Chat
x
Contact Us
Get in Touch with Us!
e-Services
Get more information
FAQ
Find answers quickly
toggle menu
Contact Us
Get in Touch with Us!
e-Services
Get more information
FAQ
Find answers quickly
toggle menu

Economic Overview

Economic Overview

Economic Overview

In its June 2020 Monetary Policy Report, the Thai economy was expected to contract 8.1 percent in 2020 but would recover and expand 5.0 percent in 2021. Such severe contraction would be observed across almost all economic growth components, except public expenditure. This was due to a more-severe-than expected COVID-19 pandemic and the containment measures implemented by governments in many countries including Thailand.

Projection for Growth and Inflation

Percentage Per Year 2019* 2020 2021
GDP Growth 2.4 -8.1 5.0
- (-5.3) (3.0)
Headline Inflation 0.7 -1.7 0.9
- (-1.0) (0.3)
Core Inflation 0.5 0.0 0.1
- (-0.1) (0.1)
Note : * Actual outturn

( ) Monetary Policy Report of March 2020

More information from the June 2020 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 January 2020 Fiscal Policy Report, the FPO reported that the Thai economy in the year 2020 is expected to grow at 2.8 percent, increasing from the previous year which expanded by 2.5 percent.

Monthly Economic Report (2020)


Growth Rate (% YOY) 2018 2019f 2020f
Real GDP 4.1 2.5 2.8
Private Consumption 4.6 4.4 3.2
Private Investment 3.9 2.4 4.2

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/12470.aspx

Source: Fiscal Policy Office Last updated: July 16, 2020

ขออภัยครับ ไม่มีข้อมูลส่วนนี้ ในภาษาที่ท่านเลือก !

Sorry, There is no information support your selected language !

Download และ ติดตั้งโปรแกรมอ่าน PDF

Download PDF Reader