Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

The economy slipped back into contraction in Q3, contrasting the robust rebound clocked in Q2 and indicating slowing underlying momentum in the quarter. Both the domestic and external spheres of the economy drove the downturn: Consumer and capital spending contracted in Q3, while export growth slowed much more than import growth. Turning to Q4, conditions appear to have improved somewhat, with the manufacturing PMI returning to expansionary territory in October–November and consumer and business sentiment both rising in the same period. Moreover, goods export growth picked up in October, hinting at healthier foreign demand towards the end of the year. Meanwhile, despite daily Covid-19 cases remaining relatively elevated, authorities further eased domestic restrictions on 1 December, although they placed travel bans on eight countries due to fears regarding the Omicron variant.

Thailand - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)6.9  10.5  9.6  5.6  7.0  

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Thailand Current Account Chart


Thailand Current Account
Note: Current account balance as % of GDP.
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

Value Change Date
Exchange Rate30.110.17 %Dec 30

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