Thailand’s economic performance for the first quarter of 2015


May 19, 2015, the National Economic and Social Development Board (NESDB) submitted its report to the Cabinet on Thailand’s economic performance for the first quarter of 2015.

Some highlights of the Report are as follows:

Real gross domestic product increased at an annual rate of 3.0%  in the first quarter of 2015, improving from the growth of 2.1% in the previous quarter. After seasonal adjustment, GDP grew by 0.3% on the quarter-by-quarter basis.

Expenditure on gross domestic product increased, reflecting an increase in private consumption expenditure, public investment, and goods and services export. Private consumption increased by 2.4%, improving from the growth of 2.1% in the previous quarter. Consumption of durables continued to drop but showed at a better rate than the previous quarter.

The Production side improved almost in all sectors. Construction, hotels, restaurants, grew at a high rate; transportation improved while manufacturing also increased. Construction expanded by 25.4%, accelerating from an increase of 1.3% in the previous quarter. Public construction grew by 44.2% compared to the previous quarter. The growth was from 50.3% expansion in public construction as the disbursement of government increased steadily. Moreover, state enterprise construction also increased 30.4% as well as private construction increased by 1.8%

Source : Royal Thai Government

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