RHB | Thailand | Current Account Registered A Sizeable Surplus In 1Q, BOT Relaxes Capital Controls To Rein In Baht Speculation

Economic Research	05 May 2015
Thailand
Economic Highlights
Current Account Registered A Sizeable Surplus In 1Q, BOT Relaxes Capital Controls To Rein In Baht Speculation Thailand’s current account balance in the balance of payments registered a sizeable surplus of USD8.2bn or +8.4% of GDP in 1Q 2015, albeit slightly lower than a USD8.7bn surplus or +9.2% of GDP in 4Q 2014. This was a result of a smaller merchandise trade surplus as goods exports fell by a larger amount relative to imports during the quarter, led by weak export demand from Europe, Japan and China. Going forward, the current account is projected to register a smaller but still sizeable surplus of USD11.0bn or 2.8% of GDP in 2015. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 30 April 2015: BOT Surprises With Another Rate Cut To 1.50% 29 April 2015: Exports Contracted For Third Straight Month In March 01 April 2015: Money Supply And Credit Growth Rose In February 31 March 2015: Manufacturing Production Expanded First Time in Almost Two Years 27 March 2015: Exports Deteriorated Further In February 12 March 2015:BOT Slashed Rates For The First Time In A Year To 1.75% 03 March 2015: Prices Deflate For The Second Straight Month In February