Unemployment in Thailand

Thailand Unemployment | Economic News & Forecasts

Thailand - Unemployment

The outcome of the March general election remains uncertain with both the opposition alliance (PT) and the pro-junta bloc (PP) currently lacking the numbers needed to form coalitions and nominate a prime minister. However, the PP bloc is expected to secure enough seats to form a government after official election results are released on 9 May. Political uncertainty prior to, and after, the general elections is likely leaving its mark on the economy. Private consumption growth moderated noticeably in February while private investment fell in the same month, reflecting dampening domestic demand. Weakening demand in Thailand is also evidenced by the marked drop in imports in February. Manufacturing output, meanwhile, dropped at the steepest rate in over four years in February, while the average manufacturing PMI reading for Q1 suggested only a fractional improvement in operating conditions.

Thailand - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate0.6  0.6  0.7  0.8  1.0  

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Thailand Unemployment Chart


Thailand Unemployment
Note: Unemployment in % of active population.
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

ValueChangeDate
Bond Yield2.460.0 %May 13
Exchange Rate31.590.17 %May 13
Stock Market1,640-1.41 %May 13

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Economic News

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

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  • Thailand: Bank of Thailand stands pat in May

    May 8, 2019

    In a unanimous vote at its 8 May meeting, the Monetary Policy Committee of the Bank of Thailand opted to leave the policy rate unaltered at 1.75% after the committee turned more dovish in the prior meeting.

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  • Thailand: Manufacturing output drops in March

    April 30, 2019

    Manufacturing production fell 2.5% year-on-year in March, down from a revised 1.3% drop in the prior month (previously reported: -1.6% year-on-year).

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  • Thailand: Exports drop in March, rounding off a weak first quarter

    April 23, 2019

    Thailand’s trade balance dropped from a USD 4.0 billion surplus in February to a USD 2.0 billion surplus in March; however, the 12-month moving sum of the trade balance increased to a USD 3.0 billion surplus from a surplus of USD 2.4 billion in February. In March, exports dropped 4.9% year-on-year while imports fell 7.6% year-on-year.

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  • Thailand: Inflation returns to target in March

    April 4, 2019

    Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication. Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range.

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