Thailand Current Account to GDP

Thailand recorded a Current Account deficit of 0.40 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Thailand is reported by the Bank of Thailand. From 1979 until 2012, Thailand Current Account to GDP averaged -0.9 Percent reaching an all time high of 12.7 Percent in December of 1998 and a record low of -8.3 Percent in December of 1990. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.40 1.20 12.70 -8.30 -2.46 | 2013/12 1979 - 2012 Percent Yearly

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Thailand Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -0.40 2012-12-31 1.20 12.70 -8.30 -2.46 2013-12-31 Percent [+]
External Debt 139891.68 2013-12-31 139136.57 141041.51 58984.85 141684.96 2014-03-31 USD Million [+]
Terms of Trade 100.90 2014-02-15 101.20 112.02 96.39 101.06 2014-03-31 Index Points [+]
Tourist Arrivals 2174350.00 2014-02-15 2319820.00 2598020.00 399600.00 2307131.91 2014-03-31 [+]
Current Account 5065.27 2014-02-15 263.00 5065.27 -4152.03 2193.58 2014-03-31 USD Million [+]
Exports 18363.38 2014-02-15 17907.46 21227.12 1997.00 19623.26 2014-03-31 USD Million [+]
Imports 16596.40 2014-02-15 20428.08 24937.81 2760.00 18236.54 2014-03-31 USD Million [+]
Balance of Trade 1766.98 2014-02-15 -2520.62 3535.90 -5906.41 242.32 2014-03-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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