Current Account in Thailand
Thailand - Current AccountThe economy picked up steam in the first quarter of the year on the back of improved consumer sentiment and higher incomes in rural areas, which translated into stronger household expenditure. Better weather conditions boosted agricultural output, lifting farming income, while the political uncertainty surrounding the royal succession gradually faded. Moreover, the external sector performed robustly, with exports accelerating due to more activity from trade partners and higher global commodity prices. Imports too rose markedly, in further evidence of strengthening domestic demand. On the downside, private investment remains subdued despite the Central Bank keeping an expansionary stance.
Thailand - Current Account Data
|Current Account (% of GDP)||2.5||-0.4||-1.2||3.7||8.1|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.67||-0.74 %||May 25|
|Exchange Rate||34.22||-0.60 %||May 25|
|Stock Market||1,569||0.21 %||May 25|
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May 24, 2017
At its 24 May monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for nearly two years.
May 3, 2017
In April, consumer prices increased 0.16% on a month-on-month basis, contrasting the 0.46% drop recorded in March.
April 28, 2017
In March, manufacturing production decreased 0.5% from the same month last year, which was a softer decline than the 1.1% drop in February.
April 24, 2017
In March, the Thai trade balance recorded a USD 1.6 billion surplus.
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February.