Current Account in Thailand

Thailand Current Account (USD bn) | Economic News & Forecasts

Thailand - Current Account (billions of U.S. Dollars)

Thai policymakers are becoming increasingly worried about the strength of the bhat, as it threatens to undermine the recovery in the country’s all-important external sector. Buoyant demand for Thai debt, a favorite among investors looking for high yields and relatively safe emerging market assets, has prompted demand for the currency to soar since the start of the year. In response, the Bank of Thailand has resorted to intervening in FX markets and has reduced its issuance of short-term bonds, which could however fall foul of U.S. officials seeking to brand Thailand as a currency manipulator. While exports rebounded in March, suggesting a degree of resilience to the robust baht, imports, conversely, did highlight the effect of a stronger currency and soared in both February and March. Further evidence for a pickup in domestic activity as Thai households started to pull their weight, with auto sales for the first two months of the year growing at a double-digit rate.

Thailand - Current Account (USD bn) Data

2011  2012  2013  2014  2015  
Current Account Balance (USD bn)9.4  -1.6  -4.9  15.1  32.2  

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Thailand Current Account (USD bn) Chart


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

Thailand Facts

ValueChangeDate
Bond Yield2.760.0 %May 09
Exchange Rate34.640.07 %May 09
Stock Market1,560-0.49 %May 09

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