Thailand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 1 0.5 0.9 1 0.8 percent [+]
Unemployment Rate 1.20 1.08 1.1 1.12 1.15 1.5 percent [+]
Inflation Rate 1.55 1.65 1.45 2 2.37 2.6 percent [+]
Interest Rate 1.50 1.5 1.5 1.5 1.75 2.25 percent [+]
Balance of Trade 826.00 2766 1220 2791 414 135 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 34.87 36.72 37.08 37.44 37.8 43.2 [+]
Stock Market 976.06 932 923 913 904 761 points [+]
Government Bond 10Y 2.68 2.94 2.97 3 2.48 3.46 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 1 0.5 0.9 1 0.8 percent [+]
GDP Annual Growth Rate 3.00 3.4 3.2 3.1 3.5 3 percent [+]
GDP 395.17 420 420 420 420 448 USD Billion [+]
GDP Constant Prices 2461131.00 2502173 2515874 2527317 2547271 2783469 THB Million [+]
Gross National Product 4839.07 5600 5600 5600 5600 6300 THB Billion [+]
Gross Fixed Capital Formation 619914.00 642951 619631 606996 631959 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 122622.00 122000 122000 123627 123000 127000 THB Million [+]
GDP From Construction 77237.00 76000 78000 74642 85900 100200 THB Million [+]
GDP From Manufacturing 690286.00 681000 695000 709445 702000 722000 THB Million [+]
GDP From Mining 59105.00 60000 62000 64821 61700 65500 THB Million [+]
GDP From Public Administration 128707.00 130000 130000 127012 139000 151000 THB Million [+]
GDP From Transport 250685.00 247000 255000 260640 261000 332000 THB Million [+]
GDP From Utilities 80898.00 85900 87900 80916 91700 111000 THB Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 1.20 1.08 1.1 1.12 1.15 1.5 percent [+]
Employed Persons 37210.00 37700 38100 37590 38700 39500 Thousand [+]
Unemployed Persons 449.00 452 432 345 350 458 Thousand [+]
Job Vacancies 28304.00 30500 30500 29965 30009 42022 [+]
Wages 13963.14 13987 14047 14134 14200 14800 THB/Month [+]
Wages in Manufacturing 12721.57 12523 12698 12729 12928 13775 THB/Month [+]
Minimum Wages 305.00 305 305 305 305 420 THB/Day [+]
Population 67.96 68.3 68.3 68.75 69.2 75.64 Million [+]
Labour Costs 102.66 102 105 104 103 104 Index Points [+]
Youth Unemployment Rate 5.20 5.1 4.8 4.5 3.8 4.8 percent [+]
Productivity 103.77 115 109 105 109 111 Index Points [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.55 1.65 1.45 2 2.37 2.6 percent [+]
Inflation Rate Mom 0.16 0.2 0.1 0.2 0.3 0.1 percent [+]
Consumer Price Index CPI 107.09 108 109 109 110 120 Index Points [+]
Core Consumer Prices 106.98 107 108 107 108 111 Index Points [+]
Core Inflation Rate 0.75 0.9 1.1 1.3 1.2 1.5 percent [+]
GDP Deflator 146.13 144 148 154 149 163 Index Points [+]
Producer Prices 103.00 104 106 107 108 124 Index Points [+]
Export Prices 112.21 114 116 118 121 138 Index Points [+]
Import Prices 98.29 99 99.5 98.9 101 114 Index Points [+]
Food Inflation 1.53 1.8 2 1.63 2.2 2.85 percent [+]
Cpi Transportation 96.51 96.9 97.5 98.3 99.2 108 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 1335980.00 1350000 138000 1400000 1410000 1550000 THB Million [+]
Money Supply M1 1864.80 1874 1851 1903 1973 2300 THB Billion [+]
Money Supply M3 18286.60 18800 19100 18932 19600 22700 THB Billion [+]
Banks Balance Sheet 17721376.00 17831972 17945151 18064765 18181732 19482263 THB Million [+]
Foreign Exchange Reserves 179161.40 182000 185000 183290 185000 200000 USD Million [+]
Loans to Private Sector 3872805.00 3899892 3928505 3951960 3971732 4063486 THB Million [+]
Deposit Interest Rate 1.40 1.5 1.5 1.5 1.5 2 percent [+]
Interbank Rate 1.59 1.58 1.58 1.58 1.72 2.25 percent [+]
Central Bank Balance Sheet 6732874.00 7150000 7150000 7160000 6518428 7850000 THB Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 826.00 2766 1220 2791 414 135 USD Million [+]
Exports 17100.00 19895 18695 20044 17988 20045 USD Million [+]
Imports 16270.00 17130 17474 17253 17575 18910 USD Million [+]
Current Account 5008.25 4700 4000 3200 4400 5000 USD Million [+]
Current Account to GDP 8.10 5.8 5.8 5.8 5.8 3.89 percent [+]
External Debt 139343.69 141139 141974 135538 137000 139000 USD Million [+]
Terms of Trade 114.16 114 114 114 114 114 Index Points [+]
Tourist Arrivals 3057800.00 3449967 2676586 2937235 3241268 3635200 [+]
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 11221.00 10503 10413 11336 13281 22000 THB Billion [+]
Crude Oil Production 265.00 220 255 220 210 250 BBL/D/1K [+]
Foreign Direct Investment 71888.29 -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 -2.4 -2.4 -3 percent of GDP [+]
Government Budget Value -126469.00 -77120 -82890 -72744 -47111 -30125 THB Million [+]
Government Spending 394969.00 397653 381501 358283 399518 425240 THB Million [+]
Government Revenues 192552.00 197717 196749 196463 188000 251000 THB Million [+]
Fiscal Expenditure 257961.00 212999 212121 205905 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 50.10 50.8 49.9 51.4 50.5 52 [+]
Industrial Production 1.30 0.3 1.1 1.4 3.2 1.38 percent [+]
Industrial Production Mom 3.10 0.9 -0.1 1.8 0.7 0.6 percent [+]
Capacity Utilization 65.84 66 66.8 66.3 67 68.9 Index Points [+]
Changes in Inventories 43510.00 -80000 -70200 -20000 19300 29400 THB Million [+]
Car Registrations 31881.00 31823 33767 31000 26777 38500 Cars [+]
Leading Economic Index 156.56 159 161 162 163 173 Index Points [+]
Manufacturing Pmi 50.60 50.1 48.9 49.6 50.6 51.1 [+]
Total Vehicle Sales 86858.00 69014 64728 66187 92069 119710 [+]
Cement Production 3559.00 3508 3447 3435 3437 3438 Thousands of Ton [+]
Car Production 135792.00 185000 168000 159000 140250 180000 [+]
Coincident Index 117.66 130 130 132 132 145 Index Points [+]
Competitiveness Index 4.64 4.64 4.64 4.64 4.64 5 Points [+]
Competitiveness Rank 34.00 34 34 34 34 27 [+]
Ease of Doing Business 46.00 43 43 43 43 35 [+]
Corruption Index 35.00 40 40 36 41 43 Points [+]
Corruption Rank 101.00 82 82 80 80 77 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 74.50 74.6 74.6 75.8 77 78 [+]
Retail Sales YoY 1.30 2.9 1.6 4.1 3.8 5.1 percent [+]
Consumer Spending 1265331.00 1250000 1290000 1290000 1300000 1420000 THB Million [+]
Disposable Personal Income 7550115.40 7708981 7770074 7831168 7892262 8647157 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 -10.90 1.7 -0.3 -0.2 1.1 1.3 percent [+]
Consumer Credit 3892719.00 3932670 3985545 4020690 4055286 3999071 THB Million [+]
Households Debt To Gdp 71.20 73.5 73.7 74 70.93 76.8 percent of GDP [+]
Gasoline Prices 0.95 1 1 1.1 1.1 1.4 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 128.80 132 133 134 135 140 Index points [+]
Housing Starts 8777.00 11400 6500 13400 12600 14900 [+]
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. 2/28/2017