External Debt in Thailand

Thailand External Debt | Economic News & Forecasts

Thailand - External Debt

The economic recovery continued in the third quarter, with the Thai economy posting a stellar growth rate. GDP increased 4.3% in annual terms, accelerating from 3.8% in the second quarter and beating market expectations. While the agricultural sector had a solid showing, growth was primarily driven by the external sector; exports have performed robustly throughout most of the year. On the domestic front, private consumption grew at a slightly quicker pace in the third quarter. Low inflation and interest rates, together with rising wages, buttressed household spending. The momentum is likely to carry over to the final quarter of the year, according to recent data. Exports and tourist arrivals increased in October, and the business confidence indicator recorded a slight improvement in November, signaling increased optimism in the non-manufacturing sector. However, private consumption growth slowed in October despite improved consumer confidence.

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

ValueChangeDate
Bond Yield2.370.0 %Dec 06
Exchange Rate32.570.17 %Dec 06
Stock Market1,694-1.41 %Dec 06

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