Markets Actual Q3 Q4 Q1 Q2 2023
Currency 37.86 37.97 38.41 38.86 39.32 40.24
Stock Market (points) 956.73 962 944 926 908 874
Government Bond 10Y (%) 3.12 2.98 3.15 3.32 3.5 3.89

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.70 0.5 1 1 0.9 1
GDP Annual Growth Rate (%) 2.50 3.7 3.9 2.8 2.6 2.8
Unemployment Rate (%) 1.37 2 1.9 1.7 1.7 2.2
Inflation Rate (%) 7.86 8.1 6.5 4.5 3.5 2.8
Inflation Rate MoM (%) 0.05 0 0.1 1.1 1.1 0.5
Interest Rate (%) 1.00 1 1.75 2.25 2.25 2
Balance of Trade (USD Million) -4215.40 -5400 -7300 -3600 -4300 -5000
Current Account (USD Million) -4067.58 -1000 -14794 1100 1100 -6700
Current Account to GDP (% of GDP) -2.20 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 59.61 59 59 59 59 59
Government Budget (% of GDP) -4.90 -1.5 -1.5 -1.5 -1.5 -2
Business Confidence (points) 49.60 49.8 55 55 55 55
Consumer Confidence (points) 43.70 75 70 70 70 80
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 2023
GDP Growth Rate (%) 0.70 0.5 1 1 0.9 1
GDP Annual Growth Rate (%) 2.50 3.7 3.9 2.8 2.6 2.8
GDP (USD Billion) 505.98 549 549 549 549 549
GDP Constant Prices (THB Million) 2672552.00 2525511 2835145 2854506 2742038 2914529
Gross National Product (THB Billion) 2654195.00 2600443 2901996 2913851 2723204 2983251
Gross Fixed Capital Formation (THB Million) 645780.00 656550 649139 675924 662570 667315
GDP per Capita (USD) 6270.43 6600 6750 6750 6750 6750
GDP per Capita PPP (USD) 17485.51 18100 18900 18900 18900 18900
Full Year GDP Growth (%) 1.60 3 3 4 4 4
GDP from Agriculture (THB Million) 163393.00 131407 209445 182505 167641 215309
GDP from Construction (THB Million) 74222.00 82471 62036 76829 76152 63773
GDP from Manufacturing (THB Million) 726412.00 675154 786223 776498 745299 808237
GDP from Mining (THB Million) 39337.00 46559 47123 44717 40360 48442
GDP from Public Administration (THB Million) 135430.00 144757 137918 133688 138951 141780
GDP from Transport (THB Million) 127740.00 137393 155697 159668 131061 160057
GDP from Utilities (THB Million) 78819.00 69928 62522 77644 80868 64272

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 1.37 2 1.9 1.7 1.7 2.2
Employed Persons (Thousand ) 39010.92 38000 38000 38000 38000 38000
Unemployed Persons (Thousand ) 546.59 400 400 400 400 350
Job Vacancies 35478.00 40000 40000 40000 40000 38000
Wages (THB/Month) 15405.18 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13784.60 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 354.00 354 354 372 372 372
Population (Million) 66.17 66.93 66.93 66.93 66.93 67.03
Youth Unemployment Rate (%) 8.00 5.5 5 5 5 5
Labour Costs (points) 99.06 81 81 81 81 81
Productivity (points) 121.31 120 120 120 120 120

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.86 8.1 6.5 4.5 3.5 2.8
Inflation Rate MoM (%) 0.05 0 0.1 1.1 1.1 0.5
Consumer Price Index CPI (points) 107.46 109 108 110 111 112
Core Consumer Prices (points) 103.59 102 102 103 104 103
Core Inflation Rate (%) 3.15 1.1 1 1 1 1
Producer Prices (points) 113.70 110 109 115 120 112
Food Inflation (%) 9.35 9.5 8.5 7.8 7.2 5.5
CPI Housing Utilities (points) 101.99 108 106 105 105 109
CPI Transportation (points) 112.79 113 113 114 115 116
Producer Prices Change (%) 10.71 6.5 3 3 3 3

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.00 1 1.75 2.25 2.25 2
Interbank Rate (%) 1.20 1.2 1.95 2.45 2.45 2.45
Money Supply M1 (THB Billion) 2892.50 2890 2810 2760 2750 2420
Money Supply M3 (THB Billion) 24509.11 24490 23220 22690 22710 19500
Foreign Exchange Reserves (USD Million) 215020.44 286174 308507 308507 308507 338524
Banks Balance Sheet (THB Million) 23878694.00 24139596 25661811 25661811 25661811 27169216
Loans to Private Sector (THB Million) 4852485.00 4825216 4978367 4939250 4925542 5117762
Deposit Interest Rate (%) 0.41 0.41 1.16 1.66 1.66 1.66
Central Bank Balance Sheet (THB Million) 9408880.00 9219732 9446860 9446860 9446860 9771910

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -4215.40 -5400 -7300 -3600 -4300 -5000
Current Account (USD Million) -4067.58 -1000 -14794 1100 1100 -6700
Current Account to GDP (% of GDP) -2.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 27848.10 29000 30700 28100 29700 32100
Exports (USD Million) 23632.72 23600 23400 24500 25400 27100
External Debt (USD Million) 199643.90 155000 155000 155000 155000 156000
Tourist Arrivals 1174743.00 1000000 2000000 2000000 2000000 3000000
Gold Reserves (Tonnes) 244.16 154 154 154 154 154
Foreign Direct Investment (THB Million) 179532.79 15000 30000 30000 30000 40000
Crude Oil Production (BBL/D/1K) 139.00 235 245 245 245 245
Remittances (THB Billion) 20294.00 14000 14000 14000 14000 14000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 59.61 59 59 59 59 59
Government Budget (% of GDP) -4.90 -1.5 -1.5 -1.5 -1.5 -2
Government Budget Value (THB Million) 34090.00 35000 35000 35000 35212 35212
Government Spending (THB Million) 419740.00 433293 453985 435747 430653 466696
Government Revenues (THB Million) 136577.00 235000 235212 235212 235212 235212
Fiscal Expenditure (THB Million) 228304.00 200000 200000 200000 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q3 Q4 Q1 Q2 2023
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 2023
Business Confidence (points) 49.60 49.8 55 55 55 55
Industrial Production (%) 14.52 13.1 10 8.5 7.1 5.5
Industrial Production Mom (%) 2.40 0.3 0.2 0.7 1 0.5
Capacity Utilization (points) 63.43 65 67 67 67 67
Changes in Inventories (THB Million) 15055.00 80000 29000 29000 29000 29000
Car Registrations 32360.00 35000 39200 39200 39200 39200
Leading Economic Index (points) 157.80 176 178 178 178 178
Coincident Index (points) 128.65 133 135 135 135 137
Cement Production (Thousands of Ton ) 3145.80 3800 3800 3800 3800 3800
Car Production 143016.00 200000 25000 25000 25000 250000
Private Investment (%) -2.10 1.5 1 1 1 1
Total Vehicle Sales (Units) 68208.00 98000 95000 95000 95000 95000
Manufacturing PMI (points) 53.70 51 51 51 51 51

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 43.70 75 70 70 70 80
Retail Sales YoY (%) 12.12 4.5 4.5 4.5 4.5 6.1
Consumer Spending (THB Million) 1495363.00 1421008 1482940 1519974 1534242 1524462
Disposable Personal Income (THB Million) 9095272.00 9431797 9449988 9349940 9331749 9714587
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6.75 7.25 7.25 7.25
Gasoline Prices (USD/Liter) 1.31 1.36 1.41 1.47 1.52 1.52
Households Debt to GDP (% of GDP) 90.10 77 77 77 77 77
Consumer Credit (THB Million) 5311746.00 5362197 5471572 5411771 5449851 5624776
Personal Spending (%) -0.20 1.3 1.3 1.3 1.3 1.3

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 153.50 155 157 160 160 165
Housing Starts (units) 6616.00 8500 8500 8500 8500 9000