Unemployment in Thailand

Thailand Unemployment | Economic News & Forecasts

Thailand - Unemployment

Economic growth decelerated in the third quarter on a weakening external sector after exports were hit by spillovers from the U.S.-China trade spat. Domestic demand, however, remained resilient in the quarter, with private consumption growing at the fastest pace in nearly two years amid improving wage growth and subdued inflation. Data on the fourth quarter is somewhat mixed. The external sector started off on the wrong foot, recording a small deficit in October as merchandise import growth outpaced export growth. In addition, the manufacturing PMI remained below the critical 50-point mark through November, indicating a deterioration in operating conditions in the sector. In more positive news, private consumption expanded robustly in October, while private investment growth accelerated to a near six-year high in the same month.

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

Bond Yield2.490.0 %Jan 16
Exchange Rate31.780.17 %Jan 16
Stock Market1,577-1.41 %Jan 16

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