Thailand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.8 1 0.5 0.9 0.8 percent [+]
Unemployment Rate 1.20 1.03 1.08 1.1 1.12 1.5 percent [+]
Inflation Rate 0.60 0.4 0.5 0.7 0.9 2.5 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.5 2.25 percent [+]
Balance of Trade 250.00 351 2614 2442 1502 135 USD Million [+]
Government Debt to GDP 44.40 49.2 49.2 49.2 45.3 46.25 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 35.56 35.82 36.18 36.53 36.89 42.56 [+]
Stock Market 940.21 909 900 890 881 734 points [+]
Government Bond 10Y 2.75 2.71 2.73 2.76 2.79 3.22 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 0.8 1 0.5 0.9 0.8 percent [+]
GDP Annual Growth Rate 3.20 2.9 3.4 3.2 3.3 3 percent [+]
GDP 395.28 408 420 420 420 448 USD Billion [+]
GDP Constant Prices 2451326.00 2533739 2612930 2449029 2499068 2860048 THB Million [+]
Gross National Product 4839.07 5400 5600 5600 5600 6300 THB Billion [+]
Gross Fixed Capital Formation 579457.00 633454 642951 619631 646996 750325 THB Million [+]
GDP per capita 5774.65 5868 5897 5925 5954 6366 USD [+]
GDP per capita PPP 15345.36 15595 15690 15785 15880 17184 USD [+]
GDP From Agriculture 123296.00 122000 122000 125000 123627 127000 THB Million [+]
GDP From Construction 66489.00 74000 76000 73000 68642 86200 THB Million [+]
GDP From Manufacturing 672196.00 689000 681000 695000 679445 722000 THB Million [+]
GDP From Mining 62445.00 61100 59000 59000 62094 63000 THB Million [+]
GDP From Public Administration 120190.00 136000 130000 130000 122765 146000 THB Million [+]
GDP From Transport 257013.00 260000 247000 247000 270528 332000 THB Million [+]
GDP From Utilities 83241.00 81900 87900 87900 84221 111000 THB Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 1.20 1.03 1.08 1.1 1.12 1.5 percent [+]
Employed Persons 37871.52 38400 37700 38100 37925 39500 Thousand [+]
Unemployed Persons 450.00 280 410 412 340 350 Thousand [+]
Job Vacancies 30090.00 30500 30500 30500 33390 33390 [+]
Wages 13803.15 13873 13902 13968 14043 14662 THB/Month [+]
Wages in Manufacturing 12416.10 12423 12598 12629 12628 13275 THB/Month [+]
Minimum Wages 300.00 360 360 360 360 500 THB/Day [+]
Population 67.96 69.2 69.59 69.98 70.37 75.64 Million [+]
Labour Costs 104.07 101 101 103 103 102 Index Points [+]
Youth Unemployment Rate 5.50 4.38 3.91 4.04 4.22 4.11 percent [+]
Productivity 107.43 109 111 108 107 109 Index Points [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.60 0.4 0.5 0.7 0.9 2.5 percent [+]
Inflation Rate Mom -0.06 -0.2 0.3 0.1 0 0.1 percent [+]
Consumer Price Index CPI 106.79 106 106 107 108 114 Index Points [+]
Core Consumer Prices 106.89 107 107 108 107 111 Index Points [+]
Core Inflation Rate 0.72 0.92 1.1 1.2 1.3 1.5 percent [+]
GDP Deflator 149.55 145 143 148 150 148 Index Points [+]
Producer Prices 101.70 101 101 101 102 102 Index Points [+]
Export Prices 108.06 108 108 108 108 102 Index Points [+]
Import Prices 95.00 99 99 99 95.17 101 Index Points [+]
Food Inflation 1.49 2.2 1.8 2 1.53 2.85 percent [+]
Cpi Transportation 95.36 95.38 95.21 95.13 95.15 95.17 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.50 1.5 1.5 1.5 1.5 2.25 percent [+]
Money Supply M0 1216627.00 1260000 1280000 130000 1320000 1550000 THB Million [+]
Money Supply M1 1721.20 1736 1753 1771 1789 2020 THB Billion [+]
Money Supply M3 17737.48 17900 17900 17900 19026 21700 THB Billion [+]
Banks Balance Sheet 17436543.00 17672348 17775933 17886469 18003348 19921386 THB Million [+]
Foreign Exchange Reserves 180261.17 180031 193000 193000 179313 199000 USD Million [+]
Loans to Private Sector 3817965.00 3838610 3859959 3877204 3891605 3956873 THB Million [+]
Deposit Interest Rate 1.40 1.41 1.44 1.48 1.51 1.79 percent [+]
Interbank Rate 1.60 1.59 1.59 1.59 1.59 1.59 percent [+]
Central Bank Balance Sheet 7110527.00 7120000 7150000 7150000 7160000 7850000 THB Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 250.00 351 2614 2442 1502 135 USD Million [+]
Exports 17780.00 16700 17700 18500 17000 19000 USD Million [+]
Imports 17540.00 16300 15100 16000 15400 18900 USD Million [+]
Current Account 2875.00 5200 4700 4000 1400 5000 USD Million [+]
Current Account to GDP 3.80 2.66 2.89 3.12 3.35 2.37 percent [+]
External Debt 143134.91 149251 150779 152133 135538 139000 USD Million [+]
Terms of Trade 113.74 113 113 113 113 113 Index Points [+]
Tourist Arrivals 2407570.00 2552180 2574175 2575749 2575898 3010000 [+]
Gold Reserves 152.41 152 152 152 152 152 Tonnes [+]
Terrorism Index 6.71 7.35 7.25 7.25 6.59 6.8 [+]
Remittances 10248.00 9233 9000 8877 8808 8721 THB Billion [+]
Crude Oil Production 265.00 230 220 255 220 250 BBL/D/1K [+]
Foreign Direct Investment -205.99 -5480 -25100 24000 20000 24000 THB Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 44.40 49.2 49.2 49.2 45.3 46.25 percent [+]
Government Budget -2.50 -2.4 -2.4 -2.4 -2.52 -3 percent of GDP [+]
Government Budget Value 50518.00 -6887 -13009 -13589 -15725 -14671 THB Million [+]
Government Spending 351879.00 366826 375845 375877 370182 385622 THB Million [+]
Government Revenues 264246.00 228335 213411 206402 203157 251000 THB Million [+]
Fiscal Expenditure 168020.00 191662 182478 179273 180329 206000 THB Million [+]
Military Expenditure 6100.90 6027 6125 6559 6559 7991 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 49.50 50.1 49.5 49.9 50.3 52 [+]
Industrial Production 0.10 2.3 1.9 2.7 2.9 1.38 percent [+]
Industrial Production Mom -0.79 -0.1 0.21 0.37 0.45 0.47 percent [+]
Capacity Utilization 64.89 62 63.3 63.2 64 68.64 Index Points [+]
Changes in Inventories -81102.00 60200 -80000 -70200 -20000 29400 THB Million [+]
Car Registrations 25009.00 24742 39823 38767 35000 38500 Cars [+]
Leading Economic Index 158.45 158 159 161 162 173 Index Points [+]
Manufacturing Pmi 48.20 49.5 50.1 48.9 49.6 51.1 [+]
Total Vehicle Sales 60634.00 62485 62204 62163 62160 62166 [+]
Car Production 161105.00 162504 162467 162508 162499 162500 [+]
Coincident Index 127.95 128 128 128 128 128 Index Points [+]
Competitiveness Index 4.64 4.64 4.64 4.64 4.64 5 Points [+]
Competitiveness Rank 34.00 29.78 29.78 29.78 31 27 [+]
Ease of Doing Business 46.00 39.77 39.77 39.77 39.77 34.67 [+]
Corruption Index 38.00 40 40 40 39.1 43 Points [+]
Corruption Rank 76.00 82 82 82 71.4 77 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 73.10 75.2 78 78.7 79 85.5 [+]
Retail Sales YoY 3.20 1 4.2 3 4.1 5.1 percent [+]
Consumer Spending 1251988.00 123000 1250000 1290000 1290000 1400000 THB Million [+]
Disposable Personal Income 7434419.00 7714550 7826462 7938374 8050286 9303582 THB Million [+]
Personal Savings 8.60 8.3 8.4 8.4 8.4 8.7 percent [+]
Bank Lending Rate 7.10 7.1 7.1 7.1 6.9 6.5 percent [+]
Personal Spending -5.50 1 1.7 -0.3 -0.2 1.3 percent [+]
Consumer Credit 3811198.00 3887822 3889286 3914585 3956468 4138010 THB Million [+]
Households Debt To Gdp 71.30 71.7 73.5 73.7 74 76.8 percent of GDP [+]
Gasoline Prices 0.92 1 1 1 1.1 1.4 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 131.30 136 136 136 137 140 Index points [+]
Housing Starts 8757.00 8060 11400 6500 6800 12200 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 7.00 7 7 7 7 7 percent [+]
Social Security Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Companies 5.00 5 5 5 5 5 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]





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. 12/2/2016