Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

Signs regarding the economic panorama are mixed. On the positive side, exports, supported by strong overseas demand, recorded double-digit growth rates in recent months and are set for their best performance in recent years for the year as a whole. Imports have also had a stellar year to date, reflecting a robust domestic economy. In addition, private consumption clocked its third consecutive month of growth in July, likely boosted by low inflation. However, the manufacturing PMI worsened in August on the back of a fall in output and new orders and signaled a slowdown in the manufacturing sector. In the political arena, the cabinet approved a new alcohol and tobacco tax law which came into effect in mid-September. The new tax is aimed at making tax collection more transparent but could dent private consumption.

Thailand - Current Account Data

2012  2013  2014  2015  2016  
Current Account (% of GDP)-0.4  -1.2  3.7  8.1  11.7  

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Thailand Current Account Chart


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

Thailand Facts

ValueChangeDate
Bond Yield2.330.0 %Sep 21
Exchange Rate33.080.14 %Sep 21
Stock Market1,670-0.01 %Sep 21

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