Current Account in Thailand
Thailand - Current AccountThe economy grew at a marginally stronger pace in Q3, although remained weak nonetheless. A pick-up in public consumption and fixed investment growth led the slight acceleration, while private consumption growth softened and exports contracted for the third quarter in a row as the downturn in the manufacturing sector intensified. Turning to Q4, growth likely remained soft. Private consumption growth rebounded in October, although manufacturing output fell more sharply in the same month, while the manufacturing PMI fell into contractionary territory in November. Meanwhile, in November, the government coalition lost a vote on allowing Prime Minister Prayuth Chan-o-cha’s special executive powers after the coup d’état in 2014 to be scrutinized. This comes amid protracted quarrels over discretionary spending at the hands of the prime minister, which was incorporated into the FY 2020 budget.
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.
|Exchange Rate||30.11||0.17 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 3, 2020
Thai consumer prices were virtually unchanged in December over the prior month, as prices rose a meager 0.01% month-on-month.
December 27, 2019
The manufacturing sector remained in a tough spot through November, with output falling 8.3% year-on-year, which was down from the revised 8.1% drop recorded in October (previously reported: -8.5% year-on-year) and marked the steepest fall in production since January 2014.
December 23, 2019
Thai exports dropped 7.4% year-on-year in November, down from the 4.5% fall recorded in October.
December 18, 2019
At its 18 December Monetary Policy Committee meeting, the Bank of Thailand opted to stand pat and keep its policy rate at 1.25%, after having cut rates by 25 basis points in the previous two meetings.
December 4, 2019
Consumer prices fell 0.13% month-on-month in Thailand in November, marginally up from the 0.16% monthly decrease in October.