Recent Updates
- Norway: International Reserves (Feb-Prelim)
- Denmark: Bankruptcies by Industry (Feb)
- Belarus: International Reserves (Feb)
- Estonia: CPI (Feb)
- Australia: Official Reserve Assets (Feb)
- more updates...
Economy in Brief
U.S. Initial Unemployment Insurance Claims Rise Just 9,000
Initial claims for unemployment insurance rose modestly by 9,000 to 745,000 in the week ended February 27...
U.S. Productivity's Decline Lessened in Q4'20; Reverses Q3 Increase
Revisions to nonfarm business sector productivity indicated a 4.2% decline during Q4'20...
EMU Unemployment Rate Steadies in January
The overall EMU unemployment rate was steady in January, off peak, but still elevated...
U.S. ADP Nonfarm Private Payroll Increase Disappoints in February
Job market strength moderated last month....
U.S. ISM Services Index Weakens in February
The ISM Composite Index of Services Activity declined to 55.3 during February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 |