Thailand's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

Thailand's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

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TGM StatBox. (2024). Thailand's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Thailand
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
Thailand's fiscal trajectory has been influenced by economic shocks and recovery phases. The 1997 Asian Financial Crisis led to a steep deficit of -9.0% in 1999. Recovery efforts in the 2000s returned the balance to surpluses, peaking at 2.2% in 2005.

The pandemic widened the deficit to -6.7% in 2021, but recent improvements suggest a narrowing trend. By 2029, deficits are forecast to stabilize around -3.1%, reflecting ongoing fiscal adjustments and economic resilience.

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