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Thai Economic Growth Forecast for 2018

Key Economic Indicators
(% Excepted indicated otherwise)
2016​​2017​2018 f
Base CaseProjection Range
GDP growth3.23.94.03.5 - 4.5
Private consumption3.13.23.02.5 - 3.5
Public consumption1.7​​
0.51.00.0 - 3.0
Investment2.80.94.32.0 - 6.5
- Private0.41.73.01.0 - 5.0
- Public9.9-1.28.05.0 - 11.0
Exports (Customs base in US Dollar)0.59.94.52.0 - 7.0
Imports (Customs base in US Dollar)-4.214.78.04.0 - 10.0
Headline inflation0.20.71.10.6 - 1.5
Average Dubai crude oil price41.352.055.052.0 - 60.0
Source: NESDB, Ministry of Commerce and KResearch projection (As of December 19, 2017)