Current Account in Thailand
Thailand - Current AccountThe military junta announced that elections will be held in November of next year, against a backdrop of a robustly growing economy supported by the external sector and tourism. The domestic economy also continues to show signs of recovery. Tourist arrivals were up markedly in the first eight months of the year on an annual basis, and robust external demand boosted exports throughout Q3. Indicators suggest that the improvement in the external sector is spilling over to the domestic economy. Manufacturing output and private investment logged their third consecutive monthly annual growth rates in September, although the latter’s pace of expansion remains fragile. Business sentiment dropped markedly in October; however, it remains in positive territory. Moreover, private consumption increased throughout Q3. Consumer confidence climbed for the third consecutive month in October, boding well for private consumption going forward.
Thailand - Current Account Data
|Current Account (% of GDP)||-0.4||-1.2||3.7||8.1||11.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.39||0.0 %||Nov 17|
|Exchange Rate||32.83||0.17 %||Nov 17|
|Stock Market||1,709||-1.41 %||Nov 17|
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November 20, 2017
Economic growth again stepped up in the third quarter, expanding a robust 4.3% year-on-year, the quickest acceleration since Q1 2013.
November 8, 2017
At its 8 November monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to uphold the one-day repurchase rate at 1.50%, where it has been for over two years.
November 2, 2017
Consumer prices in Thailand increased 0.16% over the previous month in October, down from a 0.58% increase in September.
October 31, 2017
Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth.
Thailand: Export growth beats market expectations in September, despite ongoing worries over the strength of the currency
October 31, 2017
Thailand’s external sector recorded a USD 3.4 billion surplus in September, coming in ahead of the surplus registered in the same month a year ago.