Thailand recorded a Current Account surplus of 6.80 percent of the country's Gross Domestic Product in 2019. source: Bank of Thailand

Current Account to GDP in Thailand averaged 0.21 percent from 1979 until 2019, reaching an all time high of 12.70 percent in 1998 and a record low of -8.30 percent in 1990. This page provides - Thailand Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Thailand is expected to reach 3.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Current Account to GDP is projected to trend around 4.50 percent in 2021 and 5.50 percent in 2022, according to our econometric models.

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Thailand Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
6.80 5.60 12.70 -8.30 1979 - 2019 percent Yearly

Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 2050.00 2230.00 4974.14 -5916.16 USD Million [+]
Current Account 984.95 1314.09 7161.51 -4086.17 USD Million [+]
Current Account to GDP 6.80 5.60 12.70 -8.30 percent [+]
Imports 17330.15 17391.20 24937.81 2760.00 USD Million [+]
Exports 19376.68 19621.32 22827.25 1997.00 USD Million [+]
External Debt 172065.88 165489.82 172134.75 58984.85 USD Million [+]
Terms of Trade 109.65 109.30 115.39 96.39 points [+]
Tourist Arrivals 1201.00 0.00 3930800.00 0.00 [+]
Gold Reserves 153.96 154.00 154.00 72.59 Tonnes [+]
Remittances 14898.00 15533.00 17170.00 2316.00 THB Billion [+]
Terrorism Index 6.03 6.25 7.28 4.10 [+]
Crude Oil Production 199.00 194.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment -16240.47 -1422.08 125800.99 -95430.07 THB Million [+]


Thailand Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.