Thailand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 1 0.5 0.9 1 0.8 percent [+]
Unemployment Rate 0.99 1.08 1.1 1.12 1.15 1.5 percent [+]
Inflation Rate 1.13 0.5 0.7 0.9 1.1 2.5 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.75 2.25 percent [+]
Balance of Trade 1540.00 2614 2442 1519 440 135 USD Million [+]
Government Debt to GDP 44.40 52 52 52 52 46 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 35.28 36.72 37.08 37.44 37.8 43.2 [+]
Stock Market 976.04 932 923 913 904 761 points [+]
Government Bond 10Y 2.71 2.94 2.97 3 2.48 3.46 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 1 0.5 0.9 1 0.8 percent [+]
GDP Annual Growth Rate 3.20 3.4 3.2 3.3 3 3 percent [+]
GDP 395.17 420 420 420 420 448 USD Billion [+]
GDP Constant Prices 2451326.00 2533739 2612930 2449029 2499068 2860048 THB Million [+]
Gross National Product 4839.07 5600 5600 5600 5600 6300 THB Billion [+]
Gross Fixed Capital Formation 579457.00 642951 619631 646996 661959 750325 THB Million [+]
GDP per capita 5775.10 5778 5808 5838 5868 6366 USD [+]
GDP per capita PPP 15346.65 15327 15417 15506 15595 17184 USD [+]
GDP From Agriculture 123296.00 122000 125000 123627 123000 127000 THB Million [+]
GDP From Construction 66489.00 76000 73000 68642 76900 86200 THB Million [+]
GDP From Manufacturing 672196.00 681000 695000 679445 702000 722000 THB Million [+]
GDP From Mining 62445.00 59000 59000 62094 59700 63000 THB Million [+]
GDP From Public Administration 120190.00 130000 130000 122765 139000 146000 THB Million [+]
GDP From Transport 257013.00 247000 247000 270528 263000 332000 THB Million [+]
GDP From Utilities 83241.00 87900 87900 84221 91700 111000 THB Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 0.99 1.08 1.1 1.12 1.15 1.5 percent [+]
Employed Persons 37659.07 37700 38100 37807 38700 39500 Thousand [+]
Unemployed Persons 378.30 410 412 340 300 350 Thousand [+]
Job Vacancies 32728.00 30500 30500 30419 30458 30471 [+]
Wages 13803.15 13902 13968 14043 14104 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 67.85 68.3 68.75 69.2 75.64 Million [+]
Labour Costs 102.66 101 103 102 101 101 Index Points [+]
Youth Unemployment Rate 5.30 4.08 3.91 4.18 4.28 4.18 percent [+]
Productivity 103.77 111 108 106 108 108 Index Points [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.13 0.5 0.7 0.9 1.1 2.5 percent [+]
Inflation Rate Mom 0.13 0.3 0.1 0 0.1 0.1 percent [+]
Consumer Price Index CPI 106.93 106 107 108 107 114 Index Points [+]
Core Consumer Prices 106.90 107 108 107 108 111 Index Points [+]
Core Inflation Rate 0.74 1.1 1.2 1.3 1.2 1.5 percent [+]
GDP Deflator 149.55 143 148 150 147 148 Index Points [+]
Producer Prices 102.10 101 101 102 102 102 Index Points [+]
Export Prices 110.11 108 108 110 103 102 Index Points [+]
Import Prices 96.38 99 99 96.32 96.32 101 Index Points [+]
Food Inflation 1.36 1.8 2 1.32 2.2 2.85 percent [+]
Cpi Transportation 96.51 97.01 96.68 96.51 96.54 96.57 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.50 1.5 1.5 1.5 1.75 2.25 percent [+]
Money Supply M0 1255431.00 1280000 130000 1320000 1340000 1550000 THB Million [+]
Money Supply M1 1781.40 1786 1780 1779 1780 1780 THB Billion [+]
Money Supply M3 18115.14 17900 17900 18673 18600 21700 THB Billion [+]
Banks Balance Sheet 17783257.00 17787585 17896300 18003898 18109619 19260956 THB Million [+]
Foreign Exchange Reserves 171853.24 193000 193000 169427 195000 199000 USD Million [+]
Loans to Private Sector 3838085.00 3863944 3882003 3897106 3909702 3965829 THB Million [+]
Deposit Interest Rate 1.40 1.6 1.54 1.47 1.41 1.79 percent [+]
Interbank Rate 1.59 1.58 1.57 1.57 1.57 1.57 percent [+]
Central Bank Balance Sheet 6878254.00 7150000 7150000 7160000 6702199 7850000 THB Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 1540.00 2614 2442 1519 440 135 USD Million [+]
Exports 18910.00 17729 18480 16965 16932 19045 USD Million [+]
Imports 17370.00 15115 16038 15390 16492 18910 USD Million [+]
Current Account 3194.90 4700 4000 1400 5500 5000 USD Million [+]
Current Account to GDP 3.70 1.58 1.91 2.25 2.58 2.31 percent [+]
External Debt 139343.69 141139 141974 135538 137000 139000 USD Million [+]
Terms of Trade 114.24 114 114 114 114 114 Index Points [+]
Tourist Arrivals 2454190.00 2572476 2577698 2577212 2577322 3010000 [+]
Gold Reserves 152.41 152 152 152 152 152 Tonnes [+]
Terrorism Index 6.71 7.25 7.25 6.77 7.25 6.8 [+]
Remittances 9968.00 9769 9655 9577 9525 9421 THB Billion [+]
Crude Oil Production 265.00 220 255 220 210 250 BBL/D/1K [+]
Foreign Direct Investment 19530.17 -25100 24000 20000 -3580 24000 THB Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 44.40 52 52 52 52 46 percent [+]
Government Budget -2.50 -2.4 -2.4 -2.53 -2.52 -3 percent of GDP [+]
Government Budget Value 30531.00 -21234 -56895 -58128 -49543 -23740 THB Million [+]
Government Spending 351879.00 375845 375877 370182 371604 385622 THB Million [+]
Government Revenues 203805.00 213029 205901 202726 188000 251000 THB Million [+]
Fiscal Expenditure 148703.00 195565 202648 197458 199000 206000 THB Million [+]
Military Expenditure 6100.90 6027 6125 6559 6559 7991 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 50.30 49.5 49.9 50.3 50.5 52 [+]
Industrial Production 3.81 1.9 2.7 2.9 3.2 1.38 percent [+]
Industrial Production Mom 2.06 -0.01 0.28 0.4 0.44 0.44 percent [+]
Capacity Utilization 67.70 63.3 63.2 64 65 68.64 Index Points [+]
Changes in Inventories -81102.00 -80000 -70200 -20000 19300 29400 THB Million [+]
Car Registrations 18833.00 39823 38767 35000 26777 38500 Cars [+]
Leading Economic Index 156.59 159 161 162 163 173 Index Points [+]
Manufacturing Pmi 50.60 50.1 48.9 49.6 50.6 51.1 [+]
Total Vehicle Sales 64771.00 63893 63392 63394 63410 63430 [+]
Car Production 170784.00 167795 167796 167806 167804 167804 [+]
Coincident Index 128.53 128 128 128 129 129 Index Points [+]
Competitiveness Index 4.64 4.64 4.64 4.64 4.75 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 38.63 41 43 Points [+]
Corruption Rank 76.00 82 82 66.84 80 77 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 73.70 78 78.7 79 80.2 85.5 [+]
Retail Sales YoY -1.20 4.2 3 4.1 5.5 5.1 percent [+]
Consumer Spending 1251988.00 1250000 1290000 1290000 1280000 1400000 THB Million [+]
Disposable Personal Income 7434419.00 7558643 7610612 7662581 7714550 9303582 THB Million [+]
Personal Savings 8.60 8.4 8.4 8.4 8.4 8.7 percent [+]
Bank Lending Rate 7.10 7.1 7.1 6.9 6.9 6.5 percent [+]
Personal Spending -0.50 1.7 -0.3 -0.2 1.1 1.3 percent [+]
Consumer Credit 3811198.00 3853198 3872161 3910333 3935258 4229470 THB Million [+]
Households Debt To Gdp 71.20 73.5 73.7 74 70.93 76.8 percent of GDP [+]
Gasoline Prices 0.91 1 1 1.1 1.1 1.4 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 129.30 136 136 137 137 140 Index points [+]
Housing Starts 8245.00 11400 6500 6800 9800 12200 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 1/23/2017