International Reserves in Thailand
Thailand - International Reserves
Economic 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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 167 | 157 | 157 | 172 | 203 |
Thailand International Reserves Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.15 | 0.17 % | Nov 21 |
| Stock Market | 1,592 | -1.41 % | Nov 21 |
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Economic News
Thailand: Inflation inches higher but remains below target
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.
Thailand: Downturn in manufacturing output intensifies in October
November 28, 2019
Manufacturing production nosedived in October, contracting 8.5% year-on-year, down from September’s 5.1% fall.
Thailand: Exports continue to contract in October
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.
Thailand: Economic growth inches up in Q3 but remains lackluster
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.
Thailand: Manufacturing output falls at an accelerated pace in September
November 8, 2019
Thai manufacturing production contracted 4.7% year-on-year in September, down from the 4.4% fall in August.
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