Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

Recently released data indicated the economy grew at the fastest rate in five years in 2017, closing the year on a strong note despite slower growth in the final quarter. Growth was supported by a strong external sector throughout the year, and in Q4 the manufacturing sector also performed admirably. The external sector’s recovery was further boosted by robust tourism activity. The manufacturing PMI for January hinted at a positive start to 2018. It marked the second consecutive month in which the PMI remained in expansionary territory, and the highest reading in nearly a year. Business confidence strengthened as improving economic conditions and activity, as well as a recovery in private consumption, fed into an optimistic outlook.

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 Yield2.440.0 %Feb 22
Exchange Rate31.560.17 %Feb 22
Stock Market1,789-1.41 %Feb 22

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