Thailand Current Account Balance: % of GDP
Key information about Thailand Current Account Balance: % of GDP
- Thailand Current Account surplus accounted for 1.5 % of the country's Nominal GDP in Dec 2023, compared with a 2.1 % surplus in the previous quarter.
- Thailand Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Dec 2023, with an average value of 2.6 %.
- The data reached an all-time high of 15.8 % in Mar 1998 and a record low of -11.9 % in Jun 2005.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of Thailand provides Current Account Balance in local currency based on BPM6. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Current Account Balance prior to Q1 2005 is based on BPM5.
Key information about Thailand Current Account Balance: % of GDP
- In the latest reports of Thailand, Current Account recorded a surplus of 2.0 USD bn in Feb 2024.
- Thailand Direct Investment Abroad expanded by 1.5 USD bn in Dec 2023.
- Its Foreign Portfolio Investment fell by 1.1 USD bn in Dec 2023.
- The country's Nominal GDP was reported at 132.0 USD bn in Mar 2023.
View Thailand's Current Account Balance: % of GDP from Mar 1993 to Dec 2023 in the chart:
What was Thailand's Current Account Balance: % of GDP in Dec 2023?
Thailand Current Account surplus accounted for 1.5 % of the country's Nominal GDP in Dec 2023, compared with a 2.1 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
1.5 Dec 2023 | 2.1 Sep 2023 | -11.9 Jun 2005 | 15.8 Mar 1998 | % | quarterly | Mar 1993 - Dec 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Brazil (%) | -2.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.6 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -3.0 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.0 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | 5,458.700 Mar 2024 | monthly | Oct 2001 - Mar 2024 |
Tax Revenue (USD mn) | 67,893.852 2022 | yearly | 1984 - 2022 |
Tax Revenue: % of GDP (%) | 13.4 2022 | yearly | 1990 - 2022 |
National Government Debt (USD mn) | 277,807.4 Mar 2024 | monthly | Oct 1997 - Mar 2024 |
Government Debt: % of GDP (%) | 54.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Forecast: Government Expenditure (THB bn) | 5,065.690 2028 | yearly | 1995 - 2028 |
Forecast: Government Net Debt (THB bn) | 13,689.050 2028 | yearly | 1996 - 2028 |
Forecast: Government Revenue (THB bn) | 4,525.300 2028 | yearly | 1995 - 2028 |
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) | 68,616.81 Jun 2018 | monthly | Oct 1989 - Jun 2018 |
Govt Revenue: Gross: Excise Dept (THB mn) | 47,541.47 Jun 2018 | monthly | Oct 1989 - Jun 2018 |
Total Public Debt as % of GDP (%) | 63.370 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.640 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,163.3 Mar 2024 | monthly | Jan 1957 - Mar 2024 |
Total Exports (USD mn) | 24,960.6 Mar 2024 | monthly | Oct 1990 - Mar 2024 |
Total Exports Growth (%) | -6.6 Mar 2024 | monthly | Oct 1991 - Mar 2024 |
Aluminum: Exports (USD th) | 1,568,630.600 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 435,513.625 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 196,247.335 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 26,123.8 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Total Imports Growth (%) | 10.7 Mar 2024 | monthly | Jan 1992 - Mar 2024 |
Imports: Medicament (USD th) | 1,843,219.521 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 1,586,101.179 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 4,635.400 Mar 2024 | monthly | Jan 1971 - Mar 2024 |
Total Imports from USA (USD mn) | 1,694.729 Mar 2024 | monthly | Jan 1971 - Mar 2024 |
Total Exports to China (USD mn) | 2,794.508 Mar 2024 | monthly | Sep 1978 - Mar 2024 |
Total Imports from China (USD mn) | 5,631.694 Feb 2024 | monthly | Apr 1974 - Feb 2024 |
MoC: Imports: Custom Basis (THB mn) | 944,827.893 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
MoC: Trade Balance: Custom Basis (THB mn) | -52,538.072 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
MoC: Exports: Custom Basis (THB mn) | 892,289.821 Mar 2024 | monthly | Oct 1990 - Mar 2024 |
Imports Volume: Liquefied Natural Gas (Cub ft mn) | 48,436.350 Mar 2024 | monthly | Jan 2010 - Mar 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 1,549.2 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Current Account Balance (USD mn) | 1,082.1 Mar 2024 | monthly | Jan 1985 - Mar 2024 |
Current Account Balance: % of GDP (%) | 1.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Direct Investment (USD mn) | -517.0 Jul 2020 | monthly | Jan 2005 - Jul 2020 |
Foreign Direct Investment: % of GDP (%) | -0.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Portfolio Investment (USD mn) | -1,146.350 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | -0.9 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -741.7 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -404.680 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
External Debt (USD mn) | 193,212.3 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
External Debt: % of GDP (%) | 38.4 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
External Debt: Short Term (USD mn) | 79,224.7 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
External Debt: Short Term: % of GDP (%) | 15.4 2023 | yearly | 1980 - 2023 |
Forecast: Current Account Balance (USD bn) | 22.379 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | 42,907.160 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
BOP: USD: Current Account Balance (USD mn) | 1,082.130 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) | 139.20 Jun 2018 | monthly | Jan 2010 - Jun 2018 |
FDI: Financial & Insurance Activities (THB mn) | -31,607.400 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
FDI: Manufacturing (THB mn) | 10,477.880 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
FDI: Mining & Quarrying (THB mn) | 3,484.020 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
FDI: Construction (THB mn) | -762.270 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) | -163.140 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.0 Dec 2019 | quarterly | Mar 1998 - Dec 2019 |
Household Debt: % of GDP (%) | 86.6 Sep 2023 | quarterly | Mar 2003 - Sep 2023 |
Non-Performing Loans (USD mn) | 14,347.394 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Money Supply M1 (USD mn) | 86,412.999 Mar 2024 | monthly | Dec 1975 - Mar 2024 |
Money Supply M2 (USD mn) | 712,203.443 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
M2 Growth (%) | 2.5 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
Reserve Requirement Ratio (%) | 1.0 Apr 2024 | monthly | Sep 1997 - Apr 2024 |
Foreign Exchange Reserves (USD mn) | 199,906.3 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 7.7 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Gold Reserves (USD mn) | 16,837.550 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
Total Deposits (USD mn) | 485,015.095 Feb 2024 | monthly | Dec 2000 - Feb 2024 |
Total Deposits Growth (%) | 1.3 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
Domestic Credit (USD mn) | 734,126.5 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
Domestic Credit Growth (%) | 3.5 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
Debt Service Ratio: Private Non-Financial Sector (%) | 15.000 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 448.346 Sep 2023 | quarterly | Dec 1991 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 869.949 Sep 2023 | quarterly | Mar 1957 - Sep 2023 |
Household Debt (USD mn) | 436,311.8 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
Total Loans (USD mn) | 486,726.256 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Total Loans Growth (%) | -2.14 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 171.50 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Monetary Aggregates (MA): Broad Money (THB mn) | 25,860,107.000 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
MA: Quasi Money (THB mn) | 22,722,451.000 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
MA: Narrow Money (NM) (THB mn) | 3,137,656.000 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Credit: Outs: CB: Individuals (THB mn) | 6,349,659.000 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
Credit: Outs: CB: Businesses (THB mn) | 7,043,904.000 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
Deposit: Outs: CB: Businesses (THB mn) | 5,399,025.000 Feb 2024 | monthly | Oct 2003 - Feb 2024 |
Deposit: Outs: CB: Individuals (THB mn) | 8,995,763.000 Feb 2024 | monthly | Oct 2003 - Feb 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Global Competitiveness Index (Score) | 68.112 2019 | yearly | 2017 - 2019 |
Business Confidence Growth (% Point) | -5.6 Apr 2024 | monthly | Feb 2000 - Apr 2024 |
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) | 150.37 Jun 2018 | monthly | Jan 1993 - Jun 2018 |
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