Markets Actual Q3 Q4 Q1 Q2 2022
Currency 32.96 33.07 33.2 33.34 33.47 33.74
Stock Market (points) 923.24 894 865 837 810 759
Government Bond 10Y (%) 1.61 1.66 1.72 1.77 1.83 1.95

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.20 1.3 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) -2.60 3.5 2.5 3 4 4.5
Unemployment Rate (%) 1.96 1.5 1.4 1.3 1.1 1
Inflation Rate (%) 1.25 2.7 1.6 2.2 1.4 2
Inflation Rate Mom (%) 0.38 0.5 0.5 0.5 0.5 0.5
Interest Rate (%) 0.50 0.5 0.75 1 1.25 1.5
Balance of Trade (USD Million) 950.00 4000 1700 3400 3400 2700
Current Account (USD Million) -2624.04 3000 3500 3900 3900 4680
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 50.50 57 57 56 56 56
Government Budget (% of GDP) -6.10 -5 -5 -1.5 -1.5 -1.5
Business Confidence (points) 46.20 52 51 51 52 55
Consumer Confidence (points) 43.10 55 60 65 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.20 1.3 1.5 1.5 1.5 1.5
GDP Annual Growth Rate (%) -2.60 3.5 2.5 3 4 4.5
GDP (USD Billion) 501.79 546 546 549 549 549
GDP Constant Prices (THB Million) 2717499.00 2477606 2982180 2749572 2799024 2873302
Gross National Product (THB Billion) 2771187.00 2459399 3083554 2815727 2854323 2942435
Gross Fixed Capital Formation (THB Million) 656869.00 616386 718602 643984 676575 672963
GDP per capita (USD) 6094.43 6600 6600 6600 6600 6750
GDP per capita PPP (USD) 17286.87 18100 18100 18100 18100 18900
GDP From Agriculture (THB Million) 169822.00 158152 132453 207783 174917 217133
GDP From Construction (THB Million) 79515.00 80598 80601 62095 81900 64889
GDP From Manufacturing (THB Million) 741338.00 639621 823376 746558 763578 780153
GDP From Mining (THB Million) 55957.00 51792 65378 52676 57636 55046
GDP From Public Administration (THB Million) 135185.00 137930 142881 135873 139241 141987
GDP From Transport (THB Million) 153642.00 116603 315502 150776 158251 157561
GDP From Utilities (THB Million) 73807.00 78628 97929 60100 76021 62804

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 1.96 1.5 1.4 1.3 1.1 1
Employed Persons (Thousand ) 37580.88 37600 37700 38000 38000 38000
Unemployed Persons (Thousand ) 758.06 500 450 400 400 400
Job Vacancies 44475.00 35000 40000 40000 40000 38000
Wages (THB/Month) 14385.86 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13527.70 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 336.00 336 336 345 345 345
Population (Million) 66.65 66.77 66.77 66.93 66.93 66.93
Labour Costs (points) 94.99 81 81 81 81 81
Productivity (points) 122.29 115 120 120 120 120
Youth Unemployment Rate (%) 8.00 5.5 5.5 5.5 5.5 5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.25 2.7 1.6 2.2 1.4 2
Inflation Rate Mom (%) 0.38 0.5 0.5 0.5 0.5 0.5
Consumer Price Index CPI (points) 99.93 102 101 101 101 103
Core Consumer Prices (points) 100.47 101 102 102 102 103
Core Inflation Rate (%) 0.52 0.9 1.2 1.7 1.1 1
Producer Prices (points) 102.10 99.47 108 108 103 105
Food Inflation (%) 0.29 1.5 2 1.5 1.5 2.5
Producer Prices Change (%) 5.48 4.1 4.5 2.5 2.5 2.5
CPI Housing Utilities (points) 95.22 103 102 97.29 96.55 104
CPI Transportation (points) 102.91 99.13 99.72 103 104 102

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.50 0.5 0.75 1 1.25 1.5
Interbank Rate (%) 0.62 0.62 0.87 1.12 1.37 1.37
Banks Balance Sheet (THB Million) 22330342.00 23124786 23632191 24139596 24139596 25661811
Foreign Exchange Reserves (USD Million) 246528.76 271286 278730 286174 286174 308507
Loans to Private Sector (THB Million) 4543914.00 4588342 4621707 4697200 4725671 4829683
Deposit Interest Rate (%) 0.62 0.62 0.62 0.87 1.12 1.37
Central Bank Balance Sheet (THB Million) 8959457.00 9042876 9123673 9219732 9219732 9446860

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 950.00 4000 1700 3400 3400 2700
Current Account (USD Million) -2624.04 3000 3500 3900 3900 4680
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 22754.37 20500 21700 22000 22000 22700
Exports (USD Million) 23699.43 24500 23400 25400 25400 25400
External Debt (USD Million) 186397.37 159000 159000 155000 155000 156000
Tourist Arrivals 5694.00 800000 1000000 1000000 1000000 2000000
Gold Reserves (Tonnes) 197.51 154 154 154 154 154
Remittances (THB Billion) 16605.00 13000 13000 14000 14000 14000
Crude Oil Production (BBL/D/1K) 189.00 230 230 250 250 250
Foreign Direct Investment (THB Million) 123386.47 -3500 10000 15000 15000 30000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 50.50 57 57 56 56 56
Government Budget (% of GDP) -6.10 -5 -5 -1.5 -1.5 -1.5
Government Budget Value (THB Million) -17025.00 -15759 35000 35000 31933 35212
Government Spending (THB Million) 401695.00 413287 435305 412797 413746 431373
Government Revenues (THB Million) 162774.00 213305 230020 235000 235000 235212
Fiscal Expenditure (THB Million) 153029.00 204588 198087 200000 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 46.20 52 51 51 52 55
Industrial Production (%) 25.84 6.5 5 2.5 2.5 3.5
Industrial Production Mom (%) -0.10 0.6 0.6 0.3 0.3 1
Capacity Utilization (points) 65.16 65 65 65 65 67
Changes in Inventories (THB Million) 124568.00 -80000 25000 80000 80000 29000
Car Registrations 28584.00 35200 35200 35000 35000 39200
Leading Economic Index (points) 158.32 173 174 176 176 178
Manufacturing PMI (points) 49.50 53 52 52 51 51
Private Investment (%) -2.30 1.5 1.5 1.1 1.5 1
Total Vehicle Sales (Units) 61758.00 85000 95000 95000 98000 95000
Cement Production (Thousands of Ton ) 4010.10 3800 3800 3800 3800 3800
Car Production 104355.00 185221 205367 200000 200000 25000
Coincident Index (points) 127.82 129 132 132 133 135

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 43.10 55 60 65 65 70
Retail Sales YoY (%) 31.50 4.5 6.1 4.5 4.5 6.1
Consumer Spending (THB Million) 1429009.00 1354095 1528329 1474157 1471879 1540494
Disposable Personal Income (THB Million) 9171848.00 9401144 9234261 9401144 9447003 9824196
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6.25 6.5 6.75 6.75
Households Debt To GDP (% of GDP) 77.80 75 75 77 77 77
Personal Spending (%) -3.10 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 5096621.00 5003449 5011642 5204586 5249520 5438793
Gasoline Prices (USD/Liter) 1.12 1.06 1.01 0.96 0.91 0.87

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 152.40 161 165 168 168 170
Housing Starts (units) 4332.00 8100 9000 8500 8500 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.