Markets Actual Q3 Q4 Q1 Q2 2023
Currency 36.09 35.96 36.36 36.77 37.17 38
Stock Market (points) 944.15 936 917 898 880 844
Government Bond 10Y (%) 2.77 2.93 3.07 3.23 3.39 3.73

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.10 0.5 1 1 0.9 1
GDP Annual Growth Rate (%) 2.20 3.7 3.9 3.5 3.5 4.1
Unemployment Rate (%) 1.53 2 1.9 1.7 1.7 2.2
Inflation Rate (%) 7.66 5.8 4.9 4.5 3.5 2.8
Inflation Rate Mom (%) 0.90 0 0.1 1.1 1.1 0.5
Interest Rate (%) 0.50 1 1.25 1.25 1.25 1.25
Balance of Trade (USD Million) -1870.00 2260 2260 2700 2700 2700
Current Account (USD Million) -3716.16 -1000 -14794 1100 1100 -6700
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 59 59 59 59 59
Government Budget (% of GDP) -6.10 -1.5 -1.5 -1.5 -1.5 -2
Business Confidence (points) 50.50 55 55 55 55 55
Consumer Confidence (points) 40.20 75 70 70 70 80
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 2023
GDP Growth Rate (%) 1.10 0.5 1 1 0.9 1
GDP Annual Growth Rate (%) 2.20 3.7 3.9 3.5 3.5 4.1
GDP (USD Billion) 501.79 549 549 549 549 549
GDP Constant Prices (THB Million) 2776757.00 2652632 2525511 2835145 2873943 2951386
Gross National Product (THB Billion) 2834485.00 2719870 2600443 2901996 2933692 3020977
Gross Fixed Capital Formation (THB Million) 657514.00 689756 656550 649139 680527 675754
GDP per capita (USD) 6199.19 6600 6750 6750 6750 6750
GDP per capita PPP (USD) 17286.87 18100 18900 18900 18900 18900
GDP From Agriculture (THB Million) 176435.00 164396 131407 209445 182610 218032
GDP From Construction (THB Million) 74736.00 91264 82471 62036 77352 64579
GDP From Manufacturing (THB Million) 755348.00 739460 675154 786223 781785 818458
GDP From Mining (THB Million) 43499.00 54548 46559 47123 45021 49055
GDP From Public Administration (THB Million) 130047.00 140548 144757 137918 134599 143573
GDP From Transport (THB Million) 155817.00 132825 137393 155697 161271 162081
GDP From Utilities (THB Million) 75522.00 81198 69928 62522 78165 65085

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 1.53 2 1.9 1.7 1.7 2.2
Employed Persons (Thousand ) 38715.60 38000 38000 38000 38000 38000
Unemployed Persons (Thousand ) 610.00 400 400 400 400 350
Job Vacancies 44977.00 40000 40000 40000 40000 38000
Wages (THB/Month) 6655.18 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13784.60 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 336.00 345 345 345 345 345
Population (Million) 66.65 66.93 66.93 66.93 66.93 67.03
Labour Costs (points) 91.06 81 81 81 81 81
Productivity (points) 121.31 120 120 120 120 120
Youth Unemployment Rate (%) 8.00 5.5 5 5 5 5

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.66 5.8 4.9 4.5 3.5 2.8
Inflation Rate Mom (%) 0.90 0 0.1 1.1 1.1 0.5
Consumer Price Index CPI (points) 107.58 107 107 110 111 110
Core Consumer Prices (points) 102.99 102 102 103 104 103
Core Inflation Rate (%) 2.51 1.1 1 1 1 1
Producer Prices (points) 116.20 110 109 115 120 112
Food Inflation (%) 6.42 1.5 2.5 2.5 2.5 2.5
CPI Housing Utilities (points) 101.69 106 105 105 105 108
CPI Transportation (points) 118.09 118 118 120 121 121
Producer Prices Change (%) 13.81 6.5 3 3 3 3

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.50 1 1.25 1.25 1.25 1.25
Interbank Rate (%) 0.72 1.22 1.47 1.47 1.47 1.47
Foreign Exchange Reserves (USD Million) 229997.87 286174 308507 308507 308507 338524
Banks Balance Sheet (THB Million) 23193436.00 24139596 25661811 25661811 25661811 27169216
Loans to Private Sector (THB Million) 4817875.00 4790755 4825216 4978367 4972883 5182481
Deposit Interest Rate (%) 0.41 0.41 0.91 1.16 1.16 1.16
Central Bank Balance Sheet (THB Million) 9364538.00 9219732 9446860 9446860 9446860 9771910

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -1870.00 2260 2260 2700 2700 2700
Current Account (USD Million) -3716.16 -1000 -14794 1100 1100 -6700
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 27400.00 22000 22700 22700 22700 22700
Exports (USD Million) 25500.00 25400 25400 25400 25400 25400
External Debt (USD Million) 199643.90 155000 155000 155000 155000 156000
Tourist Arrivals 521410.00 1000000 2000000 2000000 2000000 3000000
Gold Reserves (Tonnes) 244.16 154 154 154 154 154
Foreign Direct Investment (THB Million) 179532.79 15000 30000 30000 30000 40000
Crude Oil Production (BBL/D/1K) 147.00 235 245 245 245 245
Remittances (THB Billion) 18736.00 14000 14000 14000 14000 14000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 50.50 59 59 59 59 59
Government Budget (% of GDP) -6.10 -1.5 -1.5 -1.5 -1.5 -2
Government Budget Value (THB Million) 34090.00 35000 35000 35000 35212 35212
Government Spending (THB Million) 423878.00 427361 433293 453985 438714 472598
Government Revenues (THB Million) 204339.00 235000 235212 235212 235212 235212
Fiscal Expenditure (THB Million) 150790.00 200000 200000 200000 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q3 Q4 Q1 Q2 2023
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 2023
Business Confidence (points) 50.50 55 55 55 55 55
Industrial Production (%) -2.11 2.5 3.5 3.5 3.5 3.5
Industrial Production Mom (%) -0.30 0.3 1 1 1 1
Capacity Utilization (points) 61.88 65 67 67 67 67
Changes in Inventories (THB Million) 61311.00 80000 29000 29000 29000 29000
Car Registrations 38707.00 35000 39200 39200 39200 39200
Leading Economic Index (points) 157.94 176 178 178 178 178
Cement Production (Thousands of Ton ) 3211.60 3800 3800 3800 3800 3800
Car Production 172671.00 200000 25000 25000 25000 250000
Coincident Index (points) 128.34 133 135 135 135 137
Manufacturing PMI (points) 50.70 51 51 51 51 51
Private Investment (%) 0.60 1.5 1 1 1 1
Total Vehicle Sales (Units) 64735.00 98000 95000 95000 95000 95000

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 40.20 75 70 70 70 80
Retail Sales YoY (%) 10.69 4.5 4.5 4.5 4.5 6.1
Consumer Spending (THB Million) 1478574.00 1458876 1421008 1482940 1530324 1543740
Disposable Personal Income (THB Million) 9309347.00 9774814 9653793 9672412 9635174 10068980
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6.5 6.75 6.75 6.75
Gasoline Prices (USD/Liter) 1.39 1.44 1.49 1.55 1.6 1.6
Households Debt To GDP (% of GDP) 90.20 77 77 77 77 77
Consumer Credit (THB Million) 5264369.00 5415231 5362197 5471572 5448622 5695907
Personal Spending (%) 0.60 1.3 1.3 1.3 1.3 1.3

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 150.70 155 157 160 160 165
Housing Starts (units) 7619.00 8500 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 Wednesday, July 6, 2022.