Current Account in Thailand
Thailand - Current AccountA more challenging external environment, owing to lingering trade tensions, likely continued to hamstring the economy in the second quarter. Exports, a key driver of the manufacturing sector, contracted at an accelerated pace in April–May compared to the first quarter. Moreover, manufacturing output also continued to falter in the same period. More positively, private consumption remained robust through May amid still-weak inflation. On 10 July, a new cabinet was installed that should largely see policy continuation; however, given the coalition’s slim majority and sheer number of parties, governing could prove difficult. A large stimulus package is expected and large-scale projects are likely to go ahead. This should help boost the economy going forward.
Thailand - Current Account Data
|Current Account (% of GDP)||-2.1||2.9||6.9||10.5||9.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||1.97||0.0 %||Jul 11|
|Exchange Rate||30.57||0.17 %||Jul 11|
|Stock Market||1,740||-1.41 %||Jul 11|
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July 4, 2019
Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month.
June 28, 2019
Thai manufacturing output fell 4.0% year-on-year in May, swinging from a revised 1.5% expansion in April (previously reported: +2.0% year-on-year).
June 28, 2019
In May, Thailand recorded a small trade surplus of USD 0.2 billion, contrasting the USD 1.5 billion shortfall in April.
June 26, 2019
In a unanimous vote at its 26 June meeting, the Monetary Policy Committee of the Bank of Thailand stood pat and left the policy rate unchanged at 1.75%. The decision reflected unchanged inflation expectations from the prior meeting, although the Bank expects economic momentum to wane somewhat this year amid a harsher external environment affecting exports.
June 4, 2019
Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.