Current Account in Thailand
Thailand - Current Account (billions of U.S. Dollars)GDP growth accelerated in annual terms in the first quarter, supported by recovering tourist numbers due to the relaxation of Covid-19 restrictions. Activity is seemingly continuing to expand at a healthy rate in the second quarter. In April, annual private consumption growth strengthened from the previous month. Moreover, in April-May the manufacturing PMI remained in expansionary territory, while the Central Bank stated that economic activity improved in May amid receding concerns about the pandemic and easing restrictions. That said, in April the current account registered the widest deficit in nine years due to a notable slowdown in export growth, likely prompted by China’s lockdowns. Meanwhile, parliament passed the first reading of the USD 93 billion draft budget for 2023, which plans for a USD 20 billion deficit and an expansionary fiscal stance to support the post-Covid-19 economic recovery.
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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November 22, 2022
GDP growth sped up to 4.5% year on year in the third quarter, from 2.5% in the second quarter.
November 14, 2022
Manufacturing output dropped 2.3% month-on-month in seasonally-adjusted terms in September (August: +2.6% mom).
November 14, 2022
Merchandise exports climbed 7.8% annually in September, on the heels of August’s 7.5% increase.
November 7, 2022
Inflation came in at 6.0% in October, down from September’s 6.4%.
October 17, 2022
Merchandise exports increased 7.5% annually in August, on the heels of July’s 4.3% upturn.