Markets Actual Q1 Q2 Q3 Q4 2022
Currency 30.41 30.46 30.57 30.69 30.8 31.03
Stock Market (points) 953.61 939 921 903 886 851
Government Bond 10Y (%) 1.75 1.78 1.82 1.86 1.9 1.98

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.30 1.1 1.3 0.3 1.5 1.5
GDP Annual Growth Rate (%) -4.20 2.3 10.9 5.5 5.5 3.8
Unemployment Rate (%) 1.50 2 1.8 1.5 1.9 1.9
Inflation Rate (%) -0.34 0.7 2.5 3 2.2 2.6
Inflation Rate Mom (%) 0.09 0.5 0.6 0.5 0.5 0.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1.5
Balance of Trade (USD Million) -202.40 690 500 2000 690 690
Current Account (USD Million) -700.00 3500 3700 3450 3680 4680
Current Account to GDP (%) 6.80 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (%) 41.10 55 55 55 55 55
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -4.5 -1.5
Business Confidence (points) 45.60 49 50 52 51 55
Consumer Confidence (points) 47.80 53 60 63 65 70
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.30 1.1 1.3 0.3 1.5 1.5
GDP Annual Growth Rate (%) -4.20 2.3 10.9 5.5 5.5 3.8
GDP (USD Billion) 543.65 546 546 546 546 549
GDP Constant Prices (THB Million) 2601473.00 2790694 2713755 2757566 2757566 2862354
Gross National Product (THB Billion) 2747051.00 2916175 2648991 2641222 2641222 2741588
Gross Fixed Capital Formation (THB Million) 628277.00 626268 665370 672796 672796 698362
GDP per capita (USD) 6502.60 6600 6600 6600 6600 6750
GDP per capita PPP (USD) 18463.10 18100 18100 18100 18100 18900
GDP From Agriculture (THB Million) 203774.00 170148 171195 130243 130243 135192
GDP From Construction (THB Million) 72090.00 72179 92834 88790 88790 92164
GDP From Manufacturing (THB Million) 703411.00 752975 667416 688894 688894 715072
GDP From Mining (THB Million) 51379.00 58997 54360 54676 54676 56754
GDP From Public Administration (THB Million) 134953.00 135190 146501 144540 144540 150033
GDP From Transport (THB Million) 147099.00 191137 122676 143632 143632 149090
GDP From Utilities (THB Million) 58637.00 82919 84545 72656 72656 75417

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 1.50 2 1.8 1.5 1.9 1.9
Employed Persons (Thousand ) 38761.58 37200 37400 37600 37700 38000
Unemployed Persons (Thousand ) 589.66 690 610 550 550 400
Job Vacancies 29175.00 30000 35000 32500 38000 38000
Wages (THB/Month) 14620.50 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13316.60 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 331.00 335 335 345 345 345
Population (Million) 66.65 66.77 66.77 66.77 66.77 66.93
Labour Costs (points) 102.30 81 81 81 81 81
Productivity (points) 109.40 110 115 115 120 120
Youth Unemployment Rate (%) 8.00 5.5 5.5 5.3 5.5 5.1

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.34 0.7 2.5 3 2.2 2.6
Inflation Rate Mom (%) 0.09 0.5 0.6 0.5 0.5 0.5
Consumer Price Index CPI (points) 99.79 99.88 101 103 102 105
Core Consumer Prices (points) 100.47 101 101 101 101 102
Core Inflation Rate (%) 0.21 0.2 0.7 0.2 0.8 0.8
Producer Prices (points) 99.80 105 101 101 108 108
Food Inflation (%) 0.58 2.3 2.5 2.8 2.8 2.8
Producer Prices Change (%) -0.89 1.1 1.8 2 2.5 2.5
CPI Housing Utilities (points) 99.79 101 101 104 103 105
CPI Transportation (points) 97.78 97.87 98.87 99.42 100 103

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1.5
Interbank Rate (%) 0.63 0.62 0.62 0.62 0.87 1.37
Banks Balance Sheet (THB Million) 21764136.00 22765777 23069816 23373854 23677893 24894047
Foreign Exchange Reserves (USD Million) 256838.63 267165 275735 284304 292874 331630
Loans to Private Sector (THB Million) 4508982.00 4279604 4924191 4677006 4646234 4822791
Deposit Interest Rate (%) 1.40 1.4 1.4 1.4 1.65 2.15
Central Bank Balance Sheet (THB Million) 8794513.00 8881282 8962079 9042876 9123673 9446860

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -202.40 690 500 2000 690 690
Current Account (USD Million) -700.00 3500 3700 3450 3680 4680
Current Account to GDP (%) 6.80 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 19908.96 19500 21500 10950 22700 23700
Exports (USD Million) 19706.57 20000 23500 21500 23400 25400
External Debt (USD Million) 171974.12 163200 161500 159000 159000 156000
Tourist Arrivals 7694.00 60000 310000 380000 420000 3330000
Gold Reserves (Tonnes) 153.96 154 154 154 154 154
Remittances (THB Billion) 14252.00 10000 11000 13500 13500 14000
Crude Oil Production (BBL/D/1K) 205.00 240 240 250 250 250
Foreign Direct Investment (THB Million) -16240.47 -3500 20900 35000 37500 39000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 41.10 55 55 55 55 55
Government Budget (% of GDP) -1.90 -4.5 -4.5 -4.5 -4.5 -1.5
Government Budget Value (THB Million) 10137.00 35000 -58323 -15759 35000 35000
Government Spending (THB Million) 402729.00 400342 446442 434466 434466 450976
Government Revenues (THB Million) 189436.00 208657 213305 195000 230020 255212
Fiscal Expenditure (THB Million) 179299.00 224416 225645 234588 228087 234681
Military Expenditure (USD Million) 6420.00 6300 6300 6300 6300 6300

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 45.60 49 50 52 51 55
Industrial Production (%) -2.80 5.5 8.5 6.5 5.5 3.5
Industrial Production Mom (%) -0.10 0.5 0.8 0.6 0.6 1
Capacity Utilization (points) 64.20 61 63 65 65 67
Changes in Inventories (THB Million) 209909.00 29400 29400 29400 29400 29400
Car Registrations 36728.00 33700 35100 35200 35200 39200
Leading Economic Index (points) 157.41 171 172 173 174 178
Manufacturing PMI (points) 47.20 52 52 53 52 51
Private Investment (%) -2.00 -1.5 2.5 1.5 1.5 1
Total Vehicle Sales 55208.00 -5.5 91000 85000 95000 95000
Cement Production (Thousands of Ton ) 3739.20 3500 3300 3800 3800 3800
Car Production 149360.00 193829 182829 185221 200000 200000
Coincident Index (points) 126.50 127 127 126 132 132

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 47.80 53 60 63 65 70
Retail Sales YoY (%) -0.38 3.5 6.5 4.5 6.1 6.1
Consumer Spending (THB Million) 1438202.00 1471658 1467964 1498322 1498322 1555258
Disposable Personal Income (THB Million) 8767532.00 8969185 9723193 9249746 9249746 9601237
Personal Savings (%) 10.20 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6 6 6.25 6.75
Households Debt To GDP (% of GDP) 72.80 75 75 75 75 77
Personal Spending (%) -3.70 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 5077645.00 4953398 5413488 5235577 5235577 5434529
Gasoline Prices (USD/Liter) 1.05 0.91 0.87 0.82 0.78 0.74

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 151.00 159 161 164 166 177
Housing Starts (units) 5808.00 8500 7900 8100 9000 9000


This page has economic forecasts for Thailand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Thailand economy.