International Reserves in Thailand
Thailand - International ReservesEconomic growth should have rebounded in the third quarter as cheap credit conditions likely supported activity. However, exports fell amid contracting manufacturing and agricultural output, weighed on by a strong baht, and private consumption growth likely cooled. Consumer sentiment soured and non-farm incomes fell; however, the implementation of fiscal stimulus measures in October that target boosting households’ purchasing power bodes well for private consumption going forward. Meanwhile, the 16-party coalition government survived a key budget vote in mid-October. That said, the bill still needs to pass a second and third reading in January 2020 before being granted royal approval and, if it fails to pass, snap elections will likely be called. A key hurdle is the discretionary budget which would be at the hands of the prime minister.
Thailand - International Reserves Data
|International Reserves (USD)||167||157||157||172||203|
5 years of economic forecasts for more than 30 economic indicators.
Thailand International Reserves Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Exchange Rate||30.15||0.17 %||Nov 21|
|Stock Market||1,592||-1.41 %||Nov 21|
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December 4, 2019
Consumer prices fell 0.13% month-on-month in Thailand in November, marginally up from the 0.16% monthly decrease in October.
November 28, 2019
Manufacturing production nosedived in October, contracting 8.5% year-on-year, down from September’s 5.1% fall.
November 21, 2019
Exports fell 4.5% year-on-year in October, down from the 1.4% contraction in the prior month and worse than market expectations of a 3.7% drop.
November 20, 2019
The economy grew 2.4% year-on-year in the third quarter, up slightly from the 2.3% expansion recorded in the prior quarter but below market expectations nonetheless.
November 8, 2019
Thai manufacturing production contracted 4.7% year-on-year in September, down from the 4.4% fall in August.