Thailand Economic Monitor, April 2011
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World Bank, Bangkok
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The pace of economic activity is
gradually returning to pre-crisis levels. After a
roller-coaster of sharp drops, vigorous rebounds and mild
contractions, Gross Domestic Product (GDP) was up 4.8
percent in the last quarter of 2010 on a seasonally-adjusted
annualized (SAAR) basis, closer to pre-crisis, normal
levels. For 2010 as a whole, GDP expanded by 7.8 percent
from 2009. Growth was broad-based, with significant
contributions from external and domestic demands.
Thailand's economy is one of the most energy intensive
in the region because of the large (and growing) share of
energy-intensive manufacturing in the economy and high
proportion of cargo transported by trucks. Thailand can
reduce its vulnerability to oil price shocks by raising fuel
standards, improving tax incentives for conservation and
relying more on rail for cargo transport.
Palabras clave
ADVANCED ECONOMIES, AGRICULTURAL OUTPUT, AGRICULTURAL PRICES, AGRICULTURE, ALTERNATIVE ENERGY, ALTERNATIVE INVESTMENT, ASSETS, BALANCE OF PAYMENTS, BANK LENDING, BANK OFFICE, BILL, BOND, BOND MARKET, BOND MARKETS, CAPITAL FLOWS, CAPITAL GOODS, CAPITAL INFLOWS, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, COMMERCE, COMMODITY, COMMODITY PRICES, CONSENSUS FORECASTS, CONSOLIDATION, CONSUMER CONFIDENCE, CONSUMER PRICE, CONSUMER PRICE INDEX, CONSUMER PRICES, CONSUMERS, CONSUMPTION GROWTH, COPPER PRICES, CORE INFLATION, COST OF LIVING, CREDIT BUREAU, CURRENCY, CURRENCY APPRECIATION, CURRENT ACCOUNT, CURRENT ACCOUNT SURPLUS, DAMAGES, DEBT, DEBT CRISIS, DEBT INSTRUMENTS, DEMAND GROWTH, DEPENDENCY RATIOS, DEPOSIT, DEPOSIT RATES, DEPRECIATION, DEVELOPING ECONOMIES, DEVELOPMENT ECONOMICS, DISPOSABLE INCOME, DIVERSIFICATION OF EXPORT, DOMESTIC CONSUMPTION, DOMESTIC DEMAND, DOMESTIC DEMAND GROWTH, DOMESTIC DEMANDS, DURABLE GOODS, ECONOMIC COOPERATION, ECONOMIC DISRUPTIONS, ECONOMIC GROWTH, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, EMERGING MARKET, EMERGING MARKET ECONOMIES, ENERGY PRICES, EQUILIBRIUM, EQUILIBRIUM LEVEL, EQUITIES, EXCHANGE BANK, EXCHANGE COMMISSION, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPORT DIVERSIFICATION, EXPORT GOODS, EXPORT GROWTH, EXPORT MARKETS, EXPORT PERFORMANCE, EXPORT VOLUME, EXPORT VOLUMES, EXPORTERS, EXPORTS, EXTERNAL DEMAND, FERTILITY RATE, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL SECTOR, FISCAL DEFICIT, FISCAL POLICY, FISCAL POSITION, FOOD PRICE, FOOD PRICES, FORECASTS, FOREIGN CAPITAL, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENTS, FOREIGN INVESTORS, FOREIGN LIABILITIES, FREE TRADE, FREE TRADE AGREEMENT, FUTURES, FUTURES EXCHANGE, GDP, GDP PER CAPITA, GLOBAL DEMAND, GLOBAL ECONOMIC PROSPECTS, GLOBAL ECONOMY, GLOBAL MARKET, GOVERNMENT BONDS, GOVERNMENT DEBT, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, GROSS NATIONAL INCOME, GROWTH RATE, GROWTH RATES, IMPORT, IMPORT CONTENT, IMPORT DEMAND, IMPORT GROWTH, IMPORTS, IMPORTS GOODS, INCOME GROWTH, INCOMES, INDUSTRIAL ECONOMICS, INFLATION, INFLATION EXPECTATIONS, INFLATION FORECAST, INFLATIONARY DYNAMICS, INFLATIONARY PRESSURES, INFORMATION TECHNOLOGY, INTEREST RATES, INTERNATIONAL FINANCIAL STATISTICS, INTERNATIONAL MARKETS, INVENTORIES, INVENTORY, LABOR MARKET, LABOR MARKETS, LEADING INDICATORS, LOW INTEREST RATE, LOW INTEREST RATES, MARKET BARRIERS, MARKET DEVELOPMENT, MARKET ECONOMIES, MARKET SHARE, MARKET SHARES, MERCHANDISE, MERCHANDISE EXPORT, MERCHANDISE EXPORTS, MONETARY POLICIES, MONETARY POLICY, MULTINATIONAL COMPANIES, NATIONAL INCOME, NATURAL DISASTERS, NET EXPORTS, OIL COMMODITIES, OIL DEMAND, OIL PRICE, OIL PRICES, OIL SUPPLY, PENSION, PENSION FUND, POLITICAL STABILITY, POLITICAL TURMOIL, PORTFOLIO, POVERTY REDUCTION, PRICE CHANGES, PRICE CONTROLS, PRICE INDICES, PRICE INFLATION, PRICE VOLATILITY, PRIVATE CONSUMPTION, PRIVATE INVESTMENT, PRODUCER PRICE, PRODUCER PRICE INDEX, PRODUCER PRICES, PUBLIC DEBT, PUBLIC FINANCE, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PURCHASING, PURCHASING POWER, RAPID GROWTH, REAL EXCHANGE RATE, REAL GDP, RECESSION, REGIONAL INFLATION, REGIONAL MARKETS, RETAIL, RETAIL TRADE, RISK MANAGEMENT, SALE, SALES, SECURITIES, SLOWDOWN, SOCIAL DEVELOPMENT, SOCIAL PROTECTION, SOVEREIGN DEBT, SPREAD, STANDARD DEVIATION, STOCK EXCHANGE, STOCK MARKET, STOCKS, STRONG DEMAND, STRUCTURAL REFORM, SUPPLY CAPACITY, SUPPLY CHAIN, SUPPLY CHAINS, SUPPLY DISRUPTIONS, SUPPLY SHOCKS, SUPPLY SIDE, SURPLUS, SUSTAINABLE GROWTH, TOTAL EXPORT, TOTAL EXPORTS, TRADABLE GOODS, TRADE ACCOUNTS, TRADE NEGOTIATIONS, TRADE REGIME, TRADING VALUES, UNCERTAINTIES, UNEMPLOYMENT, VALUE ADDED, VALUE INDEX, VOLATILITY, WAGES, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD TRADE