International Reserves in Thailand

Thailand International Reserves | Economic News & Forecasts

Thailand - International Reserves

The economy is set to enter recession in the second quarter, after GDP contracted for the first time in six years in the first quarter. Private consumption nosedived in April–May amid tumbling retail sales and deeply pessimistic consumer confidence, while imports shrank markedly in the same period, reflecting lower domestic demand. Manufacturing output continued to collapse in May, with motor vehicle production down 70% on the same month a year ago. Consequently, exports contracted at the fastest pace in over a decade as external demand receded due to the global pandemic. However, the panorama appears to be improving at the end of the second quarter and into the third as lockdown conditions continue to be lifted. June’s PMI indicated a softening in the manufacturing sector downturn; business and consumer confidence rose in the same month, above the lows set in April; and high frequency data indicated an uptick in activity in early July.

Thailand - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)157  172  203  206  224  

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Thailand International Reserves Chart

Thailand International Reserves
Note: International reserves in months of imports.
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

Value Change Date
Exchange Rate30.110.17 %Dec 30

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