Thailand – deficit/surplus

1980 -6.394	1988 -2.683	1995 -7.877	2002 3.693	2009 7.689
1981 -7.378	1989 -3.457	1996 -7.887	2003 3.354	2010 2.496
1982 -2.741	1990 -8.334	1997 -2.061	2004 1.715	2011 0.347
1983 -7.176	1991 -7.5	1998 12.776	2005 -4.333	2012 -0.235
1984 -5.045	1992 -5.5	1999 10.166	2006 1.117	2013 -0.039
1985 -3.952	1993 -5.03	2000 7.601	2007 6.346	2014 0.031
1986 0.573	1994 -5.406	2001 4.426	2008 0.599	2015 0.17
1987 -0.725

The diagram above illustrates the changes in percent of GDP in correlation with the current account balance. As can be seen, there are great fluctuations which indicate a continuous change in the balance of payments from deficit to surplus. When the percentage is high, that means that the country is currently in deficit and when the percentage is low, this means that the current account is in surplus. This is because a high percentage of GDP indicates that the there is a lot of money going out (imports) as appose to money coming in (exports).

The section for 2010 is missing because something may still vary this value. the IMF have predicted that the percentage of GDP will be around 2.496. This means that the predicted state of the balance of payments is in surplus.

 

As seen in the article “Thailand Posts Trade Deficit“, it discusses the way the Thailand is falling into its first trade deficit in 17 months due to seasonal factors.