Thailand: Selected Issues

June 7, 2016

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Format: Chicago

Thailand: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses selected issues related to the economy of Thailand. The economy of Thailand is largely dependent on China. A 1 percent decline in China’s GDP lowers Thailand’s output by about 0.2 percent. Population aging is another major issue in Thailand. This Association of Southeast Asian Nations country will face the dual challenge of increasing the coverage of the social security system and ensuring its long-term sustainability. Thailand’s financial sector has expanded rapidly over the last decade, and important changes in its structure have taken place. While corporate debt has remained broadly stable, household debt has increased to one of the highest levels among emerging markets, raising concerns about household debt overhang.

Subject: Aging, Commercial banks, Expenditure, Exports, Financial institutions, International trade, Labor, Pension spending, Pensions, Population and demographics

Keywords: Aging, China, China shock, Commercial banks, CR, Dependency ratio, Employees of state enterprises, Exports, GDP, Global, Household debt, ISCR, Other Asean-5 Countries, Pension spending, Pensions, Public health expenditure, Thailand, Wage cap

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/140
Stock No:

1THAEA2016002
ISBN:

9781484376003
ISSN:

1934-7685

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