Current Account in Thailand

Thailand Current Account | Economic News & Forecasts

Thailand - Current Account

Data for the first quarter suggests that the economy continues to perform well, following last year’s pick-up in pace. Private consumption grew solidly in January and February accordingly to the Bank of Thailand, while business confidence jumped in the first quarter. High business sentiment was underpinned by momentum in the external sector and manufacturing, according to available data: Exports grew strongly in the first three months of the year, while manufacturing production remained resilient in January and February. On 17 April, the government approved plans to offer tax incentives to commercial banks in Thailand. Work had begun in December on measures to strengthen the fragile banking sector. The plans include tax incentives to facilitate mergers, which should enable Thai commercial banks to better compete with large commercial banks in the region.

Thailand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-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

Bond Yield2.720.0 %May 21
Exchange Rate32.160.17 %May 21
Stock Market1,768-1.41 %May 21

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