Balance of Payments: Total Net Current Account for Thailand
THABCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.78
Year-over-Year Change
-71.12%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Thailand measures the country's net international transactions, including trade, services, income, and current transfers. This data is crucial for understanding Thailand's economic position and external competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total net current account represents the difference between Thailand's total inflows and outflows of goods, services, income, and current transfers. Economists and policymakers use this metric to evaluate Thailand's trade balance, international investment position, and overall economic performance relative to other countries.
Methodology
The data is collected and calculated by Thailand's central bank based on standard international accounting practices.
Historical Context
The current account balance is a key indicator used by the Thai government, international institutions, and financial markets to assess the country's macroeconomic stability and trade competitiveness.
Key Facts
- Thailand's current account balance has fluctuated significantly over the past decade.
- The current account is a major component of Thailand's overall balance of payments.
- Monitoring the current account is crucial for policymakers to manage Thailand's external economic position.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Thailand measures the country's net international transactions, including trade, services, income, and current transfers.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Thailand's economic position and external competitiveness, as it reflects the country's trade balance, international investment position, and overall macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Thailand's central bank based on standard international accounting practices.
Q: How is this trend used in economic policy?
A: The current account balance is a key indicator used by the Thai government, international institutions, and financial markets to assess the country's macroeconomic stability and trade competitiveness, which informs economic policymaking.
Q: Are there update delays or limitations?
A: The data is published regularly by the Thai central bank, but there may be slight delays in reporting the most recent figures.
Related Trends
Use of Financial Services: Number of Loan Accounts for Households at Credit Unions and Financial Cooperatives for Thailand
THAFCNODUHNUM
Number of Identified Exporters to Thailand from District of Columbia
DCTHAA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Thailand
THAFCLOFXDC
Amounts Outstanding of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Thailand
IDSGAMNIAOTH
Value of Exports to Thailand from Oregon
ORTHAA052SCEN
Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Thailand
THAFCSODDHXDC
Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Thailand (THABCAGDPBP6PT), retrieved from FRED.