Current Account in Thailand
Thailand - Current Account (billions of U.S. Dollars)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 (USD bn) Data
|Current Account Balance (USD bn)||27.8||43.4||44.0||28.5||37.9|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account (USD bn) Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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January 5, 2022
Consumer prices dropped 0.38% over the previous month in December, contrasting the 0.28% increase seen in November.
December 27, 2021
Manufacturing production rose 0.6% month-on-month in seasonally-adjusted terms in November, slowing from October’s 2.7% growth.
December 22, 2021
At its 22 December meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) held the policy rate at the record low of 0.50% for the 13th consecutive meeting.
December 21, 2021
Merchandise exports jumped 24.7% on an annual basis in November, following October’s 17.3% upturn.
December 4, 2021
Consumer prices rose 0.28% over the previous month in November, which was below the 0.74% increase recorded in October.