Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

The economy remained lackluster in the second quarter, after growth fell to an over four-year low in the first quarter. Exports, which are a key driver of the manufacturing sector and overall economic growth, likely contracted at a sharp rate in the second quarter. Manufacturing production, meanwhile, crashed in the same period, souring business confidence in turn. On the domestic front, private consumption growth likely eased in Q2 amid weakening consumer confidence and despite stronger retail sales in April and May. Softening domestic demand was also evident in faltering import growth, which further deteriorated in the quarter. Meanwhile, in the political arena, the government could face a no-confidence vote after the coalition lost five independent MPs in early August.

Thailand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.1  2.9  6.9  10.5  9.7  

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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

Exchange Rate30.560.17 %Sep 04
Stock Market1,659-1.41 %Sep 04

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