## Thailand: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

_IMF Staff Country Reports, June 4, 2018_

## Source details

**Canonical URL:** [Thailand: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand](https://www.imf.org/en/publications/cr/issues/2018/06/04/thailand-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45928)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/06/04/thailand-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45928/index.md)
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## Bibliographic details
- Published: June 4, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484359112.002

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### Key findings: growth and demand
- GDP growth is estimated at 3.9 percent in 2017, boosted by strong tourism services and manufacturing exports.
- A cyclical recovery is under way but has yet to become broad based.
- Domestic demand remained sluggish amid structural challenges.
- Export gains failed to trickle down to household incomes and investments in other sectors.

### Prices and inflation
- Headline inflation averaged 0.7 percent in 2017, below the target band for the third year in a row.
- Low food prices and weak core inflation are cited as drivers of the low headline inflation.

### External sector
- The current account surplus remained large, at about 10.6 percent of GDP.

### Financial sector and stability
- Financial system stability continued to strengthen.

### Outlook and near-term projections
- The growth momentum is expected to continue in 2018 and 2019, supported by sustained export dynamism.

### Thematic policy areas covered
- Expenditure
- Financial sector policy and analysis
- Financial sector stability
- Inflation and inflation targeting
- Monetary policy
- Prices
- Public investment and public-private partnerships (PPP)
- Public investment spending

_International Monetary Fund. Thailand: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand (June 4, 2018)._

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18143.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18143.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/06/04/thailand-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45928_