Thailand Current Account to GDP
Thailand recorded a Current Account deficit of 0.70 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Thailand averaged -0.89 Percent from 1979 until 2013, reaching an all time high of 12.70 Percent in 1998 and a record low of -8.30 Percent in 1990. Current Account to GDP in Thailand is reported by the Bank of Thailand.
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The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Thailand Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.