International Reserves in Thailand
Thailand - International Reserves
GDP growth accelerated in annual terms in the first quarter, supported by recovering tourist numbers due to the relaxation of Covid-19 restrictions. Activity is seemingly continuing to expand at a healthy rate in the second quarter. In April, annual private consumption growth strengthened from the previous month. Moreover, in April-May the manufacturing PMI remained in expansionary territory, while the Central Bank stated that economic activity improved in May amid receding concerns about the pandemic and easing restrictions. That said, in April the current account registered the widest deficit in nine years due to a notable slowdown in export growth, likely prompted by China’s lockdowns. Meanwhile, parliament passed the first reading of the USD 93 billion draft budget for 2023, which plans for a USD 20 billion deficit and an expansionary fiscal stance to support the post-Covid-19 economic recovery.Thailand - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 157 | 172 | 203 | 206 | 224 |
Thailand International Reserves Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
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Economic News
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Thailand: Central Bank triggers policy normalization in August; hints at further tightening ahead
August 12, 2022
At its 10 August meeting, the Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) hiked the policy rate to 0.75% from a record-low of 0.50%.
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Thailand: Inflation decreases in July
August 8, 2022
Consumer prices fell 0.16% in July over the previous month, contrasting the 0.90% increase logged in June.
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Thailand: Manufacturing activity expands at quickest pace in six months in June
July 29, 2022
Manufacturing output grew 1.9% month-on-month in seasonally-adjusted terms in June (May: -1.6% mom).
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Thailand: Merchandise exports accelerate in June
July 28, 2022
Merchandise exports soared 11.8% annually in June, on the heels of May’s 10.5% upturn.
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Thailand: Inflation comes in at highest level since July 2008 in June
July 5, 2022
Consumer prices rose 0.90% in June over the previous month, below the 1.40% rise logged in May.
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