External Debt in Thailand

Thailand External Debt | Economic News & Forecasts

Thailand - External Debt

The economy remains caught between a strong external position, underpinned by a large current account surplus, and a fragile domestic economy. Export growth reached a multi-year high in August, indicating healthy demand for Thai goods. Despite solid import growth, private consumption remains sluggish as high household debt and weak jobs growth eat into consumers’ pockets. Manufacturing output, on the other hand, beat annual growth expectations in August, seemingly putting an end to its hitherto volatile growth trajectory. Moreover, the government unveiled a USD 45 billion investment plan, which will be largely funded through the private sector. Construction on the planned projects is set to start before next year’s elections, which Prime Minister Prayuth Chan-ocha announced will be held in November 2018.

Thailand - External Debt Data

2012  2013  2014  2015  2016  
External Debt (% of GDP)32.9  33.7  34.8  33.0  32.2  

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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

Bond Yield2.291.33 %Oct 18
Exchange Rate33.050.0 %Oct 18
Stock Market1,708-0.98 %Oct 18

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