External Debt in Thailand
Thailand - External Debt
After economic growth remained robust despite easing in the second quarter, the latest data suggests that momentum has moderated somewhat in the third quarter but remained healthy. In August, the manufacturing PMI continued to ease and dipped into contractionary territory, while business sentiment softened despite staying broadly optimistic. In addition, in July the tourism sector lost some steam due to a recent tour boat accident, while the trade sector recorded a small deficit. On the other hand, manufacturing growth was robust in the same month while private consumption expanded, likely thanks to rising consumer confidence, favorable farm and non-farm incomes and solid private credit growth. In the political arena, the government is moving closer to holding general elections next year, after two bills were approved in mid-September which suggest an election will be held by May 2019 at the latest.Thailand - External Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 33.7 | 34.8 | 32.7 | 32.1 | 32.7 |
Thailand External Debt Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.75 | 0.0 % | Oct 12 |
| Exchange Rate | 32.65 | 0.17 % | Oct 12 |
| Stock Market | 1,696 | -1.41 % | Oct 12 |
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Economic News
Thailand: Inflation eases in September
October 1, 2018
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise.
Thailand: Thai manufacturing growth decelerates strongly in August
September 27, 2018
Manufacturing output growth slowed to 0.7% year-on-year in August, down noticeably from July’s upwardly revised 4.9% (previously reported: +4.6% year-on-year) and marking the weakest reading since April 2017.
Thailand: Thailand records another trade deficit in August, export growth eases
September 21, 2018
Thailand recorded a USD 588 million trade deficit in August, widening from July’s USD 516 million deficit (previously reported: USD 525 million deficit) and contrasting August 2017’s notable trade surplus.
Thailand: Central Bank stands pat in September but hints at future rate hikes
September 19, 2018
At its 19 September Monetary Policy Committee meeting, the Bank of Thailand opted to maintain the one-day repurchase rate at 1.50%, where it been for over three years.
Thailand: Inflation edges up in August
September 3, 2018
Consumer prices increased 0.26% over the previous month in August, contrasting July’s 0.05% decrease.
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