Current Account in Thailand
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
|Current Account Balance (USD bn)||9.4||-1.6||-4.9||15.1||32.2|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account (USD bn) Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.76||0.0 %||May 09|
|Exchange Rate||34.64||0.07 %||May 09|
|Stock Market||1,560||-0.49 %||May 09|
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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.
March 31, 2017
In February, the trade balance recorded a USD 1.6 billion surplus.