886961
Gross National Product (THB Billion) 2862899.00 2678843 2635345 2881369 2873041 2985098
Gross Fixed Capital Formation (THB Million) 653075.00 646530 650389 671484 669544 695658
GDP per capita (USD) 6125.70 6445 6445 6445 6445 6445
GDP per capita PPP (USD) 16277.70 17012 17012 17012 16200 16200
GDP From Agriculture (THB Million) 168442.00 149171 131977 123768 123410 128224
GDP From Construction (THB Million) 74116.00 72414 74505 75316 75099 78028
GDP From Manufacturing (THB Million) 722461.00 739316 742814 769388 767165 797086
GDP From Mining (THB Million) 57520.00 59168 58199 61091 60915 63291
GDP From Public Administration (THB Million) 130939.00 132265 131123 133513 133127 138319
GDP From Transport (THB Million) 284022.00 281884 282555 294815 293963 305428
GDP From Utilities (THB Million) 88158.00 84687 86385 91508 91244 94802
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 1.00 0.9 1 1 1 1.2
Unemployed Persons (Thousand ) 364.00 391 413 425 425 437
Wages (THB/Month) 13995.56 13790 13940 14200 14200 14700
Wages in Manufacturing (THB/Month) 13080.00 12500 12900 13400 13400 13700
Minimum Wages (THB/Day) 325.00 334 334 334 345 345
Population (Million) 66.41 66.9 66.9 66.45 66.71 66.71
Labour Costs (Index Points) 91.98 92 88 83 83 81
Youth Unemployment Rate (%) 6.70 4.5 4.5 4.5 4.6 4.8
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.15 0.8 1.2 1 1 1.1
Inflation Rate Mom (%) 0.48 -0.2 -0.3 0.2 0.3 0.1
Consumer Price Index CPI (Index Points) 103.31 103 104 103 103 104
Core Consumer Prices (Index Points) 102.50 103 103 103 103 104
Core Inflation Rate (%) 0.54 0.8 0.8 0.8 0.5 0.9
Producer Prices (Index Points) 103.00 105 105 103 103 105
Food Inflation (%) 2.80 1 1.4 1.8 2.2 2.8
Producer Prices Change (%) 0.00 2.1 2 2.2 1.9 2.1
CPI Housing Utilities (Index Points) 100.59 101 102 101 102 103
CPI Transportation (Index Points) 103.49 104 106 102 103 103
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.75 2 2 2 2 2.25
Interbank Rate (%) 1.87 1.88 1.88 1.88 1.88 1.88
Foreign Exchange Reserves (USD Million) 209955.74 203300 202800 202200 202200 202300
Banks Balance Sheet (THB Million) 19405534.00 19100000 19140000 19200000 19200000 19700000
Loans to Private Sector (THB Million) 4141184.00 4041000 4042000 4048000 4048000 4056000
Deposit Interest Rate (%) 1.29 1.54 1.54 1.54 1.54 2
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -1457.21 1290 800 800 3100 600
Current Account (USD Million) 1780.00 4390 4480 4600 4700 5000
Current Account to GDP (%) 7.50 7.1 7.1 7.1 7.1 6.9
Imports (USD Million) 20012.85 19700 20600 20800 19500 21400
Exports (USD Million) 18556.52 20990 21400 21600 22600 22000
External Debt (USD Million) 161014.26 152800 153400 154000 154000 156000
Tourist Arrivals 3195006.00 3250000 3190000 3230000 3230000 3330000
Gold Reserves (Tonnes) 154.00 154 154 154 154 154
Crude Oil Production (BBL/D/1K) 215.00 239 236 237 237 250
Foreign Direct Investment (THB Million) -59514.31 34500 41000 36400 36400 24000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 41.80 45 45 45 43 43
Government Budget (% of GDP) -2.50 -2.9 -2.9 -2.9 -2.9 -2.9
Government Spending (THB Million) 400145.00 397130 394143 406762 405586 421406
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 50.10 50.8 51.3 51.6 50 52
Industrial Production (%) 2.03 3.5 3.2 3.4 2.8 3.1
Industrial Production Mom (%) 2.50 1.3 -0.1 0.8 0.5 0.6
Changes in Inventories (THB Million) 46770.00 -10920 -2500 18700 18700 29400
Car Registrations 43042.00 40200 36900 29500 42000 32200
Leading Economic Index (Index Points) 151.31 152 152 150 149 149
Manufacturing Pmi 50.70 50.5 50.7 50.9 50.5 51.1
Total Vehicle Sales 88097.00 86600 87300 88000 88000 91000
Cement Production (Thousands of Ton ) 3203.54 3450 3580 3700 3700 3800
Car Production 198821.00 181000 189000 166000 190000 180000
Coincident Index (Index Points) 127.83 129 132 135 135 145
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 77.70 83.6 83.7 83.6 82.9 82.9
Retail Sales YoY (%) 10.20 8.9 9.3 9.2 7.2 5.1
Consumer Spending (THB Million) 1375836.00 1371982 1391080 1428118 1423990 1479530
Disposable Personal Income (THB Million) 8312890.00 8487461 8474991 8628780 8603841 8939416
Personal Savings (%) 11.20 8.4 8.4 8.4 8.7 8.7
Bank Lending Rate (%) 7.00 7 7 7 7 7
Personal Spending (%) 0.40 0.6 0.8 1 1 1.3
Consumer Credit (THB Million) 4587037.00 4353686 4443215 4683034 4669499 4851623
Gasoline Prices (USD/Liter) 1.16 1.04 1.01 0.98 0.96 0.96
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index points) 142.30 139 139 140 137 140
Housing Starts (units) 8154.00 8400 8310 8290 8290 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.