Thai Central Bank Revises Down GDP Growth Estimate for 2015

Thailand's central bank is taking a less optimistic view of the country's economic outlook in 2015, as the recovery has been slower than expected. The Bank of Thailand revised down its gross domestic product growth estimate for the year to 3.8% from a previous projection of 4.0%, due to expected slower growth in China, as well as a slower government budget disbursement.

 
 
Source
Central bank

Bank of Thailand

Source
International Reserves

US$ 173.329 billion (Source: IMF; Data updated: 2014)

Source
Gross Domestic Product - GDP

US$ 373.536 billion (2015 estimate)

GDP (Purchasing Power Parity)

1,055 billion of International dollars (2015 estimate)

Source
Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
7.1% 6.3% 4.6% 5.1% 5.0% 2.5% -2.3% 7.8%
2011 2012 2013 2014* 2015*      
0.1% 6.5% 2.9% 1.0% 4.6%      

*Estimate

Source
GDP per capita - current prices

US$ 5,550 (2014 estimate)

Source
GDP per capita - PPP

14,443 International Dollars (2014 estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.57% 0.88% 0.91% 0.95% 0.93%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 12.1% 
  • industry: 43.6% 
  • services: 44.2% (2013 estimate)
Source
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Source
Inflation
2011 2012 2013 2014*
3.8% 3.0% 2.2% 2.1%

*Estimate

Source
Unemployment rate
2011 2012 2013 2014*
0.7% 0.7% 0.7% 0.7%

*Estimate

Source
Household saving rates

N/A

Source
Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
42.6% 41.7% 45.4% 45.9% 47.9%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-0.8% -0.6% -1.8% -0.2% -2.5%

*Estimate   

Source
Government bond ratings

Standard & Poor's: BBB+

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Source
Market value of publicly traded shares
2011* 2012 2013**
US$268.5 billion US$383 billion US$348.5 billion

*2011 Estimate    **2013 Estimate   

Source
Largest companies in Thailand

PTT PCL, Siam Commercial Bank, Kasikornbank, Siam Cement, PTT Global Chemical, Bangkok Bank, Krung Thai Bank, Advanced Info Service, CP All, Bank of Ayudhya, Thai Beverage, Charoen Pokphand Foods, Thai Oil, Airports of Thailand, Thanachart Capital, Intouch Holdings, Total Access Communication

Source
 
 
Source
Current account balance

US$ 825 million (2014 estimate)

Source
Current account balance by percentage of GDP

0.221% of GDP (2012 estimate)

Source
Exports as percent of GDP(Exports of goods and services)

73.6% (2013)

Source
Shares in world total merchandising export

1.25% (2012)

Source
Shares in world total commercial services export

1.13% (2012)

Source
Total exports

US$225.4 billion (2013 estimate) 

Source
Export commodities

electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice, rubber

Source
Total imports

US$219.0 billion (2013 estimate) 

Source
 
 
Source
Import commodities

capital goods, intermediate goods and raw materials, consumer goods, fuels

Source
Exports - major partners

China 11.7%, Japan 10.2%, US 9.9%, Hong Kong 5.7%, Malaysia 5.4%, Indonesia 4.9%, Singapore 4.7%, Australia 4.3% (2012)

Source
Imports - major partners

Japan 20%, China 14.9%, UAE 6.3%, Malaysia 5.3%, US 5.3% (2012)

Source
FDI inflows
2011 2012 2013
US$3,710 million US$10,705 million US$12,946 million
Source
FDI outflows
2011 2012 2013  
US$6,620 million US$12,869 million US$6,620 million  
Source
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$2,810 million US$4,996 million US$5,659 million US$16,498 million
Source
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Source
Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Investor Group, Ping An Insurance(Group)Co, China, 9.4; Thai Beverage PCL, Fraser & Neave Ltd, Singapore, 6.9; CP ALL PCL, SHV Holdings NV, Netherlands, 4.2

(for a monthly update on M&A; click here )

Source
Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 18 out of 189 countries (2013)

Subcategories:

Starting a business: 91 out of 189 countries

Enforcing Contracts: 22 out of 189 countries

Registering Property: 29 out of 189 countries

Getting credit: 73 out of 189 countries

Protecting investors: 12 out of 189 countries

Trading across border: 24 out of 189 countries

Paying Taxes: 70 out of 189 countries

Dealing with Construction Permits: 14 out of 189 countries

Getting Electricity: 12 out of 189 countries

Resolving Insolvency: 58 out of 189 countries

(2013)

Source
Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

31

(2014-2015)

 

 

Source
Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 72 Score: 63.3 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

Source
 
 
Source
Time zone

UTC+7

Source
Total area

513,120 sq km

Source
Capital

Bangkok

Source
Currency

baht

Source
Government type

constitutional monarchy

Source
Languages

Thai (official) 90.7%, Burmese 1.3%, other 8%

Source
Religions

Buddhist (official) 93.6%, Muslim 4.9%, Christian 1.2%, other 0.2%, none 0.1% (2010 est.)

Source
Total population
1990 2000 2010 2014* 2019**
56.303 million 61.897 million 67.275 million 68.554 million 69.991 million

*Estimate    **Forecast

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2013
19.7% 27% 31% 48%
Source
Population median age

36.2 years (2014 est.)

Source
Population growth rate

0.35% (2014 est.)

Source
Life expectancy

74.18 years (2014 estimate)

Source
Adult literacy

93.5% (2005 estimate)

Source
% of population living on less than $2 a day

3.5% (2010)

Source
Inequality of wealth distribution (Gini index)

39.4 (2010)

(0=perfect equality, 100=absolute inequality)

Source
Freedom House rating

Political Rights: 4
Civil Liberties: 4 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

Fixed 9.0%   Mobile 138.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

28.94% (2013)

Source
Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bangkok 88th (2014)

Source
CO2 emissions(Metric tons of CO2 per capita)

4.4 (2010)

Source

World's Best Developed & Emerging Markets Banks

Best Risk Management Providers - Insurance & Derivatives

World’s Best Treasury & Cash Management Providers

World's Best Internet Banks

World's Best Subcustodian Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

World's Biggest Banks

Best of…

Additional Awards