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: Manufacturing activity drops at sharper pace in December
February 1, 2023
Manufacturing output dropped 0.7% month-on-month in seasonally-adjusted terms in December (November: -0.6% mom).
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Thailand: Merchandise exports contract at sharper pace in December
February 1, 2023
Merchandise exports fell 12.9% annually in December, following November’s 5.7% decrease.
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Thailand: Central Bank hikes rates further in January
January 25, 2023
At its 25 January meeting, the Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) hiked the policy rate to 1.50% from 1.25%.
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Thailand: Merchandise exports contract in November
January 19, 2023
Merchandise exports fell 5.7% annually in November, following October’s 4.2% decrease.
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Thailand: Manufacturing activity drops in November
January 19, 2023
Manufacturing output dropped 0.8% month-on-month in seasonally-adjusted terms in November (October: -4.0% mom).
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