Markets Actual Q1 Q2 Q3 Q4 2020
Currency 31.76 32.41 32.54 32.68 32.81 33.08
Stock Market (points) 1073.73 1035 1023 1012 1000 978
Government Bond 10Y (%) 2.47 2.44 2.46 2.49 2.52 2.58
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.00 1.3 1 0.9 1.1 0.8
GDP Annual Growth Rate (%) 3.30 3.8 4.2 3.9 4 3
Unemployment Rate (%) 0.90 1 1 1.1 1.1 1.1
Inflation Rate (%) 0.36 0.6 0.8 1.2 1.2 2.2
Inflation Rate Mom (%) -0.65 0.1 -0.2 -0.3 0.2 0.1
Interest Rate (%) 1.75 1.75 2 2 2 2.25
Balance of Trade (USD Million) 1064.90 1125 645 396 480 135
Current Account (USD Million) 1632.47 4350 4390 4480 4600 5000
Current Account to GDP (%) 10.60 7.3 7.3 7.3 7.3 6.5
Government Debt to GDP (%) 41.80 45 45 45 45 46
Government Budget (% of GDP) -2.70 -2.9 -2.9 -2.9 -2.9 -2.9
Business Confidence (Index Points) 49.50 50.1 50.8 51.3 51.6 52
Consumer Confidence (Index Points) 79.40 83.4 83.6 83.7 83.6 82.9
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 2020
GDP Growth Rate (%) 0.00 1.3 1 0.9 1.1 0.8
GDP Annual Growth Rate (%) 3.30 3.8 4.2 3.9 4 3
GDP (USD Billion) 455.22 494 494 494 494 510
GDP Constant Prices (THB Million) 2658895.00 2685479 2715192 2710743 2765251 2848208
Gross National Product (THB Billion) 2584939.00 2838753 2678843 2635345 2688337 2768987
Gross Fixed Capital Formation (THB Million) 631535.00 645207 641286 643850 656796 676500
GDP per capita (USD) 6125.70 6445 6445 6445 6445 6445
GDP per capita PPP (USD) 16277.70 17012 17012 17012 17012 16200
GDP From Agriculture (THB Million) 135132.00 136849 151863 137767 140537 144753
GDP From Construction (THB Million) 73948.00 76511 75000 76832 76906 79213
GDP From Manufacturing (THB Million) 726029.00 733582 736871 740187 755070 777722
GDP From Mining (THB Million) 56321.00 61272 61131 58518 58574 60331
GDP From Public Administration (THB Million) 125425.00 132385 131797 130317 130442 134355
GDP From Transport (THB Million) 281644.00 279649 284796 287136 292910 301697
GDP From Utilities (THB Million) 85020.00 84365 85380 86678 88421 91073
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 0.90 1 1 1.1 1.1 1.1
Employed Persons (Thousand ) 37865.50 38200 37900 38700 39100 39500
Unemployed Persons (Thousand ) 349.40 407 391 413 425 437
Job Vacancies 24840.00 35000 31000 29000 37000 42000
Wages (THB/Month) 14075.55 13680 13790 13940 14200 14700
Wages in Manufacturing (THB/Month) 12780.75 12700 12500 12900 13400 13700
Minimum Wages (THB/Day) 325.00 334 334 334 334 345
Population (Million) 66.19 66.9 66.9 66.9 66.9 68
Productivity (Index Points) 112.43 126 115 112 128 131
Labour Costs (Index Points) 96.02 89 92 88 83 81
Youth Unemployment Rate (%) 4.50 4.5 4.5 4.5 4.5 4.8
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.36 0.6 0.8 1.2 1.2 2.2
Inflation Rate Mom (%) -0.65 0.1 -0.2 -0.3 0.2 0.1
Consumer Price Index CPI (Index Points) 101.73 102 103 104 103 105
Core Consumer Prices (Index Points) 102.30 102 103 103 103 104
Core Inflation Rate (%) 0.68 0.7 0.8 0.8 0.9 1
GDP Deflator (Index Points) 159.99 148 152 158 155 158
Producer Prices (Index Points) 101.00 103 105 105 105 107
Export Prices (Index Points) 106.49 108 108 109 109 110
Import Prices (Index Points) 97.95 104 105 107 107 109
Food Inflation (%) 0.90 0.5 1 1.4 1.8 2.8
Producer Prices Change (%) -0.49 1.5 2.1 2 2.2 2.1
CPI Housing Utilities (Index Points) 100.39 101 101 102 102 104
CPI Transportation (Index Points) 100.90 102 104 106 102 104
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 1.75 2 2 2 2.25
Interbank Rate (%) 1.87 1.86 1.86 1.86 1.86 1.86
Money Supply M0 (THB Million) 1420424.00 1395000 1391000 1399000 1425000 1477000
Money Supply M1 (THB Billion) 1994.90 2070 2055 2090 2160 2300
Money Supply M3 (THB Billion) 19837.28 19900 20200 20550 20800 21700
Foreign Exchange Reserves (USD Million) 205658.07 203900 203300 202800 202200 202300
Banks Balance Sheet (THB Million) 18745339.00 19070000 19100000 19140000 19200000 19700000
Loans to Private Sector (THB Million) 4117881.00 4039000 4041000 4042000 4048000 4056000
Deposit Interest Rate (%) 1.29 1.29 1.54 1.54 1.54 2
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 1064.90 1125 645 396 480 135
Current Account (USD Million) 1632.47 4350 4390 4480 4600 5000
Current Account to GDP (%) 10.60 7.3 7.3 7.3 7.3 6.5
Imports (USD Million) 18316.40 18600 19700 20607 20800 21310
Exports (USD Million) 19381.40 20850 20990 21400 21600 22000
External Debt (USD Million) 158129.39 132500 152800 153400 154000 156000
Terms of Trade (Index Points) 108.72 104 103 102 102 101
Tourist Arrivals 3177569.00 3300000 3250000 3190000 3230000 3330000
Gold Reserves (Tonnes) 154.00 154 154 154 154 154
Remittances (THB Billion) 11796.00 11900 12150 12275 12850 14000
Crude Oil Production (BBL/D/1K) 225.00 244 239 236 237 250
Foreign Direct Investment (THB Million) 25429.86 21300 34500 41000 36400 24000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 41.80 45 45 45 45 46
Government Budget (% of GDP) -2.70 -2.9 -2.9 -2.9 -2.9 -2.9
Government Budget Value (THB Million) 111540.00 7800 10900 11300 -1000 35000
Government Spending (THB Million) 386188.00 406166 403360 401249 401636 413685
Government Revenues (THB Million) 200015.00 211800 218100 208900 200000 241000
Fiscal Expenditure (THB Million) 197962.00 204000 207200 197600 201000 206000
Military Expenditure (USD Million) 6075.70 6151 6151 6151 6151 6198
Taxes Actual Q1 Q2 Q3 Q4 2020
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 2020
Business Confidence (Index Points) 49.50 50.1 50.8 51.3 51.6 52
Industrial Production (%) 0.98 3.1 3.5 3.2 3.4 3.1
Industrial Production Mom (%) 2.10 0.9 1.3 -0.1 0.8 0.6
Capacity Utilization (Index Points) 70.77 69.5 69.3 69 68.6 67.1
Changes in Inventories (THB Million) 97508.00 9600 -10920 -2500 18700 29400
Car Registrations 36288.00 33900 40200 40900 39500 37200
Leading Economic Index (Index Points) 153.19 152 152 153 154 159
Total Vehicle Sales 94614.00 85400 86600 87300 88000 91000
Manufacturing Pmi 50.30 50.4 50.5 50.7 50.9 51.1
Cement Production (Thousands of Ton ) 3102.57 3190 3450 3580 3700 3800
Car Production 183191.00 167000 181000 189000 171000 180000
Coincident Index (Index Points) 129.95 129 129 132 135 145
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 79.40 83.4 83.6 83.7 83.6 82.9
Retail Sales YoY (%) 20.70 8.8 8.9 9.3 9.2 5.1
Consumer Spending (THB Million) 1365170.00 1353213 1380215 1391791 1419777 1462370
Disposable Personal Income (THB Million) 7931560.00 8330000 8330000 8330000 8330000 8590000
Personal Savings (%) 10.20 8.4 8.4 8.4 8.4 8.7
Bank Lending Rate (%) 7.00 7 7 7 7 7
Personal Spending (%) -0.50 1.2 0.6 0.8 1 1.3
Consumer Credit (THB Million) 4358230.00 4370000 4400000 4450000 4490000 4610000
Gasoline Prices (USD/Liter) 1.10 1.1 1.08 1.05 1.03 1.03
Households Debt To GDP (% of GDP) 68.10 68.2 67.8 67.6 67.5 76.8
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index points) 139.10 138 139 139 140 140
Housing Starts (units) 6462.00 8220 8400 8310 8290 8500


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.