Markets Actual Q3 Q4 Q1 Q2 2022
Currency 33.86 33.57 33.71 33.85 34 34.28
Stock Market (points) 972.95 951 921 893 865 812
Government Bond 10Y (%) 1.86 1.86 1.91 1.97 2.03 2.16

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.40 -4 2.5 1 1 1.5
GDP Annual Growth Rate (%) 7.50 -1.5 2.5 3 2 3
Unemployment Rate (%) 1.90 1.95 1.85 1.8 1.7 1.5
Inflation Rate (%) -0.02 0.7 1.6 2.2 1.4 2
Inflation Rate Mom (%) -0.18 0.5 0.5 0.5 0.5 0.5
Interest Rate (%) 0.50 0.5 0.75 1 1.25 1.5
Balance of Trade (USD Million) -1215.66 4000 1700 3400 520 2700
Current Account (USD Million) -680.01 3000 3500 3900 3900 4680
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 50.50 57 57 56 56 56
Government Budget (% of GDP) -6.10 -5 -5 -1.5 -1.5 -1.5
Business Confidence (points) 40.00 52 51 51 52 55
Consumer Confidence (points) 39.60 55 60 65 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.40 -4 2.5 1 1 1.5
GDP Annual Growth Rate (%) 7.50 -1.5 2.5 3 2 3
GDP (USD Billion) 501.79 546 546 549 549 549
GDP Constant Prices (THB Million) 2525894.00 2529155 2749572 2799068 2576412 2832059
Gross National Product (THB Billion) 2590352.00 2476289 2815727 2854323 2642159 2900199
Gross Fixed Capital Formation (THB Million) 656910.00 626980 643984 676575 670048 663303
GDP per capita (USD) 6094.43 6600 6600 6600 6600 6750
GDP per capita PPP (USD) 17286.87 18100 18100 18100 18100 18900
GDP From Agriculture (THB Million) 157432.00 121457 207783 174028 160581 214016
GDP From Construction (THB Million) 87943.00 78627 62095 81900 89702 63957
GDP From Manufacturing (THB Million) 703886.00 673128 746558 765902 717964 768954
GDP From Mining (THB Million) 52018.00 52389 52676 57641 53058 54256
GDP From Public Administration (THB Million) 133855.00 131738 135873 139241 136532 139949
GDP From Transport (THB Million) 126969.00 136034 150776 158244 129508 155300
GDP From Utilities (THB Million) 77425.00 67711 60100 76037 78974 61903

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 1.90 1.95 1.85 1.8 1.7 1.5
Employed Persons (Thousand ) 37821.80 37600 37700 38000 38000 38000
Unemployed Persons (Thousand ) 731.83 500 450 400 400 400
Job Vacancies 40332.00 35000 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) 336.00 336 336 345 345 345
Population (Million) 66.65 66.77 66.77 66.93 66.93 66.93
Labour Costs (points) 94.99 81 81 81 81 81
Productivity (points) 122.29 115 120 120 120 120
Youth Unemployment Rate (%) 8.00 5.5 5.5 5.5 5.5 5

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) -0.02 0.7 1.6 2.2 1.4 2
Inflation Rate Mom (%) -0.18 0.5 0.5 0.5 0.5 0.5
Consumer Price Index CPI (points) 99.63 100 101 101 101 103
Core Consumer Prices (points) 100.43 101 102 102 102 103
Core Inflation Rate (%) 0.07 0.9 1.2 1.7 1.1 1
Producer Prices (points) 102.70 102 103 103 105 105
Food Inflation (%) -1.48 1.5 2 1.5 1.5 2.5
Producer Prices Change (%) 4.90 4.1 4.5 2.5 2.5 2.5
CPI Housing Utilities (points) 93.92 101 102 97.29 96.55 104
CPI Transportation (points) 103.98 97.2 99.72 103 104 102

Money Actual Q3 Q4 Q1 Q2 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 1.37
Banks Balance Sheet (THB Million) 22467995.00 23124786 23632191 24139596 24139596 25661811
Foreign Exchange Reserves (USD Million) 250800.00 271286 278730 286174 286174 308507
Loans to Private Sector (THB Million) 4566685.00 4366683 4621707 4697200 4653876 4760358
Deposit Interest Rate (%) 0.62 0.62 0.87 1.12 1.37 1.37
Central Bank Balance Sheet (THB Million) 9405308.00 9042876 9123673 9219732 9219732 9446860

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -1215.66 4000 1700 3400 520 2700
Current Account (USD Million) -680.01 3000 3500 3900 3900 4680
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 23191.89 20500 21700 22000 22000 22700
Exports (USD Million) 21976.23 24500 23400 25400 25400 25400
External Debt (USD Million) 186397.37 159000 159000 155000 155000 156000
Tourist Arrivals 18056.00 800000 1000000 1000000 1000000 2000000
Gold Reserves (Tonnes) 244.16 154 154 154 154 154
Remittances (THB Billion) 18817.00 13000 13000 14000 14000 14000
Crude Oil Production (BBL/D/1K) 193.00 230 230 250 250 250
Foreign Direct Investment (THB Million) 123386.47 -3500 10000 15000 15000 30000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 50.50 57 57 56 56 56
Government Budget (% of GDP) -6.10 -5 -5 -1.5 -1.5 -1.5
Government Budget Value (THB Million) -17025.00 -15759 35000 35000 31933 35212
Government Spending (THB Million) 407010.00 404470 412797 413746 415150 425181
Government Revenues (THB Million) 220788.00 213305 230020 235000 235000 235212
Fiscal Expenditure (THB Million) 230490.00 204588 198087 200000 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 40.00 52 51 51 52 55
Industrial Production (%) 5.12 6.5 5 2.5 2.5 3.5
Industrial Production Mom (%) -0.10 0.6 0.6 0.3 0.3 1
Capacity Utilization (points) 59.98 65 65 65 65 67
Changes in Inventories (THB Million) 21092.00 -80000 25000 80000 80000 29000
Car Registrations 33419.00 35200 35200 35000 35000 39200
Leading Economic Index (points) 157.00 173 174 176 176 178
Manufacturing PMI (points) 48.30 53 52 52 51 51
Private Investment (%) -3.80 1.5 1.5 1.1 1.5 1
Total Vehicle Sales (Units) 42176.00 85000 95000 95000 98000 95000
Cement Production (Thousands of Ton ) 3646.80 3800 3800 3800 3800 3800
Car Production 134245.00 185221 205367 200000 200000 25000
Coincident Index (points) 126.28 129 132 132 133 135

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 39.60 55 60 65 65 70
Retail Sales YoY (%) 14.00 4.5 6.1 4.5 4.5 6.1
Consumer Spending (THB Million) 1389406.00 1393864 1474157 1471879 1417194 1518382
Disposable Personal Income (THB Million) 9171848.00 9034270 9401144 9447003 9355285 9683179
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6.25 6.5 6.75 6.75
Households Debt To GDP (% of GDP) 78.70 75 75 77 77 77
Personal Spending (%) -5.30 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 5157363.00 4888193 5204586 5249520 5260510 5360724
Gasoline Prices (USD/Liter) 1.12 1.06 1.01 0.96 0.91 0.87

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 153.80 161 165 168 168 170
Housing Starts (units) 9122.00 8100 9000 8500 8500 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.