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ASEAN+3 Macroeconomic Research Office

MEMBER ECONOMIES

Thailand

Latest Projections

Projected GDP Growth (2024):

0%

Projected Inflation Rate (2024):

0%
Updated as of April 2024

Annual Consultation Reports

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Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Thailand
Thailand's economy is expected to grow by 3.5 percent in 2023 and 3.9 percent in 2024, driven by the continued recovery in tourist arrivals and resilient domestic demand, and supported by improvement in exports.
Annual Consultation Reports
AMRO’s 2022 Annual Consultation Report on Thailand
Thailand’s recovery has regained momentum on the back of strengthening domestic demand and a stronger rebound in international tourist arrivals.
Annual Consultation Reports
AMRO’s 2021 Annual Consultation Report on Thailand
Thailand’s economy should recover gradually — although unevenly across sectors — with growth likely to register 0.8 percent in 2021 before rebounding to 5.8 percent in 2022.
Annual Consultation Reports
AMRO’s 2019 Annual Consultation Report on Thailand
Thailand’s economy is projected to slow from 4.1 percent in 2018 to 2.7 percent in 2019 and 3.1 percent in 2020, due to a decline in exports amid U.S.-China trade tensions, as well as a slowdown in private investment.
Annual Consultation Reports
AMRO’s 2018 Annual Consultation Report on Thailand
Thailand growth continues to gain traction, driven by strong exports and tourism. Headline inflation has continued to inch up, although it remains low. The external position remains strong, underpinned by the sizeable current account surplus and substantial international reserves.
Annual Consultation Reports
AMRO’s 2017 Annual Consultation Report on Thailand
The 2017 Annual Consultation Report on Thailand provides an assessment of the state of the Thai economy in 2017, short-term economic outlook, risks and vulnerabilities facing the economy, and policy recommendation.

What’s New

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Events
ASEAN+3 Regional Economic Outlook 2024 Roadshows: Bangkok
AMRO and the Bank of Thailand will co-organize the AMRO–Bank of Thailand Seminar: Navigating Tomorrow in Low Visibility on April 26, 2024.
Working Papers
Post-COVID Central Bank Balance Sheet Normalization and Its Implications: The Case of ASEAN-4 Economies
This paper sheds light on pandemic-related central bank balance sheet tools and ensuing normalization, with a particular focus on ASEAN-4 economies.
Press Releases
ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Working Papers
Assessing Policy Performance in Thailand in a Dynamic Stochastic General Equilibrium Framework
This paper provides an analysis of policy performance coming from Bayesian estimation and simulation of a Dynamic Stochastic General Equilibrium (DSGE) model for Thailand.
Blogs
Thailand Should Focus on Fiscal Consolidation and Prioritize Spending on Growth-enhancing Investment
Like many countries, Thailand has been navigating a complex transition from crisis to post-pandemic recovery since last year.
Blogs
Shifting Ties: Thailand’s Balancing Act amid New Geoeconomic Realities
Thailand finds itself at a crossroad as global geoeconomic alignments shift amid rapid changes in the technological landscape.