Thailand: Economy

The economy grew by 3.2% last year, inflation barely slipped back into positive territory, and the current account posted a substantial surplus. Growth is likely to be slightly higher this year and next, while inflation should edge up and the current account surplus narrow. How effectively the Thailand 4.0 development agenda reignites growth will hinge on how well Thailand’s youngsters upgrade their skills. Read more from Asian Development Outlook 2017


Economic forecasts for Southeast Asian countries

Country 2017 2018
Brunei Darussalam 1.0 2.5
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 4.4 4.6
Myanmar 7.7 8.0
Philippines 6.4 6.6
Singapore 2.2 2.3
Thailand 3.5 3.6
Viet Nam 6.5 6.7
Average 4.8 5.0
Country 2017 2018
Brunei Darussalam 0.1 0.1
Cambodia 3.4 3.5
Indonesia 4.3 4.5
Lao People’s Democratic Republic 2.5 3.0
Malaysia 3.3 2.7
Myanmar 7.0 7.5
Philippines 3.5 3.7
Singapore 1.0 1.5
Thailand 1.8 2.0
Viet Nam 4.0 5.0
Average 3.3 3.5
Country 2017 2018
Brunei Darussalam 5.3 5.5
Cambodia -9.4 -9.0
Indonesia -1.7 -1.6
Lao People’s Democratic Republic -19.0 -20.0
Malaysia 1.8 2.0
Myanmar -8.0 -8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 9.0 7.0
Viet Nam 2.0 2.5
Average 3.1 3.0

Source: Asian Development Outlook 2017

 

 
This page was generated from https://www.adb.org/countries/thailand/economy on 24 April 2017