Markets Actual Q2 Q3 Q4 Q1 2022
Currency 31.45 31.51 31.62 31.74 31.86 32.1
Stock Market (points) 971.19 952 934 916 899 864
Government Bond 10Y (%) 1.65 1.72 1.76 1.8 1.84 1.92

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.20 0.9 1.3 1.5 1.5 1.5
GDP Annual Growth Rate (%) -2.60 5.5 3.5 2.5 3 4.5
Unemployment Rate (%) 1.50 1.5 1.5 1.4 1.3 1
Inflation Rate (%) 2.44 3.2 2.7 1.6 2.2 2
Inflation Rate Mom (%) 1.38 0.3 0.5 0.5 0.5 0.5
Interest Rate (%) 0.50 0.5 0.5 0.75 1 1.5
Balance of Trade (USD Million) 180.00 500 3000 690 690 2700
Current Account (USD Million) -1300.00 2000 3000 3500 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 57 56 56
Government Budget (% of GDP) -1.90 -5 -5 -5 -1.5 -1.5
Business Confidence (points) 43.00 50 52 51 51 55
Consumer Confidence (points) 44.70 51 55 60 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.20 0.9 1.3 1.5 1.5 1.5
GDP Annual Growth Rate (%) -2.60 5.5 3.5 2.5 3 4.5
GDP (USD Billion) 543.65 546 546 546 549 549
GDP Constant Prices (THB Million) 2717499.00 2550122 2657538 2666510 2679517 2786503
Gross National Product (THB Billion) 2771187.00 2531382 2601989 2815727 2829463 2942435
Gross Fixed Capital Formation (THB Million) 656869.00 634426 658806 643984 647125 672963
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) 169822.00 162781 127623 208868 209887 218267
GDP From Construction (THB Million) 79515.00 82957 82618 73892 74253 77217
GDP From Manufacturing (THB Million) 741338.00 658341 707297 720996 724513 753441
GDP From Mining (THB Million) 55957.00 53308 55049 52663 52920 55033
GDP From Public Administration (THB Million) 135185.00 141967 138425 138327 139002 144552
GDP From Transport (THB Million) 153642.00 120016 142940 150776 151512 157561
GDP From Utilities (THB Million) 73807.00 80929 71148 60103 60396 62808

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 1.50 1.5 1.5 1.4 1.3 1
Employed Persons (Thousand ) 38761.58 37400 37600 37700 38000 38000
Unemployed Persons (Thousand ) 589.66 500 500 450 400 400
Job Vacancies 33475.00 35000 35000 40000 40000 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) 336.00 336 336 336 345 345
Population (Million) 66.65 66.77 66.77 66.77 66.93 66.93
Labour Costs (points) 102.30 81 81 81 81 81
Productivity (points) 118.99 115 115 120 120 120
Youth Unemployment Rate (%) 8.00 6 5.5 5.5 5.5 5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.44 3.2 2.7 1.6 2.2 2
Inflation Rate Mom (%) 1.38 0.3 0.5 0.5 0.5 0.5
Consumer Price Index CPI (points) 99.55 102 102 101 101 103
Core Consumer Prices (points) 100.45 101 101 102 102 103
Core Inflation Rate (%) 0.49 0.9 0.9 1.2 1.7 1
Producer Prices (points) 101.60 99.47 100 108 103 105
Food Inflation (%) 0.13 1 1.5 2 1.5 2.5
Producer Prices Change (%) 5.83 3.8 4.1 4.5 2.5 2.5
CPI Housing Utilities (points) 95.22 102 103 102 97.29 104
CPI Transportation (points) 101.89 99.55 99.13 99.72 103 102

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.50 0.5 0.5 0.75 1 1.5
Interbank Rate (%) 0.63 0.63 0.63 0.88 1.13 1.38
Banks Balance Sheet (THB Million) 22156489.00 22617381 23124786 23632191 24139596 25661811
Foreign Exchange Reserves (USD Million) 251784.34 263842 271286 278730 286174 308507
Loans to Private Sector (THB Million) 4541470.00 4684419 4588342 4621707 4632361 4829683
Deposit Interest Rate (%) 0.62 0.62 0.62 0.87 1.12 1.37
Central Bank Balance Sheet (THB Million) 8936773.00 8962079 9042876 9123673 9219732 9446860

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 180.00 500 3000 690 690 2700
Current Account (USD Million) -1300.00 2000 3000 3500 3900 4680
Current Account to GDP (% of GDP) 4.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 21246.79 20500 20500 21700 22000 22700
Exports (USD Million) 21429.27 23500 24500 23400 25400 25400
External Debt (USD Million) 190009.70 161500 159000 159000 155000 156000
Tourist Arrivals 8529.00 300000 800000 1000000 1000000 2000000
Gold Reserves (Tonnes) 197.51 154 154 154 154 154
Remittances (THB Billion) 15803.00 11000 13000 13000 14000 14000
Crude Oil Production (BBL/D/1K) 187.00 220 230 230 250 250
Foreign Direct Investment (THB Million) -16240.47 -5500 -3500 10000 15000 30000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 50.50 57 57 57 56 56
Government Budget (% of GDP) -1.90 -5 -5 -5 -1.5 -1.5
Government Budget Value (THB Million) 10137.00 -15759 -22340 35000 31933 35212
Government Spending (THB Million) 401695.00 425383 425001 412797 414811 431373
Government Revenues (THB Million) 176674.00 203305 213305 230020 235000 235212
Fiscal Expenditure (THB Million) 193699.00 225645 204588 198087 200000 200000
Military Expenditure (USD Million) 7362.00 6300 6300 6300 6300 6300

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 43.00 50 52 51 51 55
Industrial Production (%) 18.46 8.5 6.5 5 2.5 3.5
Industrial Production Mom (%) -0.10 0.8 0.6 0.6 0.3 1
Capacity Utilization (points) 64.80 64 65 65 65 67
Changes in Inventories (THB Million) 124568.00 -35000 -80000 25000 80000 29000
Car Registrations 47028.00 35100 35200 35200 35000 39200
Leading Economic Index (points) 158.98 172 173 174 176 178
Manufacturing PMI (points) 47.80 49 53 52 52 51
Private Investment (%) -3.10 2.5 1.5 1.5 1.1 1
Total Vehicle Sales (Units) 58132.00 91000 85000 95000 95000 95000
Cement Production (Thousands of Ton ) 3890.90 3300 3800 3800 3800 3800
Car Production 162515.00 182829 185221 205367 200000 25000
Coincident Index (points) 127.80 127 129 132 132 135

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 44.70 51 55 60 65 70
Retail Sales YoY (%) 15.10 6.5 4.5 6.1 4.5 6.1
Consumer Spending (THB Million) 1429009.00 1393727 1464618 1474157 1481348 1540494
Disposable Personal Income (THB Million) 9171848.00 9676300 9492863 9401144 9447003 9824196
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6 6 6.25 6.5 6.75
Households Debt To GDP (% of GDP) 77.80 75 75 75 77 77
Personal Spending (%) -4.30 1.3 1.3 1.3 1.3 1.3
Consumer Credit (THB Million) 5096621.00 5149892 5136324 5204586 5229974 5438793
Gasoline Prices (USD/Liter) 1.10 0.91 0.87 0.91 0.78 0.74

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 152.20 158 161 165 168 170
Housing Starts (units) 10514.00 7900 8100 9000 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.