GDP in Thailand
Thailand - GDP (billions of U.S. Dollars)
GDP growth records best result since Q2 2021 in the first quarter
Growth sped up in the first quarter, with GDP increasing 2.2% on an annual basis (Q4 2021: +1.8% year on year). Q1's reading marked the strongest increase since Q2 2021.
Government consumption growth slowed to 4.6% in Q1 (Q4 2021: +8.1% yoy). Fixed investment rebounded, growing 0.8% in Q1, contrasting the 0.2% contraction in the previous quarter. Meanwhile, private consumption growth accelerated to 3.9% from the previous quarter’s 0.4% increase.
On the external front, exports of goods and services increased 12.0% on an annual basis in the first quarter, which was below the fourth quarter's 17.6% expansion. In addition, imports of goods and services growth moderated to 6.7% in Q1 (Q4 2021: +16.4% yoy).
On a seasonally-adjusted quarter-on-quarter basis, economic growth lost momentum, cooling to 1.1% in Q1, from the previous quarter's 1.8% increase.
FocusEconomics Consensus Forecast panelists project GDP to grow 3.9% in 2022, which is down 0.1 percentage points from last month’s forecast, and expand 4.3% in 2023.
Thailand - GDP (USD bn) Data
|GDP (USD bn)||400||414||456||505||545|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||30.11||0.17 %||Dec 30|
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August 8, 2022
Consumer prices fell 0.16% in July over the previous month, contrasting the 0.90% increase logged in June.
July 29, 2022
Manufacturing output grew 1.9% month-on-month in seasonally-adjusted terms in June (May: -1.6% mom).
July 28, 2022
Merchandise exports soared 11.8% annually in June, on the heels of May’s 10.5% upturn.
July 5, 2022
Consumer prices rose 0.90% in June over the previous month, below the 1.40% rise logged in May.
July 1, 2022
Merchandise exports jumped 10.5% year-on-year in May, on the heels of April’s 9.9% rise.