Markets Actual Q4 Q1 Q2 Q3 2022
Currency 33.76 33.92 34.07 34.23 34.38 34.7
Stock Market (points) 961.93 937 913 889 866 822
Government Bond 10Y (%) 2.00 2.06 2.13 2.2 2.27 2.42

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -1.10 1.5 0.7 1 0.5 0.9
GDP Annual Growth Rate (%) -0.30 2.5 3 5 3.5 3.5
Unemployment Rate (%) 2.25 1.85 1.8 1.7 1.6 1.5
Inflation Rate (%) 2.38 2.6 2.2 1.8 1.5 1.5
Inflation Rate Mom (%) 0.74 0.5 -0.1 -0.1 0.3 0.5
Interest Rate (%) 0.50 0.5 0.75 1 1.25 1.5
Balance of Trade (USD Million) -370.00 1700 3400 3400 3400 2700
Current Account (USD Million) -1300.00 500 2300 5000 3700 3500
Current Account to GDP (% of GDP) 4.20 -1 4.5 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 50.50 61 59 59 59 59
Government Budget (% of GDP) -6.10 -5 -1.5 -1.5 -1.5 -1.5
Business Confidence (points) 47.00 51 55 52 55 55
Consumer Confidence (points) 43.90 60 65 70 75 70
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -1.10 1.5 0.7 1 0.5 0.9
GDP Annual Growth Rate (%) -0.30 2.5 3 5 3.5 3.5
GDP (USD Billion) 501.79 546 549 549 549 549
GDP Constant Prices (THB Million) 2436499.00 2749572 2799068 2652632 2521776 2845807
Gross National Product (THB Billion) 2507660.00 2815727 2854323 2719870 2595428 2914278
Gross Fixed Capital Formation (THB Million) 633124.00 643984 676575 689756 655283 666523
GDP per capita (USD) 6199.19 6600 6600 6600 6600 6750
GDP per capita PPP (USD) 17286.87 18100 18100 18100 18100 18900
GDP From Agriculture (THB Million) 2337023.00 207783 174028 2508871 2418819 215055
GDP From Construction (THB Million) 80613.00 62095 81900 91264 83434 64268
GDP From Manufacturing (THB Million) 646959.00 746558 765902 739460 669603 772687
GDP From Mining (THB Million) 46763.00 52676 57641 54548 48400 54519
GDP From Public Administration (THB Million) 139246.00 135873 139241 140548 144120 140629
GDP From Transport (THB Million) 136829.00 150776 158244 132825 141618 156054
GDP From Utilities (THB Million) 66986.00 60100 76037 81198 69331 62203

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 2.25 1.85 1.8 1.7 1.6 1.5
Employed Persons (Thousand ) 37821.80 37700 38000 38000 38000 38000
Unemployed Persons (Thousand ) 731.83 450 400 400 400 400
Job Vacancies 113024.00 40000 40000 40000 40000 38000
Wages (THB/Month) 14609.09 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13527.70 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 336.00 336 345 345 345 345
Population (Million) 66.65 66.77 66.93 66.93 66.93 66.93
Labour Costs (points) 94.99 81 81 81 81 81
Productivity (points) 113.56 120 120 120 120 120
Youth Unemployment Rate (%) 8.00 5.5 5.5 5.5 5.5 5

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.38 2.6 2.2 1.8 1.5 1.5
Inflation Rate Mom (%) 0.74 0.5 -0.1 -0.1 0.3 0.5
Consumer Price Index CPI (points) 101.96 102 101 102 103 104
Core Consumer Prices (points) 100.59 102 102 102 102 103
Core Inflation Rate (%) 0.21 1.2 1.7 1.1 1.1 1
Producer Prices (points) 104.80 105 107 105 106 109
Food Inflation (%) -1.16 2 1.5 1.5 1.5 2.5
CPI Housing Utilities (points) 99.69 103 97.29 96.93 101 105
CPI Transportation (points) 106.14 107 107 106 107 107
Producer Prices Change (%) 6.94 7.5 6.5 2.5 2.5 3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.50 0.5 0.75 1 1.25 1.5
Interbank Rate (%) 0.62 0.62 0.87 1.12 1.37 1.62
Foreign Exchange Reserves (USD Million) 246099.83 278730 286174 286174 286174 308507
Banks Balance Sheet (THB Million) 22494387.00 23632191 24139596 24139596 24139596 25661811
Loans to Private Sector (THB Million) 4653053.00 4621707 4697200 4790755 4815910 4783466
Deposit Interest Rate (%) 0.62 0.62 0.87 1.12 1.37 1.62
Central Bank Balance Sheet (THB Million) 9627982.00 9123673 9219732 9219732 9219732 9446860

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -370.00 1700 3400 3400 3400 2700
Current Account (USD Million) -1300.00 500 2300 5000 3700 3500
Current Account to GDP (% of GDP) 4.20 -1 4.5 4.5 4.5 4.5
Imports (USD Million) 23110.00 21700 22000 22000 22000 22700
Exports (USD Million) 22740.00 23400 25400 25400 25400 25400
External Debt (USD Million) 187783.39 159000 155000 155000 155000 156000
Tourist Arrivals 20272.00 1000000 1000000 1000000 1000000 2000000
Gold Reserves (Tonnes) 244.16 154 154 154 154 154
Foreign Direct Investment (THB Million) 46340.19 10000 15000 15000 15000 30000
Crude Oil Production (BBL/D/1K) 169.00 205 230 250 235 245
Remittances (THB Billion) 18843.00 13000 14000 14000 14000 14000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 50.50 61 59 59 59 59
Government Budget (% of GDP) -6.10 -5 -1.5 -1.5 -1.5 -1.5
Government Budget Value (THB Million) -17025.00 35000 35000 35000 31933 35212
Government Spending (THB Million) 417833.00 412797 413746 427361 432457 427245
Government Revenues (THB Million) 293941.00 230020 235000 235000 235000 235212
Fiscal Expenditure (THB Million) 222710.00 198087 200000 200000 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 7.00 7 7 7 7 7
Social Security Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 47.00 51 55 52 55 55
Industrial Production (%) -1.28 5 2.5 2.5 2.5 3.5
Industrial Production Mom (%) -3.50 0.6 0.3 0.3 0.3 1
Capacity Utilization (points) 62.17 65 65 65 65 67
Changes in Inventories (THB Million) 76335.00 25000 80000 80000 80000 29000
Car Registrations 21524.00 35200 35000 35000 35000 39200
Leading Economic Index (points) 157.61 174 176 176 176 178
Cement Production (Thousands of Ton ) 3252.90 3800 3800 3800 3800 3800
Car Production 104144.00 205367 200000 200000 200000 25000
Coincident Index (points) 126.47 132 132 133 133 135
Manufacturing PMI (points) 50.90 52 52 51 51 51
Private Investment (%) 1.50 1.5 1.1 1.5 1.5 1
Total Vehicle Sales (Units) 64462.00 95000 95000 98000 98000 95000

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 43.90 60 65 70 75 70
Retail Sales YoY (%) -8.10 6.1 4.5 4.5 4.5 6.1
Consumer Spending (THB Million) 1370307.00 1474157 1471879 1458876 1418268 1525753
Disposable Personal Income (THB Million) 9171848.00 9401144 9447003 9630440 9492863 9730184
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6.25 6.5 6.75 7
Households Debt To GDP (% of GDP) 78.70 75 77 77 77 77
Gasoline Prices (USD/Liter) 1.10 1.05 0.99 0.94 0.9 0.85
Consumer Credit (THB Million) 5170875.00 5204586 5249520 5415231 5351856 5386747
Personal Spending (%) 3.90 1.3 1.3 1.3 1.3 1.3

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 153.70 165 168 168 168 170
Housing Starts (units) 4808.00 9000 8500 8500 8500 9000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Thailand Forecast - was last updated on Sunday, November 28, 2021.