Unemployment in Thailand

Thailand Unemployment | Economic News & Forecasts

Thailand - Unemployment

GDP contracted at the sharpest pace in over eight years in the first quarter, as the fallout from Covid-19 and the measures to curtail its spread hammered the economy. Capital spending sank largely due to a drop in construction activity, while exports fell on a collapse in service sales amid plummeting tourist arrivals in Q1. On the upside, resilient private consumption growth cushioned the downturn somewhat. Turning to the second quarter, GDP looks to be shrinking at an even faster rate. Record-low consumer and business sentiment in April suggest that social distancing and business closures dealt a heavy blow to economic activity. Moreover, the loss of trade privileges with the U.S. in April and plummeting tourist arrivals look set to hammer exports in Q2. Amid the collapse in air travel, the government approved a debt-restructuring plan for state-owned Thai Airways in 19 May.

Thailand - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate0.6  0.7  0.8  1.0  0.9  

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Thailand Unemployment Chart


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

Thailand Facts

Value Change Date
Exchange Rate30.110.17 %Dec 30

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