Fiscal Balance in Thailand
The fiscal balance in Thailand averaged -3.4% of GDP in the decade to 2022, slightly above the Asia-Pacific regional average of -3.6% of GDP. The fiscal balance in Thailand was -2.7% of GDP in 2022. For more fiscal balance information, visit our dedicated page.
Thailand Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Thailand from 2024 to 2023.
Source: Macrobond.
Thailand Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -3.0 | -5.2 | -4.8 | -3.5 | -3.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai fiscal balance projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Thai fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai fiscal balance projections.
Want to get access to the full dataset of Thai fiscal balance forecasts? Send an email to info@focus-economics.com.