Markets Actual Q4 Q1 Q2 Q3 2023
Currency 35.53 36.13 36.59 37.06 37.53 38.5
Stock Market (points) 979.53 964 946 928 910 876
Government Bond 10Y (%) 2.55 2.71 2.89 3.07 3.27 3.7

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.20 1 1 0.9 0.3 1
GDP Annual Growth Rate (%) 4.50 3.4 2.8 2.6 3.4 3.8
Unemployment Rate (%) 1.37 1.9 1.7 1.7 1.7 2.2
Inflation Rate (%) 5.98 5.8 5.5 4.5 3 2.8
Inflation Rate MoM (%) 0.33 0.1 0.3 0.2 0.4 0.5
Interest Rate (%) 1.00 1.5 2 2.25 2 2
Balance of Trade (USD Million) -596.00 -7300 -3600 -5200 -4200 -5000
Current Account (USD Million) 623.29 -520 1100 -830 1300 -1700
Current Account to GDP (% of GDP) -2.20 4.5 4.5 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 59.61 59 59 59 59 59
Government Budget (% of GDP) -4.90 -1.5 -1.5 -1.5 -1.5 -2
Business Confidence (points) 47.80 49.5 51 51 52 50
Consumer Confidence (points) 46.10 47 46 45 49.3 50
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.20 1 1 0.9 0.3 1
GDP Annual Growth Rate (%) 4.50 3.4 2.8 2.6 3.4 3.8
GDP (USD Billion) 505.98 549 549 549 549 549
GDP Constant Prices (THB Million) 2628579.00 2821502 2854506 2723241 2717951 2928719
Gross National Product (THB Billion) 2628579.00 2888030 2913851 2723204 2717951 2997775
Gross Fixed Capital Formation (THB Million) 664320.00 646015 675924 662570 686907 670564
GDP per Capita (USD) 6270.43 6750 6750 6750 6750 6750
GDP per Capita PPP (USD) 17485.51 18900 18900 18900 18900 18900
Full Year GDP Growth (%) 1.60 3 4 4 4 4
GDP from Agriculture (THB Million) 123770.00 208437 182505 167779 127978 216357
GDP from Construction (THB Million) 77316.00 61737 76829 83939 79945 64083
GDP from Manufacturing (THB Million) 691853.00 782439 776972 720865 715376 812172
GDP from Mining (THB Million) 38264.00 46896 44868 39739 39565 48678
GDP from Public Administration (THB Million) 140681.00 137254 134389 137291 145464 142470
GDP from Transport (THB Million) 145553.00 154948 159668 130908 150502 160836
GDP from Utilities (THB Million) 71348.00 62221 77644 80875 73774 64585

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 1.37 1.9 1.7 1.7 1.7 2.2
Employed Persons (Thousand ) 39010.92 38000 38000 38000 38000 38000
Unemployed Persons (Thousand ) 546.59 400 400 400 400 350
Job Vacancies 39708.00 40000 40000 40000 40000 38000
Wages (THB/Month) 15405.18 14700 14700 14700 14700 14700
Wages in Manufacturing (THB/Month) 13784.60 13700 13700 13700 13700 13700
Minimum Wages (THB/Day) 354.00 354 372 372 372 372
Population (Million) 66.17 66.93 66.93 66.93 66.93 67.03
Youth Unemployment Rate (%) 8.00 5 5 5 5 5
Productivity (points) 112.78 120 120 120 120 120
Labour Costs (points) 106.82 81 81 81 81 81

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 5.98 5.8 5.5 4.5 3 2.8
Inflation Rate MoM (%) 0.33 0.1 0.3 0.2 0.4 0.5
Consumer Price Index CPI (points) 108.06 108 111 112 111 111
Core Consumer Prices (points) 103.78 104 105 106 106 106
Core Inflation Rate (%) 3.17 3.1 2.9 2.7 2.4 2.3
Producer Prices (points) 115.20 114 119 122 117 118
Food Inflation (%) 9.58 9.5 7.8 7.2 7.2 5.5
CPI Housing Utilities (points) 103.24 106 106 106 106 109
CPI Transportation (points) 111.28 111 112 112 112 113
Producer Prices Change (%) 9.92 8 6 5 3 3

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 1.00 1.5 2 2.25 2 2
Interbank Rate (%) 1.34 1.84 2.34 2.59 2.34 2.34
Money Supply M1 (THB Billion) 2915.30 2810 2760 2750 2510 2420
Money Supply M3 (THB Billion) 24570.17 23220 22690 22710 21980 19500
Foreign Exchange Reserves (USD Million) 201906.85 308507 308507 308507 308507 338524
Banks Balance Sheet (THB Million) 23983240.00 25661811 25661811 25661811 25661811 27169216
Loans to Private Sector (THB Million) 4827399.00 4954410 4939250 4925542 4991531 5142678
Deposit Interest Rate (%) 0.41 0.91 1.41 1.66 1.41 1.41
Money Supply M2 (THB Billion) 21654.83 21240 20860 20790 18975 18290
Repo Rate (%) 0.99 1.49 1.99 2.24 1.99 1.99
Central Bank Balance Sheet (THB Million) 8939506.00 9446860 9446860 9446860 9446860 9771910

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Million) -596.00 -7300 -3600 -5200 -4200 -5000
Current Account (USD Million) 623.29 -520 1100 -830 1300 -1700
Current Account to GDP (% of GDP) -2.20 4.5 4.5 4.5 4.5 4.5
Imports (USD Million) 25772.50 30700 28100 29700 30200 32100
Exports (USD Million) 21772.40 23400 24500 24500 26000 27100
External Debt (USD Million) 194188.50 155000 155000 155000 155000 156000
Tourist Arrivals 1309115.00 2000000 2000000 2000000 2000000 3000000
Gold Reserves (Tonnes) 244.16 154 154 154 154 154
Foreign Direct Investment (THB Million) 26611.59 30000 30000 30000 30000 40000
Crude Oil Production (BBL/D/1K) 139.00 245 245 245 245 245
Remittances (THB Billion) 20969.00 14000 14000 14000 14000 14000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 59.61 59 59 59 59 59
Government Budget (% of GDP) -4.90 -1.5 -1.5 -1.5 -1.5 -2
Government Budget Value (THB Million) 130338.00 35212 35212 35212 35212 35212
Government Spending (THB Million) 415625.00 451800 435747 430653 429756 468968
Government Revenues (THB Million) 309045.00 235212 235212 235212 235212 235212
Fiscal Expenditure (THB Million) 178707.00 200000 200000 200000 200000 200000
Military Expenditure (USD Million) 6604.50 6300 6300 6300 6300 6300

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2023
Business Confidence (points) 47.80 49.5 51 51 52 50
Industrial Production (%) 3.36 10 8.5 7.1 6.9 5.5
Industrial Production Mom (%) 2.40 0.2 0.7 0.7 1.3 0.5
Capacity Utilization (points) 63.76 67 67 67 67 67
Changes in Inventories (THB Million) 81710.00 29000 29000 29000 29000 29000
Car Registrations 30299.00 39200 39200 39200 39200 39200
Leading Economic Index (points) 157.79 178 178 178 178 178
Coincident Index (points) 123.70 124 122 121 125 137
Cement Production (Thousands of Ton ) 2824.40 3800 3800 3800 3800 3800
Car Production 179237.00 25000 25000 25000 25000 250000
Total Vehicle Sales (Units) 64618.00 95000 95000 95000 95000 95000
Private Investment (%) -0.70 1 1 1 1 1
Manufacturing PMI (points) 51.60 50.8 49.7 50 51 51.8

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 46.10 47 46 45 49.3 50
Retail Sales YoY (%) 22.01 4.5 3 6 8 6.1
Consumer Spending (THB Million) 1512172.00 1475803 1519974 1534242 1563586 1531884
Disposable Personal Income (THB Million) 9309347.00 9625865 9570009 9551390 9625865 9991648
Personal Savings (%) 10.00 11 11 11 11 11
Bank Lending Rate (%) 6.00 6.5 7 7.25 7 7
Gasoline Prices (USD/Liter) 1.12 1.16 1.21 1.25 1.3 1.4
Households Debt to GDP (% of GDP) 90.10 77 77 77 77 77
Consumer Credit (THB Million) 5372557.00 5445241 5411771 5449851 5555224 5652161
Personal Spending (%) -0.20 1.3 1.3 1.3 1.3 1.3

Housing Actual Q4 Q1 Q2 Q3 2023
Housing Index (points) 152.70 157 160 160 160 165
Housing Starts (units) 7911.00 8500 8500 8500 8500 9000