Thailand Economic Outlook
February 20, 2018Recently released data indicated the economy grew at the fastest rate in five years in 2017, closing the year on a strong note despite slower growth in the final quarter. Growth was supported by a strong external sector throughout the year, and in Q4 the manufacturing sector also performed admirably. The external sector’s recovery was further boosted by robust tourism activity. The manufacturing PMI for January hinted at a positive start to 2018. It marked the second consecutive month in which the PMI remained in expansionary territory, and the highest reading in nearly a year. Business confidence strengthened as improving economic conditions and activity, as well as a recovery in private consumption, fed into an optimistic outlook.
Thailand Economic GrowthThis year the economy will likely be supported by a rebound in fixed investment and government consumption ahead of elections scheduled for November. Private consumption should remain solid but will be weighed down by high levels of household debt. Export growth is expected to moderate due to a larger base effect. November’s elections could lead to social unrest and dent investor confidence. Elections have been postponed several times, leading to protests. Met the why particular panelists expect the economy to grow 3.8% in 2018, unchanged from last month’s forecast. The panel projects growth of 3.7% in 2019.
Thailand Economy Data
5 years of Thailand economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.44||0.0 %||Feb 22|
|Exchange Rate||31.56||0.17 %||Feb 22|
|Stock Market||1,789||-1.41 %||Feb 22|
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Thailand Economic News
February 21, 2018
Thailand recorded a USD 120 million deficit in January, swinging from the USD 830 million surplus registered in the same month of last year but notably above the USD 280 million deficit clocked in December 2017.
Thailand: Despite slowdown in the final quarter, the economy grew at fastest clip in 2017 in five years
February 19, 2018
The momentum in the Thai economy slowed somewhat in the final quarter of 2017.
February 15, 2018
At its 15 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for over two years.
February 1, 2018
Consumer prices in Thailand increased 0.07% over the previous month in January, contrasting a 0.08% decrease in December.
January 31, 2018
Manufacturing output expanded 2.3% annually in December, down from November’s revised 4.1% jump (previously reported: +4.3% year-on-year).