4. Economic Policy Management for 2007
The economic management in 2007 should give priorities to the maintenance of economic stability,
productivity improvement and the assistance to people and business sector to adjust to political transition
and the economic slowdown.
Measures to be implemented in 2007 are as follows:
(1) Maintaining agricultural products' price and reviving flood-affected farmers as well as
providing compensation for flood damages with fair and transparent procedure.
(2) Closely monitoring and promoting exports which maybe affected by global economic downturn and
baht appreciation.
(3) Promoting tourism in particular the hi-end tourists from Europe, Japan and the US, together
with retaining market share of Asian tourists which are the major group.
(4) Implementing energy saving measures and developing alternative energy sources as well as
continuing investment in infrastructures in order to enhance the efficiency of logistics system.
(5) Accelerating government budget of FY 2007 from January to achieve no less than 85 percent of
the disbursement rate of no less than 85 percent and prioritizing the investment budget allocation to
infrastructure, health and social projects.
Economic Projection of 2006 - 2007 (1/)
Projection
Preliminary ปี 2549 2550_f
2003 2004 2005 4 Sep 06 4 Dec 06 4 Dec 06
GDP (at current prices: Bil.Bht) 5,917.4 6,489.8 7,087.7 7,761.0 7,810.6 8,474.6
GDP per capita (Bht per year) 93,186.9 101,016.4 109,319.0 118,777.4 119,536.7 128,792.6
GDP (at current prices: Bil.USD) 142.6 161.0 175.9 203.7 205.5 229.0
GDP per capita (USD per year) 2,245 2,507 2,713 3,118 3,146 3,481
GDP Growth (at constant prices, %) 7.1 6.3 4.5 4.5 5.0 4.5
Investment (at constant prices, %) 12.1 13.2 11.1 4.3 4.3 6.2
Private (at constant prices, %) 17.7 16.2 11.0 4.4 4.4 7.0
Public (at constant prices, %) -0.6 5.0 11.4 4.0 4.0 4.0
Consumption (at constant prices, %) 5.9 6.2 5.5 3.3 3.6 3.8
Private (at constant prices, %) 6.5 6.2 4.3 3.8 3.5 3.8
Public (at constant prices, %) 2.5 5.6 13.7 0.8 4.0 4.0
Export volume of goods&services (,%) 7.1 9.6 4.4 8.7 9.3 5.4
Export value of goods (Bil.USD) 78.1 94.9 109.2 124.5 127.6 139.0
Growth rate (%) 18.2 21.6 15.0 14.0 16.8 9.0
Growth rate (Volume, %) 9.5 8.4 4.3 8.8 9.1 5.0
Import volume of goods&services (,%) 8.4 13.4 9.3 3.1 2.6 5.6
Import value of goods (Bil.USD) 74.3 93.5 117.8 128.2 127.6 139.8
Growth rate (%) 17.4 25.7 26.0 8.8 8.3 9.6
Growth rate (Volume, %) 10.6 12.2 8.8 1.2 0.3 4.6
Trade balance (Bil.USD) 3.8 1.5 -8.6 -3.7 0.0 -0.8
Current account balance (Bil.USD)(2/) 4.8 2.8 -7.9 -2.7 0.5 0.2
Current account to GDP (%) 3.3 1.7 -4.4 -1.3 0.2 0.1
Inflation (%)
CPI 1.8 2.7 4.5 4.5-4.7 4.6 3.0-3.5
GDP Deflator 1.3 3.2 4.5 5.0 5.2 4.0
Unemployment rate (%) 2.0 2.0 1.7 1.8-2.0 1.8 1.8
Source: Office of the National Economic and Social Development Board. December 4, 2006
Note: (1/) Preliminary data 2006 - 2007 were adjusted since data from Office of the National
Income Account (GDP) and the Bank of Thailand (Export/Import data) have been revised.
(2/) Reinvested earnings has been recorded as part of FDI in Financial account, and its
contra entry recorded as income on equity in current account.
--National Economic and Social Development Board--
-PM-
The economic management in 2007 should give priorities to the maintenance of economic stability,
productivity improvement and the assistance to people and business sector to adjust to political transition
and the economic slowdown.
Measures to be implemented in 2007 are as follows:
(1) Maintaining agricultural products' price and reviving flood-affected farmers as well as
providing compensation for flood damages with fair and transparent procedure.
(2) Closely monitoring and promoting exports which maybe affected by global economic downturn and
baht appreciation.
(3) Promoting tourism in particular the hi-end tourists from Europe, Japan and the US, together
with retaining market share of Asian tourists which are the major group.
(4) Implementing energy saving measures and developing alternative energy sources as well as
continuing investment in infrastructures in order to enhance the efficiency of logistics system.
(5) Accelerating government budget of FY 2007 from January to achieve no less than 85 percent of
the disbursement rate of no less than 85 percent and prioritizing the investment budget allocation to
infrastructure, health and social projects.
Economic Projection of 2006 - 2007 (1/)
Projection
Preliminary ปี 2549 2550_f
2003 2004 2005 4 Sep 06 4 Dec 06 4 Dec 06
GDP (at current prices: Bil.Bht) 5,917.4 6,489.8 7,087.7 7,761.0 7,810.6 8,474.6
GDP per capita (Bht per year) 93,186.9 101,016.4 109,319.0 118,777.4 119,536.7 128,792.6
GDP (at current prices: Bil.USD) 142.6 161.0 175.9 203.7 205.5 229.0
GDP per capita (USD per year) 2,245 2,507 2,713 3,118 3,146 3,481
GDP Growth (at constant prices, %) 7.1 6.3 4.5 4.5 5.0 4.5
Investment (at constant prices, %) 12.1 13.2 11.1 4.3 4.3 6.2
Private (at constant prices, %) 17.7 16.2 11.0 4.4 4.4 7.0
Public (at constant prices, %) -0.6 5.0 11.4 4.0 4.0 4.0
Consumption (at constant prices, %) 5.9 6.2 5.5 3.3 3.6 3.8
Private (at constant prices, %) 6.5 6.2 4.3 3.8 3.5 3.8
Public (at constant prices, %) 2.5 5.6 13.7 0.8 4.0 4.0
Export volume of goods&services (,%) 7.1 9.6 4.4 8.7 9.3 5.4
Export value of goods (Bil.USD) 78.1 94.9 109.2 124.5 127.6 139.0
Growth rate (%) 18.2 21.6 15.0 14.0 16.8 9.0
Growth rate (Volume, %) 9.5 8.4 4.3 8.8 9.1 5.0
Import volume of goods&services (,%) 8.4 13.4 9.3 3.1 2.6 5.6
Import value of goods (Bil.USD) 74.3 93.5 117.8 128.2 127.6 139.8
Growth rate (%) 17.4 25.7 26.0 8.8 8.3 9.6
Growth rate (Volume, %) 10.6 12.2 8.8 1.2 0.3 4.6
Trade balance (Bil.USD) 3.8 1.5 -8.6 -3.7 0.0 -0.8
Current account balance (Bil.USD)(2/) 4.8 2.8 -7.9 -2.7 0.5 0.2
Current account to GDP (%) 3.3 1.7 -4.4 -1.3 0.2 0.1
Inflation (%)
CPI 1.8 2.7 4.5 4.5-4.7 4.6 3.0-3.5
GDP Deflator 1.3 3.2 4.5 5.0 5.2 4.0
Unemployment rate (%) 2.0 2.0 1.7 1.8-2.0 1.8 1.8
Source: Office of the National Economic and Social Development Board. December 4, 2006
Note: (1/) Preliminary data 2006 - 2007 were adjusted since data from Office of the National
Income Account (GDP) and the Bank of Thailand (Export/Import data) have been revised.
(2/) Reinvested earnings has been recorded as part of FDI in Financial account, and its
contra entry recorded as income on equity in current account.
--National Economic and Social Development Board--
-PM-