For 2020, the NESDB revised its economic forecast to a contraction of 5.0-6.0% from growth of 1.5%-2.5% projected in February. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
GDP Annual Growth Rate in Thailand averaged 3.63 percent from 1994 until 2020, reaching an all time high of 15.50 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. Government spending (-0.6% vs -1.5% in Q4) and fixed investment (-6.1 vs -1%) fell further while household consumption rose slightly less (0.2% vs 0.6%). Meanwhile, government spending rebounded (1.4% vs -2.8%). Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). This was the slowest growth since the third quarter 2014, as exports fell 4.9 percent while government spending tumbled 5.6 percent. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Both private consumption (-6.6% vs 2.7% in Q1) and fixed investment (-8.0% vs -6.5%) declined, and net external demand contributed negatively to GDP growth. Thailand's gross domestic product shrank by 1.8 percent year-on-year in the first quarter of 2020, following a downwardly revised 1.5 percent expansion in the previous period and better than market consensus of a 4 percent contraction. Both government spending (-2.7% vs - 0.9% in Q4) and fixed investment (-6.5% vs 0.8%) fell, and net external demand contributed negatively to GDP growth while private consumption growth eased (3.0% vs 4.1%). Publish your articles and forecasts in our website. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Thailand Consumer Prices Decline for 7th Month, Thailand Manufacturing PMI Highest in 9 Months, Thailand Industrial Output Drops the Least in 6 Months, Thailand Leaves Rates Steady, Sees Weaker Recession, Thailand Imports Shrink More than Consensus, Thailand Exports Fall Less than Estimated, Thailand August Trade Surplus Beats Forecasts, Thailand Jobless Rate Surges to 1.9% in August, Thailand Consumer Sentiment Highest in 6 Months, Japan's Economy to Continue Recover from the COVID-19: BoJ's Kuroda, South Korea Current Account Surplus Widens. GDP Growth Rate in Thailand averaged 0.79 percent from 1993 until 2020, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.70 percent in the second quarter of 2020.
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