Thailands Key Macroeconomic

September 2017

Statistics and Data Management Department

CONTENTS

GDP and Inflation 1

Business Sector 2
SMEs Sector 3
Fiscal Sector 4
Household Sector 5
Labour Market 6
Agricultural Sector 7
Property Sector 8
Service Sector 9
External Sector 10
Money, Credit and Banking 12
Financial Market 14
Payment Statistics 15

Data Finalised 1st September 2017

CONTACT PERSONS
For further information, please contact following coordinators:
Jaruphan Wanitthanankun JaruphaV@bot.or.th Tel. 0 2283 5623
Arthit Thetkham ArthitT@bot.or.th Tel. 0 2283 6433
GUIDE
Frequency of data:
A = Annually
Q = Quarterly
M = Monthly
Charts Title [A]
Unit of LHSs data Millions of Baht % yoy Unit of RHSs data

Left Hand Side Axis Right Hand Side Axis

(RHS)

Source of data Source: Bank of Thailand Hyperlink

Click to data source

Remark Remark: if available

 1
GDP AND INFLATION
Real GDP Growth [Q] Per Capita GDP [A]
% Baht
20 250,000

15
200,000
10

5 150,000

0
100,000
-5

-10 50,000
-15
94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 0
%yoy %qoq(SA) 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

Source: Office of the National Economic and Social Development Board Source: Office of the National Economic and Social Development Board

Contribution to GDP Expenditure [Q] Contribution to GDP Production [Q]

% %
20 20

15 15

10 10

5 5

0 0

-5 -5

-10 -10
11 12 13 14 15 16 17 11 12 13 14 15 16 17
Private Consumption Private Investment Government Expenditure Agriculture Manufacturing Non-Agriculture , Non-Manufacturing
Net Exports Stocks & Stat.error

Source: Office of the National Economic and Social Development Board, Source: Office of the National Economic and Social Development Board,
calculated by Bank of Thailand calculated by Bank of Thailand

Inflation (Consumer Price Index) [M] GDP Deflator & PCE Deflator [Q]
% yoy % yoy
10 10
8 8
6 6
4
4
2
2
0
0
-2
-4 -2

-6 -4
08 09 10 11 12 13 14 15 16 17 08 09 10 11 12 13 14 15 16 17
Headline CPI Core CPI PCE Deflator GDP Deflator
Source: Bureau of Trade and Economic Indicies, Ministry of Commerce Source: Office of the National Economic and Social Development Board,
calculated by Bank of Thailand
Remark: PCE: Private Consumption Expenditure
 2
BUSINESS SECTOR
Manufacturing Production Index and Capacity Utilization [M] Private Investment Index [M]
% yoy % Index (2010 = 100) % yoy
75 80 140 40
50 70 130 30

25 60 120 20
110 10
0 50
100 0
-25 40
90 -10
-50 30
80 -20
-75 20 70 -30
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
05 06 07 08 09 10 11 12 13 14 15 16 17
MPI (% yoy) CAPU (%) (RHS) Private Investment Index %yoy (RHS)
Source: The Office of Industrial Economics Source: Bank of Thailand

Electricity Consumption Growth [M] Business Sentiment Index [M]

% yoy Diffusion Index (Unchanged = 50)
30 65

60
20
55
10
50

0 45

40
-10
35
-20 30
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Business Sector Household Sector BSI Expected BSI (Next 3 months)

Source: Metropolitan Eectricity Authority and Provincial Electricity Authority, Source: Bank of Thailand
compiled by Bank of Thailand

Business Credits by Enterprise Sizes [Q] Import of Capital Goods [M]

Trillions of Baht % yoy Millions of US Dollar (at 2010 prices) % yoy
12 60 6,000 60

10 45 5,000
40
8 30 4,000
20
6 15 3,000
0
4 0 2,000
2 -15 -20
1,000
0 -30
06 07 08 09 10 11 12 13 14 15 16 17 0 -40
SME Credits Large Enterprise Credits 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Large Enterprise Credits (%yoy) (RHS) SME Credits (%yoy) (RHS) Import of Capital Goods %yoy (RHS)
Source: Bank of Thailand Source: Customs Department, Ministry of Finance
Remark: Business credits from commercial banks only Remark: Exclude imports of aircrafts, ships, floating structures, and locomotive
by government and rent by private sector.
 3
SMEs SECTOR
Number of SMEs [A] SMEs GDP Growth [Q]
Millions of Enterprise %yoy
3.5 20

3.0 15
2.5
10
2.0
5
1.5
0
1.0

0.5 -5

0.0 -10
02 03 04 05 06 07 08 09 10 11 12 13 14 15 10 11 12 13 14 15 16 17
Manufacturing Wholesale and Retail Service (Excluding Wholesale and Retail) Other GDP of SMEs GDP

Source: The Office of SMEs Promotion Source: The Office of SMEs Promotion

Employment of SMEs [A] SMEs Trade & Service Sentiment Index [M]
Millions of Employee % Diffusion Index (Unchanged = 50)
14 90 65

12 85 60
10 80
55
8 75
50
6 70
4 65 45

2 60 40
0 55
35
02 03 04 05 06 07 08 09 10 11 12 13 14 15
07 08 09 10 11 12 13 14 15 16 17
Total Employment SME Employment SMEs to Total Employment (RHS) TSSI Expected TSSI (Next 3 months)

Source: The Office of SMEs Promotion Source: The Office of SMEs Promotion

Business Credit by Enterprise Sizes [Q] Non-Performing Loan of SMEs Credit [Q]
% of Total Business Credit % of SMEs Credit
70 12

60 10
50
8
40
6
30
4
20

10 2

0 0
05 06 07 08 09 10 11 12 13 14 15 16 17 10 11 12 13 14 15 16 17
Large Medium Small % NPL / Total Loan % SM+NPL / Total Loan
Source: Bank of Thailand Source: Bank of Thailand
Remark: Outstanding business credit of Financial Institution including Remark: SM = Special Mention Loan, NPL = Non-Performing Loan
thai commercial banks, subsidiary, financial companies and credit fonciers
SM + NPL are outstandings of commercial banks only
 4
FISCAL SECTOR
Government Revenue [Q] Government Expenditure [Q]
Trillions of Baht % yoy Trillions of Baht % yoy
1.0 30 1.2 80

1.0 60
0.8 20
0.8 40
0.6 10
0.6 20
0.4 0
0.4 0
0.2 -10
0.2 -20

0.0 -20 0.0 -40

FY 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 FY 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Tax Revenue Nontax Revenue Total Revenue (%yoy) (RHS) Total Expenditure Total Expenditure (%yoy) (RHS)
Source: Fiscal Policy Office, Ministry of Finance Source: Bank of Thailand
Remark: Government expenditure includes cash payments for operating activities
and purchases of nonfinancial assets

Cash Balance to GDP [A] Accumulated Disbursement Rate [M]

% of GDP % of Budget
1
100

0
80
-1
60
-2
40
-3
20
-4
0
-5 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
FY 03 04 05 06 07 08 09 10 11 12 13 14 15 16 FY2013 FY2014 FY2015 FY2016 FY2017
Source: Bank of Thailand Source: The Comptroller Generals Department

Treasury Cash [M] Public Debt to GDP [M]

Millions of Baht % of GDP
700,000 50.0

600,000 47.5

500,000 45.0

42.5
400,000
40.0
300,000
37.5
200,000
35.0
100,000
32.5
0 30.0
FY 08 09 10 11 12 13 14 15 16 17 05 06 07 08 09 10 11 12 13 14 15 16 17
Source: Fiscal Policy Office, Ministry of Finance Source: Public Debt Management Office
 5
HOUSEHOLD SECTOR
Per Capita Disposable Income [A] Gini Coefficient [A]
Baht % yoy Ratio
160,000 14 0.56
140,000 12 0.54
120,000 10 0.52
100,000 8 0.50
80,000 6 0.48
60,000 4 0.46
40,000 2 0.44
20,000 0 0.42
0 -2 0.40
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 88 90 92 94 96 98 00 02 04 06 07 09 11 13 15
Per Capita Disposable Income % yoy (RHS) Source: Office of the National Economic and Social Development Board
Source: Office of the National Economic and Social Development Board Remark: Gini Coefficient is a measure of income inequality.
A ratio value between 0 and 1.
0 = Perfect Income Equality
1 = Perfect Income Inequality
Per Capita Saving [A] Private Consumption Index [M]
Baht % yoy Index (2010 = 100) % yoy

16,000 100 140 25

14,000 80 130 20
12,000 60 120 15
10,000 40
110 10
8,000 20
100 5
6,000 0
90 0
4,000 -20
2,000 -40 80 -5

0 -60 70 -10
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 10 11 12 13 14 15 16 17
Per Capita Saving % yoy (RHS) Private Consumption Index %yoy (RHS)
Source: Office of the National Economic and Social Development Board Source: Bank of Thailand

Household Debt [Q] Consumer Confidence Index [M]

Trillions of Baht % of GDP Diffusion Index (Unchanged = 50) Diffusion Index (Unchanged = 100)
12 100 60 110
Millions

10 90 50 100

8 80 40 90

30 80
6 70
20 70
4 60
10 60
2 50
0 50
0 40 09 10 11 12 13 14 15 16 17
07 08 09 10 11 12 13 14 15 16 17 CCI_MOC_Present CCI_MOC_Expected
Household Debt Outstanding Household Debt to GDP (RHS) CCI_UTCC_Present (RHS) CCI_UTCC_Expected (RHS)
Source: Bank of Thailand (Hosehold Debt Outstanding ) (Household Debt to GDP ) Source: Ministry of Commerce
Remark: Household debt consists of overdrafts, general loans, non-negotiable bills University of the Thai Chamber Of Commerce
and investments in account receivable with financial institutions.
..
 6
LABOUR MARKET
Participation Rate and Dependency Ratio [A] Unemployment Rate [M]
% Ratio %
75 50 1.4

1.2
73 49
1.0
71 48 0.8

69 47 0.6

0.4
67 46
0.2

65 45 0.0
98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 11 12 13 14 15 16 17
Participation Rate Dependency Ratio (RHS) Unemployment Rate 12 MMA (Unemployment Rate)

Source: National Statistical Office, calculated by Bank of Thailand Source: National Statistical Office, calculated by Bank of Thailand

Underemployment Rate [M] Labour Productivity [Q]

% % yoy
1.75 20

1.50 15
1.25 10
1.00
5
0.75
0
0.50
-5
0.25
-10
0.00 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
11 12 13 14 15 16 17
Underemployment Rate 12 MMA (Underemployment Rate) Agriculture Non-Agriculture Total
Source: National Statistical Office, calculated by Bank of Thailand Source: Office of the National Economic and Social Development Board
Remark: Work <35 hours/week and available for additional work and Bank of Thailand

Average Wage [M] Unit Labour Cost [Q]

Baht per Month Index (2013 = 100) % yoy
16,000 120 20
14,000
100 15
12,000
80 10
10,000
8,000 60 5

6,000
40 0
4,000
20 -5
2,000
0 0 -10
11 12 13 14 15 16 17 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Agriculture Non-Agriculture Total ULC Index %yoy (RHS)
Source: National Statistical Office, calculated by Bank of Thailand Source: Office of the National Economic and Social Development Board
and Bank of Thailand
 7
AGRICULTURAL SECTOR
Agricultural Production [M] Contribution to Agricultural Production Growth [M]
Index (2005 = 100) %yoy % July 2017
350 40

300 30

250 20

200 10

150 0

100 -10

50 -20

0 -30
07 08 09 10 11 12 13 14 15 16 17 0 1 2 3 4 5 6 7
Agricultural Production Index %yoy (RHS) Fishery Livestock Other Crops Energy Crops Veg & Fruit Food Crops

Source: Office of Agricultural Economics Source: Office of Agricultural Economics, calculated by Bank of Thailand

Agricultural Price [M] Contribution to Agricultural Price Growth [M]

Index (2005 = 100) %yoy % July 2017
200 45

160 30

120 15

80 0

40 -15

0 -30
07 08 09 10 11 12 13 14 15 16 17
-12 -10 -8 -6 -4 -2 0
Agricultural Price Index %yoy (RHS) Fishery Livestock Other Crops Energy Crops Veg & Fruit Food Crops
Source: Office of Agricultural Economics Source: Office of Agricultural Economics, calculated by Bank of Thailand

Farm Income [M] Water Level in Reservoirs [M]

Index (2005 = 100) %yoy Millions of m3
500 70 60,000

400 50 50,000

40,000
300 30
30,000
200 10
20,000
100 -10
10,000

0 -30 0
07 08 09 10 11 12 13 14 15 16 17 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Farm Income Index %yoy (RHS) 2015 2016 2017 10 Years Average

Source: Office of Agricultural Economics, calculated by Bank of Thailand Source: Royal Irrigation Department
 8
PROPERTY SECTOR
Land and Residential Property Price Indexes [M] Construction Area Permitted in Municipal Zone [M]
Index (2009 = 100) Thousand sq. metres
200 3,500

180 3,000

160 2,500

140 2,000

120 1,500

100 1,000

80 500
06 07 08 09 10 11 12 13 14 15 16 17
10 11 12 13 14 15 16 17
Construction Area Permitted in Municipal Zone
Detached House Town House Condominium Land 12 MMA (Construction Area Permitted in Municipal Zone)
Source: Bank of Thailand Source: Bangkok Metropolitan Administration , District Offices and Municipality in
provinces, compiled by Bank of Thailand

Land and Residential Property Price Growth [M] Land and Building Transactions Nationwide [M]
% yoy Millions of Baht
20 200,000

15
150,000
10

5 100,000

0
50,000
-5

-10 0
10 11 12 13 14 15 16 17 06 07 08 09 10 11 12 13 14 15 16 17
Land and Building Transactions Nationwide
Detached House Town House Condominium Land 12 MMA (Land and Building Transactions Nationwide)
Source: Bank of Thailand Source: Department of Land, Ministry of Interior, compiled by Bank of Thailand

Outstanding of Housing Loans for Personal Consumption [Q] Real Estate Development Credit Outstanding [M]
Trillions of Baht %yoy Millions of Baht %yoy
3.5 25 750,000 30

3.0 20
600,000 20
2.5 15
450,000 10
2.0 10

1.5 5 300,000 0
1.0 0
150,000 -10
0.5 -5

0.0 -10 0 -20

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 06 07 08 09 10 11 12 13 14 15 16 17
Total Housing Loan %yoy (RHS) Real Estate Development Credit %yoy (RHS)
Source: Bank of Thailand Source: Bank of Thailand
Remark: Housing loans from financial institutions including commercial banks, Remark: Real estate development credit from commercial banks only
depository specialized finance institutions, insurance corporations, and
other financial institutions
 9
SERVICE SECTOR
Share of Service Sector in GDP [Q] Employment in Service Sector [Q]
% of GDP Millions of Person % yoy
60 20 15

58
18 10
56

54 16 5

52 14 0
50
12 -5
48

46 10 -10
93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 12 13 14 15 16 17
Service to GDP 4QMA (Service to GDP) No. of Employee in Service Sector %yoy (RHS)

Source: Office of the National Economic and Social Development Board, Source: National Statistical Office, Bank of Thailand
calculated by Bank of Thailand

Wholesale and Retail Sale Indexes [M] Internal Tourism [M]

Index (2002 = 100) %yoy
300 50

250 40

30
200
20
150
10
100
0
50 -10

0 -20
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 15 16 17
Wholesale Index Retail Sale Index Thai Tourist Trips Foriegn Tourist Trips

Source: Bank of Thailand (Wholesale Index ) (Retail Sale Index ) Source: TAT Intelligence Center, Tourism Authority of Thailand

Transportation [M] Telecommunication [Q]

Millions of Trip Millions of Passenger Index (2008 = 100)
25 15 1,000

20 12 800

15 9 600

10 6
400

5 3
200

0 0
08 09 10 11 12 13 14 15 16 17 0
Number of BTS Ridership Air Transport Passengers 08 09 10 11 12 13 14 15 16 17
12 MMA (No. of BTS Riderships) 12 MMA (Air Transportation Passengers) Voice Revenue Non-voice Revenue
Source: BTS GROUP HOLDINGS Public Company Limited Source: National Broadcasting and Telecommunications Commission, calculated
Airport of Thailand Public Company Limited by Bank of Thailnad
Remark: Renevue of mobile network service providers
 10
EXTERNAL SECTOR (1)
Balance of Payments [Q] Trade [Q]
Millions of US Dollars Millions of US Dollars
25,000 70,000
20,000
60,000
15,000
10,000 50,000
5,000 40,000
0
30,000
-5,000
20,000
-10,000
-15,000 10,000
-20,000 0
05 06 07 08 09 10 11 12 13 14 15 16 17 05 06 07 08 09 10 11 12 13 14 15 16 17
Current Account Financial Account BOP Import Values (f.o.b.) Export Values (f.o.b.)

Source: Bank of Thailand Source: Bank of Thailand

Current Account Components and Current Account to GDP [Q] Service, Primary Income and Secondary Income [Q]
Millions of US Dollars % of GDP Millions of US Dollars
20,000 14 30,000
15,000 10 20,000
10,000 6 10,000

5,000 2 0

0 -2 -10,000

-5,000 -6 -20,000

-10,000 -10 -30,000

06 07 08 09 10 11 12 13 14 15 16 17 05 06 07 08 09 10 11 12 13 14 15 16 17
Net Service, Primary Income and Secondary Income Secondary Income Payments Secondary Income Receipts
Trade Balance Primary Income Payments Primary Income Receipts
Current account / GDP (RHS) Service Payments Service Receipts
Threshold ( > -2 % ) (RHS) Net Service, Primary Income and Secondary Income

Source: Bank of Thailand Source: Bank of Thailand

Financial Account [Q] International Investment Position [Q]

Millions of US Dollar Millions of US Dollar
20,000 500,000
Assets
15,000 400,000
300,000
10,000
200,000
5,000 100,000
0 0
-5,000 -100,000
-200,000
-10,000
-300,000
-15,000 -400,000
-500,000 Liabilities
-20,000
05 06 07 08 09 10 11 12 13 14 15 16 17 12 13 14 15 16 17
Thai Direct Investment Thai Portfolio Investment Aboard Thai Direct Investment Thai Portfolio Investment Aboard
Financial Derivatives and Other Assets Foreign Direct Investment Financial Derivatives and Other Assets International Reserve Assets
Foreign Direct Investment Foreign Portfolio Investment in Thailand
Foreign Portfolio Investment in Thailand Financial Derivatives and Other Liabilities
Financial Derivatives and Other Liabilities Net International Investment Position
Financial Account
Source: Bank of Thailand Source: Bank of Thailand
 11
EXTERNAL SECTOR (2)
External Debt by Sector [Q] External Debt to GDP & External Debt to Export [Q]
Millions of US Dollars %
160,000 55
140,000 50
120,000
45
100,000
40
80,000
35
60,000
30
40,000
20,000 25

0 20
05 06 07 08 09 10 11 12 13 14 15 16 17 06 07 08 09 10 11 12 13 14 15 16 17
Government & Central Bank ODCs Other Sectors External Debt to GDP Exernal Debt to Export
Source: Bank of Thailand Source: Bank of Thailand
Remark: Other Depository Corporations (ODCs) comprise domestically registered
commercial banks, branches of foreign banks, international banking
facilities, finance companies and specialized banks.

Short and Long Term External Debt [Q] Debt Service Ratio on External Debt [Q]
Millions of US Dollars Ratio %
160,000 1.6 25

140,000 1.4
20
120,000 1.2
100,000 1.0 15

80,000 0.8
10
60,000 0.6
40,000 0.4 5
20,000 0.2
0
0 0.0
05 06 07 08 09 10 11 12 13 14 15 16 17
05 06 07 08 09 10 11 12 13 14 15 16 17
Short-term External Debt Long-term External Debt ST to LT External Debt Debt Service Ratio Threshold (< 20%)
Source: Bank of Thailand Source: Bank of Thailand

International Reserves to Short Term Debt [Q] International Reserves to Import [M]
Ratio Months
5 16
14
4
12

3 10
8
2 6
4
1
2
0 0
05 06 07 08 09 10 11 12 13 14 15 16 17 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
International Reserves to Short Term Debt Threshold (>1 Times) International Reserve / Import Threshold ( > 4 Times )
Source: Bank of Thailand Source: Bank of Thailand
 12
MONEY, CREDIT AND BANKING (1)
NEER & REER [M] Exchange Rate [M]
Index (2012 = 100) THB/USD
120 45
Appreciation

110
40

100
35
90

80 30

70 25
02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
NEER REER
Source: Bank of Thailand Source: Bank of Thailand
Remark: Reference rate US Dollar (USD)

Selected South East Asia Currencies against the US Dollar [M] Interest Rate [M]
Index (JAN 2013 =100) % per Annum
160 9
150 8
7
140
6
130
5
120 4
110 3
100 2
1
90
13 14 15 16 17 0
BHT MYR SGD 07 08 09 10 11 12 13 14 15 16 17
Policy Rate Interbank Overnight Lending Rate
PHP IDR VND
MLR (Minimum Lending Rate) Savings Deposits
Source: Bank of Thailand Source: Bank of Thailand
Remark: MLR and saving deposit interest rates are maximum rate.

Government Bond Yield Curve [M] Thai Corporate Bond Spreads [M]
% bps
4.0 500

3.5 400

3.0
300
2.5
200
2.0

1.5 100

1.0 0
TTM 1M 1Y 4Y 7Y 10Y 13Y 16Y 19Y 22Y 25Y 28Y 31Y 34Y 37Y 40Y 43Y 46Y 49Y 09 10 11 12 13 14 15 16 17
End of 2015 End of 2016 End of Aug 2017 AAA A+ BBB
Source: Thai Bond Market Association Source: Thai Bond Market Association
Remark: Spread over government bond yields for 3-year remaining maturity
corporate bonds
 13
MONEY, CREDIT AND BANKING (2)
Broad Money & Credit Growth [M] Credit Growth by Sector [Q]
% yoy % yoy
25 14

12
20
10
15 8

10 6

4
5
2

0 0
07 08 09 10 11 12 13 14 15 16 17 14 15 16 17
Broad Money Total Credits Business Housing Other Personal Comsumptions

Source: Bank of Thailand (Board Money ) (Total Credits ) Source: Bank of Thailand
Remark: Other depository corporations credits Remark: Commercial banks credits only

Non-Performing Loan [Q] Tier 1 Capital to Risk Assets by Thai Commercial Bank Sizes [Q]
% %
12 20

10
15
8

6 10

4
5
2

- 0
07 08 09 10 11 12 13 14 15 16 17 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017
% NPL / Total Loan % SM+NPL / Total Loan Large Medium Small Average
Source: Bank of Thailand Source: Bank of Thailand
Remark: SM = Special Mention Loan, NPL = Non-Performing Loan Remark: BOT Threshold of Tier 1 Capital to Risk Assets for Thai Commercial
SM + NPL are outstandings of commercial banks only Banks is 6.625% as of 1st January 2016 and 7.25% as of 1st January
2017

Loans to Deposits by Thai Commercial Bank Sizes [Q] Net Interest Income to Average Net Assets (NIM) [Q]
% by Thai Commercial Bank Sizes
150 % per Annum

125 4

100 3

75
2
50
1
25

0 0
Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017
Large Medium Small Average Large Medium Small Average
Source: Bank of Thailand Source: Bank of Thailand
 14
FINANCIAL MARKET
Outstanding of Debt Securities in Thailand by Issuer [M] Outstanding of Debt Securities in Thailand by Holder [M]
Trillions of Baht % yoy Trillions of Baht
14 24 14

12 21 12
18 10
10
15
8 8
12
6 6
9
4 4
6
2 3 2

0 0 0
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
Government BOT Private Total (%yoy) (RHS) Government Financial Sector Corporate Sector Household Non-Resident
Source: Thai Bond Market Association, Securities and Exchange Commission, Source: Thai Bond Market Association, Securities and Exchange Commission,
and Bank of Thailand and Bank of Thailand
Remark: Private Issuer refers to corporates and non-residents

Outstanding of Equity Securities [M] Outstanding of Equity Securities by Holder [M]

Trillions of Baht % yoy Trillions of Baht
18
18 100
16
16 80
14 14
60
12 12
40
10 10
20
8 8
0 6
6
4 -20 4
2 -40 2
0 -60 0
09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 17
Total Equity Securities Total (%yoy) (RHS) Government Financial Sector Corporate Sector Household Non-Resident

Source: Stock Exchange of Thailand, compiled by Bank of Thailand Source: Stock Exchange of Thailand, compiled by Bank of Thailand
Remark: Equity Securities include common stocks and prefered stocks in SET
and MAI.
Stock Market Indexes [M] P/E Ratio [M]
Index (JAN 2004 =100) Times
350 120

300 100
250
80
200
60
150
100 40

50 20
0
0
04 05 06 07 08 09 10 11 12 13 14 15 16 17
04 05 06 07 08 09 10 11 12 13 14 15 16 17
SET MAI Dow Jones
Nasdaq Financial Times Nikkei 225 SET MAI
Source: Stock Exchange of Thailand and Reuters, calculated by Bank of Thailand Source: Stock Exchange of Thailand
 15
PAYMENT STATISTICS
Banknotes and Coins in Circulation to GDP [Q] Value of Interbank Cheque Usage [M]
% of GDP Billions of Baht %
12 4,000 0.60

11 3,000 0.45

10 2,000 0.30

9 1,000 0.15

8 0 0.00
05 06 07 08 09 10 11 12 13 14 15 16 17 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Banknotes & Coins to GDP 4QMA (Banknotes & Coins to GDP)) Interbank Cheque % NSF Cheque to Total Interbank Cheque Cleared (RHS)
Source: Bank of Thailand Source: Bank of Thailand
Remark: NSF = Non Sufficient Funds

Value of Plastic Card Usage [M] Value of e-Money Usage [M]

Billions of Baht % yoy Millions of Baht % yoy
1,600 30 12,000 100

1,400 25
10,000 80
1,200 20
8,000 60
1,000 15
800 10 6,000 40
600 5
4,000 20
400 0
2,000 0
200 -5
0 -10 0 -20
11 12 13 14 15 16 17 11 12 13 14 15 16 17
ATM Debit Credit Total (%yoy) (RHS) Spending Value Total (%yoy) (RHS)
Source: Bank of Thailand Source: Bank of Thailand
Remark: The value of payment card transactions which the providers are Remark: Data including e-Money that is used in place of cash to pay for goods
commercial banks registered in Thailand, foreign bank branches and and services and excluding pre-paid cards for mobile phones.
non-banks.