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Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Louise Curley March 7, 2005
Thailand's seasonally unadjusted Real Gross Domestic Product rose 5.05% in the fourth quarter of 2005 over the fourth quarter of 2004. The year over year rate of growth has decelerated during the year from the first quarter rate of 6,70%. For the year as a whole, GDP was up 6.05% in 2004, compared with 6.89% in 2003, 5.33% in 2002 and 2.17% in 2001.
A fall off in the year to year increase in private consumption and a much larger increase in imports than in exports largely offset increases in government consumption, inventories and gross fixed investment. The year to year changes in private consumption are compared with gross fixed investment in the first chart while the second chart compares the year to year changes in exports with those in imports.
While real GDP growth, for the year as a whole, decelerated slightly in comparison with 2003, inflation as measured by the deflator more than doubled from 1.90% in 2003 to 4.55% in 2004.
| Thailand: GDP Year/Year % Changes |
Q4 05 | Q3 05 | Q2 05 | Q1 05 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|
| GDP (1988 Bahts) | 5.05 | 6.09 | 6.44 | 6.70 | 6.05 | 6.89 | 5.33 | 2.17 |
| Private Consumption | 5.14 | 5.63 | 5.68 | 6.17 | 5.65 | 6.44 | 5.28 | 4.12 |
| Government Consumption | 5.18 | 0.27 | 4.94 | 7.03 | 4.13 | 2.00 | 1.78 | 2.49 |
| Gross Fixed Investment | 16.16 | 12.01 | 12.86 | 16.65 | 14.35 | 11.88 | 6.54 | 1.13 |
| Inventories* | 17.58 | 18.59 | 10.76 | -27.31 | 19.63 | 9.04 | 6.15 | 10.14 |
| Exports | 5.10 | 8.37 | 11.84 | 6.22 | 7.78 | 7.03 | 11.99 | -4.21 |
| Imports | 3.58 | 12.46 | 20.09 | 13.54 | 12.14 | 7.65 | 13.69 | -5.50 |
| Deflator | 6.07 | 5.10 | 4.81 | 2.20 | 4.55 | 1.90 | 0.69 | 2.11 |
| GDP (nominal) | 11.42 | 11.51 | 11.55 | 9.05 | 10.89 | 6.09 | 6.09 | 4.28 |
