Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

A 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

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

Bond Yield1.970.0 %Jul 11
Exchange Rate30.570.17 %Jul 11
Stock Market1,740-1.41 %Jul 11

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