External Debt in Thailand

Thailand External Debt | Economic News & Forecasts

Thailand - External Debt

After the economy slipped back into contraction in Q3, conditions should have improved slightly in Q4. Household spending fell at a much reduced pace in October–November compared with Q3. Continued strong growth in goods imports also pointed to resilient domestic demand. Moreover, manufacturing production growth accelerated in the first two months of Q4, while the manufacturing PMI averaged above its Q3 level in the quarter overall, despite dropping slightly into contractionary territory in December. Turning to the new year, daily Covid-19 cases have started to rise again with the arrival of Omicron variant, although levels remain far below the records seen in July–August 2021. As such, authorities will reactivate the quarantine-free travel scheme in early February, after having temporarily paused it during January, boding well for the tourism industry at the outset of 2022.

Thailand - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)32.7  31.9  34.0  32.1  31.6  

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Thailand External Debt Chart

Thailand External Debt
Note: External debt 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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