External Debt in Thailand
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 |
Thailand External Debt Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
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Economic News
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Thailand: Inflation decreases in July
August 8, 2022
Consumer prices fell 0.16% in July over the previous month, contrasting the 0.90% increase logged in June.
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Thailand: Manufacturing activity expands at quickest pace in six months in June
July 29, 2022
Manufacturing output grew 1.9% month-on-month in seasonally-adjusted terms in June (May: -1.6% mom).
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Thailand: Merchandise exports accelerate in June
July 28, 2022
Merchandise exports soared 11.8% annually in June, on the heels of May’s 10.5% upturn.
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Thailand: Inflation comes in at highest level since July 2008 in June
July 5, 2022
Consumer prices rose 0.90% in June over the previous month, below the 1.40% rise logged in May.
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Thailand: Merchandise exports increase in May
July 1, 2022
Merchandise exports jumped 10.5% year-on-year in May, on the heels of April’s 9.9% rise.
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