Economic Research
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03 November 2014
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Thailand
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Economic
Highlights
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Thailand’s
current account balance in the balance of payments reversed into a deficit
of USD1.5bn or -1.7% of GNI in 3Q 2014, compared with a surplus of
USD0.5bn or 0.6% of GNI in the 2Q and USD8.2bn or 9.2% of GNI in the 1Q. This
was due partly to the narrowing of the merchandise trade surplus during the
quarter, as goods imports increased at a stronger pace relative to exports
during the quarter. For the full-year, Thailand’s current account
position in the balance of payments is projected to reverse into a
surplus of USD13.2bn or 3.8% of GNI in 2014.
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Tuesday, November 4, 2014
RHB | Thailand | Current Account Reversed Into A Deficit In 3Q 2014
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