Thailand’s current account deficit shrank to USD 0.5 billion in April 2023 from USD 2 billion in the corresponding month of the previous year, as net services, primary income and secondary income deficit decreased sharply to USD 0.6 billion from USD 2.4 billion a year ago. Meanwhile, trade surplus narrowed to USD 0.08 billion from USD 0.3 billion. In the first four months of the year, the country recorded a current account surplus of USD 3.5 billion, compared to a deficit of USD 4.5 billion in the same period a year earlier. source: Bank of Thailand

Current Account in Thailand averaged 582.38 USD Million from 1991 until 2023, reaching an all time high of 7161.51 USD Million in February of 2016 and a record low of -4086.17 USD Million in April of 2013. This page provides the latest reported value for - Thailand Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Current Account in Thailand is expected to be 800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Current Account is projected to trend around 2900.00 USD Million in 2024 and 690.00 USD Million in 2025, according to our econometric models.

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Thailand Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 07:00 AM Mar $4.8B $1.3B $1.2B
2023-05-31 06:30 AM Apr $-0.5B $4.8B $1.9B
2023-06-30 07:00 AM May $-0.5B


Related Last Previous Unit Reference
Balance of Trade -1471.70 2718.80 USD Million Apr 2023
Current Account -475.56 4778.55 USD Million Apr 2023
Current Account to GDP -0.50 -2.20 percent of GDP Dec 2022
Imports 23194.90 24935.50 USD Million Apr 2023
Exports 21723.20 27654.40 USD Million Apr 2023
External Debt 199842.78 187878.05 USD Million Dec 2022
Terms of Trade 95.90 96.40 points Apr 2023
Remittances 18947.00 21169.00 THB Billion Apr 2023
Foreign Direct Investment 48656.87 69456.90 THB Million Dec 2022

Thailand Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-475.56 4778.55 7161.51 -4086.17 1991 - 2023 USD Million Monthly

News Stream
Thailand Current Account Gap Narrows Sharply in April
Thailand’s current account deficit shrank to USD 0.5 billion in April 2023 from USD 2 billion in the corresponding month of the previous year, as net services, primary income and secondary income deficit decreased sharply to USD 0.6 billion from USD 2.4 billion a year ago. Meanwhile, trade surplus narrowed to USD 0.08 billion from USD 0.3 billion. In the first four months of the year, the country recorded a current account surplus of USD 3.5 billion, compared to a deficit of USD 4.5 billion in the same period a year earlier.
2023-05-31
Thailand Current Account Surplus Largest since 2020
Thailand’s current account surplus widened sharply to USD 4.8 billion in March 2023, more than doubling from the USD 1.1 billion surplus in the same month a year ago. It was the largest current account surplus since February 2020, as net services, primary income and secondary income posted a surplus of USD 0.4 billion, shifting from a deficit of USD 3.5 billion in the corresponding month of the previous year. Meanwhile, trade surplus fell slightly to USD 4.3 billion from USD 4.6 billion.
2023-04-28
Thailand Current Account Deficit Widens
Thailand current account deficit widened to USD 1.3 billion in February 2023, from 0.9 billion in the corresponding month of the previous year. Trade surplus narrowed to USD 1.3 billion, from USD 2.6 billion in February 2022. Meanwhile, net services, primary income and secondary income shifted to a surplus of USD 0.2 billion, compared to USD 3.6 billion in the same period a year ago.
2023-03-31