Thailand Current Account Balance: % of GDP

1993 - 2024 | Quarterly | % | CEIC Data

Key information about Thailand Current Account Balance: % of GDP

  • Thailand Current Account surplus accounted for 2.2 % of the country's Nominal GDP in Mar 2024, compared with a 1.5 % surplus in the previous quarter.
  • Thailand Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Mar 2024, with an average value of 2.5 %.
  • 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 1.1 USD bn in Mar 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 Mar 2024 in the chart:

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Thailand Current Account Balance: % of GDP
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Thailand Current Account Balance: % of GDP

What was Thailand's Current Account Balance: % of GDP in Mar 2024?

Thailand Current Account surplus accounted for 2.2 % of the country's Nominal GDP in Mar 2024, compared with a 1.5 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.2 Mar 2024 1.5 Dec 2023 -11.9 Jun 2005 15.8 Mar 1998 % quarterly Mar 1993 - Mar 2024

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 (%) -2.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -0.6 Mar 2024 quarterly Sep 1999 - Mar 2024
Cambodia (%) -1.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Canada (%) -0.2 Dec 2023 quarterly Mar 1957 - Dec 2023
Chile (%) -0.1 Mar 2024 quarterly Mar 1996 - Mar 2024
China (%) 1.0 Mar 2024 quarterly Mar 1998 - Mar 2024
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 (%) 7.7 Mar 2024 quarterly Mar 1990 - Mar 2024
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 (%) -2.2 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 6,361.5 Mar 2024 monthly Jan 1980 - Mar 2024
Kosovo (%) -15.4 Dec 2023 quarterly Mar 2010 - Dec 2023
Kuwait (%) 32.9 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 (%) 3.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Malta (%) 0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Mauritius (%) -3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mexico (%) -2.7 Mar 2024 quarterly Mar 1993 - Mar 2024
Moldova (%) -11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) -5.8 Mar 2024 quarterly Mar 2000 - Mar 2024
Montenegro (%) -24.6 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 (%) 1.0 Mar 2024 quarterly Mar 1990 - Mar 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 1.3 Mar 2024 quarterly Mar 2000 - Mar 2024
Portugal (%) -0.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) 17.3 Sep 2023 quarterly Mar 2011 - Sep 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 (%) 21.6 Mar 2024 quarterly Mar 1986 - Mar 2024
Slovakia (%) -3.6 Dec 2023 quarterly Mar 1997 - Dec 2023
Slovenia (%) 5.3 Mar 2024 quarterly Mar 1995 - Mar 2024
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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Thailand Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 Mar 2024 quarterly Sep 2002 - Mar 2024
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 (%) 56.0 Mar 2024 quarterly Dec 1997 - Mar 2024
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) -1,641.7 Apr 2024 monthly Jan 1957 - Apr 2024
Total Exports (USD mn) 23,278.6 Apr 2024 monthly Oct 1990 - Apr 2024
Total Exports Growth (%) 12.7 Apr 2024 monthly Oct 1991 - Apr 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) 24,920.3 Apr 2024 monthly Jan 1991 - Apr 2024
Total Imports Growth (%) 14.2 Apr 2024 monthly Jan 1992 - Apr 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) 4,088.785 Apr 2024 monthly Jan 1971 - Apr 2024
Total Imports from USA (USD mn) 1,546.791 Apr 2024 monthly Jan 1971 - Apr 2024
Total Exports to China (USD mn) 3,439.957 Apr 2024 monthly Sep 1978 - Apr 2024
Total Imports from China (USD mn) 6,352.546 Apr 2024 monthly Apr 1974 - Apr 2024
MoC: Exports: Custom Basis (THB mn) 834,018.290 Apr 2024 monthly Oct 1990 - Apr 2024
MoC: Imports: Custom Basis (THB mn) 903,193.990 Apr 2024 monthly Jan 1991 - Apr 2024
MoC: Trade Balance: Custom Basis (THB mn) -69,175.699 Apr 2024 monthly Jan 1991 - Apr 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 (%) 2.2 Mar 2024 quarterly Mar 1993 - Mar 2024
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
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -163.140 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: Financial & Insurance Activities (THB mn) -31,607.400 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 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 (%) 86.9 Dec 2023 quarterly Mar 2003 - Dec 2023
Non-Performing Loans (USD mn) 13,930.543 Mar 2024 quarterly Mar 1998 - Mar 2024
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) 197,210.3 Apr 2024 monthly Jan 1993 - Apr 2024
Foreign Exchange Reserves: Months of Import (NA) 7.9 Apr 2024 monthly Jan 1991 - Apr 2024
Gold Reserves (USD mn) 17,237.260 Apr 2024 monthly Dec 1956 - Apr 2024
Total Deposits (USD mn) 481,396.227 Mar 2024 monthly Dec 2000 - Mar 2024
Total Deposits Growth (%) 1.3 Mar 2024 monthly Dec 2001 - Mar 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) 478,060.066 Mar 2024 monthly Jan 2007 - Mar 2024
Total Loans Growth (%) -2.70 Mar 2024 monthly Jan 2008 - Mar 2024
Private Debt: % of Nominal GDP (%) 171.52 Mar 2024 quarterly Mar 2011 - Mar 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,860,107.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Narrow Money (NM) (THB mn) 3,137,656.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Quasi Money (THB mn) 22,722,451.000 Mar 2024 monthly Jan 1997 - Mar 2024
Credit: Outs: CB: Individuals (THB mn) 6,340,858.000 Mar 2024 monthly Jan 2004 - Mar 2024
Credit: Outs: CB: Businesses (THB mn) 7,080,783.000 Mar 2024 monthly Jan 2004 - Mar 2024
Deposit: Outs: CB: Businesses (THB mn) 5,508,295.000 Mar 2024 monthly Oct 2003 - Mar 2024
Deposit: Outs: CB: Individuals (THB mn) 8,958,767.000 Mar 2024 monthly Oct 2003 - Mar 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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