External Debt in Thailand

Thailand External Debt | Economic News & Forecasts

Thailand - External Debt

GDP growth accelerated in annual terms in the first quarter, supported by recovering tourist numbers due to the relaxation of Covid-19 restrictions. Activity is seemingly continuing to expand at a healthy rate in the second quarter. In April, annual private consumption growth strengthened from the previous month. Moreover, in April-May the manufacturing PMI remained in expansionary territory, while the Central Bank stated that economic activity improved in May amid receding concerns about the pandemic and easing restrictions. That said, in April the current account registered the widest deficit in nine years due to a notable slowdown in export growth, likely prompted by China’s lockdowns. Meanwhile, parliament passed the first reading of the USD 93 billion draft budget for 2023, which plans for a USD 20 billion deficit and an expansionary fiscal stance to support the post-Covid-19 economic recovery.

Thailand - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)32.7  31.9  34.0  32.1  31.6  

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Thailand External Debt Chart


Thailand External Debt
Note: External debt as % of GDP.
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

Value Change Date
Exchange Rate30.110.17 %Dec 30

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