External Debt in Thailand
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 |
Thailand External Debt Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.29 | 0.0 % | Oct 19 |
| Exchange Rate | 33.11 | 0.17 % | Oct 19 |
| Stock Market | 1,683 | -1.41 % | Oct 19 |
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Economic News
Thailand: Inflation jumps in September
October 9, 2017
Consumer prices in Thailand increased 0.58% over the previous month in September, up from 0.11% in August.
Thailand: Bank of Thailand leaves policy rate unchanged in September
October 6, 2017
At its 27 September monetary policy meeting, the Bank of Thailand (BoT) voted unanimously to maintain the one-day repurchase rate at 1.50%, where it has been for over two years.
Thailand: Manufacturing output beats expectations in August
September 30, 2017
Manufacturing output increased 3.7% year-on-year in August, which is slightly above the pace of expansion seen in the prior month (July: +3.4% yoy; previously reported: +3.7% yoy) and overshot market expectations of a markedly slower pace of growth.
Thailand: Export growth reaches multi-year high despite strong baht currency
September 29, 2017
Thailand’s external sector recorded a USD 2.1 billion surplus in August following the first trade deficit since April 2015 in July.
Thailand: Inflation picks up pace in August
September 2, 2017
Consumer prices increased 0.11% month-on-month in August, contrasting last month’s decrease (July: -0.13% month-on-month).
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