External Debt in Thailand

Thailand External Debt | Economic News & Forecasts

Thailand - External Debt

The economy rebounded in Q2, returning to growth for the first time since Q4 2019. Domestically, strengthening consumer and capital spending spearheaded the upturn, while externally, both exports and imports surged at the fastest rates in over a decade, albeit largely driven by a low base effect. Turning to Q3, the prognosis appears less encouraging. Daily Covid-19 infections have risen significantly in recent weeks, hitting record levels in mid-August amid a beleaguered vaccination campaign hampered by supply shortages. Against this background, opposition parties filed a no-confidence vote against Prime Minister Prayuth Chan-ocha, citing the government’s failure in its handling of the worsening pandemic. While it is unlikely he will be removed from power, the move is the latest sign of pressure on the PM, with renewed public anger manifested in a spate of protests across the country on 15 August.

Thailand - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)32.7  31.9  34.0  32.1  31.6  

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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

Value Change Date
Exchange Rate30.110.17 %Dec 30

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