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Economic Overview

Economic Overview

Economic Overview

In its June 2019 Monetary Policy Report, Thai economy was projected to expand slowly. Key economic drivers occurred from domestic demand, improvements in private spending including consumption and investment, thanks to a more broad-based increase in employment and support from greater clarity on public investment projects, especially investment on transportation infrastructure.

Projection for Growth and Inflation

Percentage Per Year 2018* 2019 2020
GDP Growth 4.1 3.3 3.7
- (3.8) (3.9)
Headline Inflation 1.1 1.0 1.0
- (1.0) (1.1)
Core Inflation 0.7 0.7 0.9
- (0.8) (0.9)
Note : * Actual outturn

( ) Monetary Policy Report of March 2019

More information from the June 2019 Monetary Policy Report can be found at https://www.bot.or.th/English/MonetaryPolicy/MonetPolicyComittee/MPR/Pages/default.aspx.

Source: Bank of Thailand

Monthly Economic Report

The Finance Ministry’s Fiscal Policy Office (FPO) produces a series of reports on the Thai economy. In its April 2019 Fiscal Policy Report, the FPO reported that the Thai economy in the year 2019 is expected to continue to grow at 3.8 percent (with a forecast range of 3.3 - 4.3 percent), slightly slowing down from the previous year which expanded by 4.1 percent due the slowdown in trading partner economies.

Monthly Economic Report (2019)


Growth Rate (% YOY) 2017 2018 2019f
Real GDP 4.0 4.1 3.8
Private Consumption 3.0 4.6 4.2
Private Investment 2.9 3.9 4.1

Additional detail from the latest month’s Fiscal Policy Report can be found by visiting: http://www.fpo.go.th/main/Economic-report/Thailand-Economic-Projections/10795.aspx

Source: Fiscal Policy Office Last updated: July 31,2019

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