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Thailand's economy declined at a more moderate rate of 2.6% y/y in Q1 2021

In Q1 2021, Thai GDP increased on a real-term basis by a seasonally adjusted 0.2% q/q, leading to a softer unadjusted decline of 2.6% y/y.
In Q1 2021, Thai GDP increased on a real-term basis by a seasonally adjusted 0.2% q/q, leading to a softer unadjusted decline of 2.6% y/y.
In Q1 2021, Thai GDP increased on a real-term basis by a seasonally adjusted 0.2% q/q, leading to a softer unadjusted decline of 2.6% y/y.
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Qui, 2021-05-20 07:53
Real GDP

In Q1 2021, Thai GDP increased on a real-term basis by a seasonally adjusted 0.2% q/q, leading to a softer unadjusted decline of 2.6% y/y. This shows an improving trend after real GDP contracted by 4.2% y/y in Q4 2020.

In Q1 2021, Thai GDP increased on a real-term basis by a seasonally adjusted 0.2% q/q, leading to a softer unadjusted decline of 2.6% y/y.

Private consumption declined by 0.5% y/y in Q1 2021, but gross fixed capital formation (i.e. investment spending) shot up by 7.3% y/y, with government consumption also increasing, by 2.1% y/y, underpinned by the coronavirus support measures. Goods and services exports volume contracted by 10.5% y/y, but responding to improving domestic demand imports volume increased on an annual basis for the first time since Q4 2018, by 1.7% y/y.

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Thailand
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Qui, 2021-05-20 07:53 Thailand's economy declined at a more moderate rate of 2.6% y/y in Q1 2021