59831 2553 : : mverghis@worldbank.org fgilsander@worldbank.org 30 989 1 10330 (662) 686-8300 www.worldbank.or.th () ( ) Ivailo Izvorski ( ) Mariem Malouche () () Ashley Taylor ( ) () Ekaterina Vostroknutova () Antonio Postigo-Angon () Peter King () () () () Shabih Mohib () Emerson Climate Technologies () . . i AAT Auto Alliance Thailand MA Moving average () ADB Asian Development Bank MAI Market for Alternative Investment AFTA ASEAN Free Trade Agreement MLR Minimum Lending Rate ARCM Asian Research Centre on Migration MNCs Multinational companies ASEAN Association of Southeast Asian Nations MOAC Ministry of Agriculture and Cooperatives ATIGA ASEAN Trade in Goods Agreement MOC Ministry of Commerce B/E Bill of exchange MOF Ministry of Finance BAAC Bank for Agriculture and Agricultural NBC National Broadcasting Commission Cooperatives BAY Bank of Ayudhya NBTC National Broadcasting and Telecommunications Commission BBL Bangkok Bank NCB National Credit Bureau BIS Bank for International Settlements NESDB National Economic and Social Development Board BOB Bureau of the Budget NIM Net interest margin BOI Board of Investment NPL Non-performing loan ii BOP Balance of payments NSO National Statistics Office BOT Bank of Thailand NTC National Telecommunications Commission CAR Capital Adequacy Ratio NVDR Non-Voting Depository Receipt CDD Community-driven development OCSC Office of the Civil Service Commission CDS Credit default swap OECD Organization for Economic Cooperation and Development CGD Comptroller's General Department OIE Office of Industrial Economics CODI Community Organization and Development PDMO Public Debt Management Office Institute () COM Commodity trade statistics database PISA Programme for International Student Assessment TRADE CPB The Crown Property Bureau PPI Producer price index CPI Consumer price index R&D Research and development CSMBS Civil servant medical benefits scheme ROA Return on assets DECPG Development Economics Department, Economic ROE Return on equity Prospects Group iii E&E Electrical and electronics ROH Regional operating headquarters EAP East Asia and the Pacific SA Seasonally adjusted EBITDA Earnings before interest, taxes, depreciation and SAAR Seasonally-adjusted annualized rate amortization EEA Emerging East Asia SCB Siam Commercial Bank ETF Exchange-traded fund SCIB Siam City Bank EU European Union SEC Securities and Exchange Commission . FDI Foreign direct investment SET Stock Exchange of Thailand FIDF Financial Institutions Development Fund SFI Specialized financial institution FSMP Financial Sector Master Plan SMEs Small and medium enterprises FTA Free Trade Agreement SOEs State-owned Enterprises FY Fiscal Year SP Stimulus package ( 1 30 ) G3 Group of 3 (US, Japan and the Euro area) TAFTA Thailand-Australia Free Trade Agreement - GDP Gross Domestic Product TAO Tambon Authority Office iv GEP Global Economic Prospects TCAP Thanachart Capital () GFCF Gross fixed capital formation TDRI Thailand Development Research Institute GNFS Goods and non-factor services TFEX Thailand Futures Exchange () () ICT Information and communication technologies THB Thai baht IMT International mobile telecommunication TKK Thai Khem Kaeng IT Information technology TMB Thai Military Bank ITFTA India-Thailand Free Trade Agreement URR Unremunerated Reserve Requirement - ITU International Telecommunications Union USD US dollar JTEPA Japan-Thailand Economic Partnership UTCC University of the Thai Chamber of Commerce Agreement - KAM Knowledge assessment methodology VAT Value-added tax Kbank Kasikorn Bank WDI World Development Indicators KK Kiatnakin Bank WITS World Integrated Trade Solution KTB Krung Thai Bank WTO World Trade Organization LDR Loan-to-deposit ratio v 1 ............................................................................................................................................................................... 1 2 .............................................................................................................................................. 6 2.1 .......................................................................................................................................................................... 7 2.2 ............................................................................................................................................................ 17 2.2.1 .............................................................................................................................................. 18 2.2.2 ........................................................................................................................................................ 21 2.2.3 ....................................................................................................................................................... 27 2.3 ........................................................................................................................................................ 29 2.3.1 ............................................................................................................................................ 29 2.3.2 .................................................................................................................................................. 30 2.3.3 ......................................................................................................................................................... 37 2.4 .................................................................................................................................................................. 38 2.5 ............................................................................................................................... 44 2.5.1 Stance ........................................................................................................................... 44 2.5.2 ...................................................................................................................... 46 2.6 ............................................................................................................................. 52 2.6.1 ................................................................................................................................................................. 52 2.6.2 ..................................................................................................................................................................... 59 3 ................................................................................................................................. 62 3.1 ......................................................................................................................... 62 3.2 ........................................................................................................................................ 79 3.3 .............................................................................................................................. 93 1: ............................................................................................................................ 98 2: ....................................................................................................... 100 1. ........................................................................................................................................................ 101 2. ............................................................................................................................. 102 3. .............................. Error! Bookmark not defined. 4. ................................................................................................ 110 5. ................................................................................................................................................... 113 vi 1. : ............................................................................................................................................................... 9 2. 3G .......................................................................................... 33 3. ............................... 72 4. - TDRI ........................................................................................................ 88 1. . ........................................................................................ 1 2. . .......................................................................................................................................................................................... 1 3. 2553 ................................................................................................................................................................................ 2 4. . .................................................................................. 2 5. "" .............................................................................................................................................................. 3 6. G-3 ............... 3 7. . ............................................. 4 8. 8 . ..................................................................... 5 9. 2553.................................................. 7 10. . ....................................................... 7 11. ............... 7 12. . ........................................................................................................................................................ 8 13. . .................................. 8 14. (.. 2550-2553).................................................... 11 15. .. 2550-2553 .......................................................................... 11 16. (.. 2550-2553). ................................................................... 11 17. ...................................................... 11 18. 3 2553. ........................................................................................ 18 19. ....................................................................................... 18 vii 20. G3 . ................................................................... 20 21. ............................................................................................... 20 22. 2553............................................................... 21 23. ..................................... 21 24. . .. 22 25. G3 . . 22 26. . ..................................... 24 27. ................................ 24 28. .................... 25 29. . ... 25 30. ........................................... 26 31. 2553 2554 ........................ 26 32. . ... 27 33. . .................................................... 27 34. ...................... 28 35. 2553. ......................... 28 36. .................. 28 37. ............................................................................ 28 38. . .............................................. 30 39. . ...................................................................... 30 40. 90 . ..................................................................................... 31 41. ............................................ 31 42. ... ............................................................................. 32 43. . ..................................................................................................................................... 32 44. 2552 . .............................................................................................................................................................................. 33 45: 6 . .................................................................. 34 46: . .............................. 34 47: . ................................................................................. 36 48. . ............................................... 38 49. ........................................................................................................................ 38 50. . .......... 38 51. . ..................................... 39 viii 52. .. .............................. 39 53. . ....................................................................................................................... 40 54. 80 . ........................................................................................................... 40 55. ............................. 42 56. (CDS spread) . .................................................................................................................................... 43 57. ........................................................................................................................................................................................................ 43 58. .......................................................................................................................................... 45 59. ... ............................. 45 60. ......................................... 45 61. .............................................................................................................. 45 62. . ............................. 46 63. . ................................... 46 64. . ........................................................................................ 47 65. 2553 ......................................... 47 66. .............................................................................................. 49 67. . ................................... 49 68. 10 2553... .......................................................... 50 69. ... ASEAN .................................................... 50 70. . ...................................... 51 71. 2553 . .... 51 72. ............................................................................................... 53 73. . ....................................................................................... 53 74. .................................................................................... 54 75. 10 . ..................................................................................................................... 54 76. 2553. ............................................................................................................... 54 77. 2553. .................................................. 54 78. NPL SFI 2552 ............................ 56 79. 2552. ........................................................ 56 80. ... ............................................................................................ 59 81. ... ........................................................................................................................ 59 82. 2552 . ....................... 60 83. 2551 . ................... 60 ix 84. . ........................................ 61 85. 2552 . ........................................................ 62 86. 2. .... 62 87. .................................................................................. 63 88. 2551. ............................................................ 63 89. . ................................ 68 90. . ....................................... 68 91. ... ....................................................................................................... 68 92. ... . ................................................................................................................ 68 93. . ............ 73 94. . .................................................................... 73 95. ........ 80 96. 10 . .................. 80 97. ... ..................... 81 98. ... . .................................... 81 99. ... ............................................................................. 82 100. ... . .......................................................................................................... 82 101. . ................................ 83 102. NIEs. ................................................................ 83 103. ......................................................................................... 84 104. ............................................. 84 105. . ..................................................... 85 106. GDP ........................................................................................................................................................................................................ 86 107. ICT ................................................................................ 86 108. . ................................................................................... 86 109. . ............................................................... 86 110. 2 5 () .................................. 89 111. .......................................................................................................................... 89 112: " ?" ..................................................................................................................................... 89 113: / ........... 89 114. ..................................................................................................................................................................................... 92 x 115. 5 .............. 92 116. .............................................................. 92 117. ............................................. 92 118. .................................................. 93 119. ..................................................... 94 120. ................................... 94 121. ... .................................................................. 95 122. ... ........... 95 123. ............................................................................................................................ 97 1. GDP .. 2552-2554 ................................................................................................................. 6 2. .. 2553 ....................................................................................... 13 3. .............................. 15 4. . .......................................................................................................................... 19 5. ................................................................................................. 40 6. ............................................................................................................................................... 43 7. 2553. ........................................................................................... 47 8. 3. ................................................................................... 48 9. 2553 ..................................................... 50 10. . ................. 57 11. NVDR . .... 57 12. 2553........................................................................... 58 13. () .................................................................... 65 14. 2542-2546 ............................................................................................ 90 15. ........................................................................................................ 91 16. .................... 96 xi 1 2 1. (1) GDP (2) ( ) ( 15 ) (3) 2 3 ( 1) 2 GDP 2 ( : . 50 ) 2. GDP (Q1/2551 = 100) ( 17 ) GDP 3 GDP ( 13 ) : . GDP ( 2) : 1/ 2 1 << 2553 3. 2553 2553 2553 2552 1.35 () 2.06 ( : . 2552 6) 4. 1.66 () 1.85 1.9 GDP ( 3) GDP . 0.5 - 3 ( 4) 1.2 3 ( ) : . 2 << 2553 5. " . 0.25 " 1.75 ( ) ( 5) : World Bank Global Development Prospects 6. G-3 % ( 6) (1) (2) 2 2553 : . 2554 3 << 2553 7. GDP 2-3 () ( 2553 ) 7.5 2552 ( ) 2554 4 2553 3.2 ( 7) : Datastream ( 8) 85 (sterilized interventions) 4 << 2553 8. 8 ( 2551 = 100) (safety net) : (BIS) 5 << 2553 2 GDP 2 3 2553 GDP 4 ( 2 2552 ­ 1 2553) 2 GDP 3 ( ) ( 1 9) 1 GDP, .. 2552-2554 (, ) 2552 2553 2553 2554 GDP 2552 1 2 3 4 p p p 63.4 0.1 5.0 6.7 4.5 0.1 4.0 4.7 53.3 -1.1 3.9 6.4 5.0 0.6 4.0 4.9 10.1 7.5 11.0 8.4 2.0 -3.0 4.4 3.6 20.7 -9.2 12.1 11.3 8.0 4.9 9.0 5.1 5.7 2.7 6.9 -4.9 -5.2 3.5 -0.8 5.0 15.0 -13.1 13.8 17.8 14.5 5.3 12.7 5.1 81.7 -6.9 19.3 8.4 11.5 0.8 9.6 4.2 65.4 -12.5 16.6 22.3 11.7 7.6 14.2 4.5 52.7 -13.6 16.8 28.4 13.1 8.5 16.3 4.3 12.7 -7.7 15.8 -5.8 5.0 4.0 5.4 5.5 47.0 -21.5 33.3 24.6 21.2 6.4 20.3 6.4 37.4 -23.1 44.8 31.3 24.9 7.3 25.1 5.8 9.7 -14.6 -2.3 1.3 5.4 2.5 1.7 9.7 18.3 23.9 -12.1 15.3 -14.2 11.2 -1.6 -1.7 9.2 1.3 -2.2 1.5 -3.3 -3.5 -2.1 2.0 44.3 -5.0 20.9 16.1 10.5 3.5 12.5 3.5 46.6 -0.2 6.3 3.3 4.3 3.0 4.2 3.1 GDP 100.0 -2.3 12.0 9.2 6.7 2.5 7.5 3.2 (.) p 6 << 2553 2.1 9. 2553 Year-on-Year Growth Rate (percent) 2 ( 3) 2 22 () 20 3 3 2 7 3 2 3 ( 10) . 2 3 12 2 ( 11) 3 ( 18 14) ( 1) 10. 11. Billions of Thai Baht, seasonally adjusted Manufacturing Production, SA (index: 2000=100, right axis) . (.) 7 << 2553 12. 13. Index based on seasonally-adjusted levels (2008 Q1 = 1000). Bars Year-on-year Growth Rates (percent) compare the changes in tourist consumption with the difference in growth between domestic consumption and the retail sectors. . . . 1/: ( ) 2 3 ( ) 2.1 2 () 2 58 12 3 2553 2554 3.9 3.3 15 2 3 6 ( 2 3 --- 13) 255 2539 .. 2553 13) 8 << 2553 3 15 ( ) 3 33 15 500,000 1 : 1 12 GDP () 90 2540 1 2 2541 74.5 75.1 .. 2539 ( 14) 1 Contributed by Antonio Postigo-Angon. 9 << 2553 146 2545-2551 2550 ( 15) 2552 51.8 37.3 .. 2540 47.1 ( ) .. 2552 ( 15) 70 2552 - 2553 1.06 93.4 68 ( 1 ) 2553 488,088 53.5 583,533 85.5 130 ( 16) 2540 10 << 2553 14. 15. .. (.. 2550-2553) 2550-2553 Units (thousands) Units (thousands) 16. 17. (.. 2550-2553) Percent of Units Exported UDS million . 11 << 2553 .. 2548-2558 2 .. 2528 ( 90 ) 90 21 2543 2549 .. 2550 5 .. 2553 .. 2552 7.1 6.2 .. 2553 15 ( ) / - 2553 ( 2) 2553 15 17 2551 2 12 << 2553 Auto Alliance Thailand (AAT) .. 2553 AAT 11 (GM) 15 .. 2553 4 .. 2553 ( 42.8 ) 2552 () / 2. .. 2553 15 3 15 15 4 Auto Alliance 11 (- 530 2 200 2 3.5 3 7.5 3 () 13 << 2553 ( 2) 25 GM 1.6 100 ( ) (AFTA) (ASEAN Trade in Goods agreement ATIGA) 2553 7 5 ( 3) 2554 ATIGA AFTA AFTA - (TAFTA) .. 2553 3) TAFTA 2548-2551 2.5 2553 3.2 - (TIEHA) TIEHA 84 4 auto transmission TIEHA - 2553 - 2555 14 << 2553 3. () AFTA/ATIGA .. 2553 (.. 2536) 0 6 .. 2558 - (TIEHA) .. 2549 (.. 2546) - (TAFTA) (.. 2548) .. 2548-2553 .. 2548 .. 2558 .. 2548-2553 - (JTEPA) 80 0% (.. 2550 60 3000 .. 2544 2554 .. 2554 .. 2556 .. 2561 JTEPA ( 3) 15 << 2553 2554 2556 JTEPA JTEPA JTE A 1.6 60 5 20 720,000 2553 55 2553 ATIGA ( ) () 2554 6 ( ) 16 << 2553 ATIGA DRB- HICOM ( 23 648 ) 2.2 (new normal) 2 3 2553 1 ( ) 3 (G3) 2 3 G3 17 << 2553 2.2.1 2553 3 4.2 2 18.7 ( 2) 3 ( 4 2552 2 2553 2.5 (percentagepoint)) ( 18 18. 3 2553 19. Import Demand, Year-on-year Growth Index (2000=100) CEIC 75-85 17 ( 6 ) ( ) 2551 ( 19) 11 18 << 2553 G3 4 OECD 2.5 ( 2541-255 0.8 2550-2555 () (.. 2550-2555) ( 8 8.1) 4 2554-2555 4. 2541-2550 2550-2555f 2551 2552e 2553f 2554f 2555f (GNFS) 9.1 3.0 3.2 -11.6 11.2 6.8 7.2 G-7 ... 3.1 -0.2 1.5 1.6 1.8 2.7 3.8 -0.3 2.0 2.2 2.4 ( USD) 0.0 -21.6 16.8 -4.0 -5.4 (US$ ) 97.0 61.8 78.1 74.6 73.9 (+/- ) 36.4 -36.3 26.4 -4.5 -0.9 GDP 2.6 0.9 0.4 -3.3 2.3 2.4 2.7 OECD 2.5 0.8 0.3 -3.4 2.2 2.3 2.6 2.3 0.0 0.4 -4.1 0.7 1.3 1.8 1.2 0.0 -1.2 -5.2 2.5 2.1 2.2 2.9 -0.2 0.4 -2.4 3.3 2.9 3.0 OECD 4.5 2.9 3.0 -1.7 4.2 4.2 4.5 5.5 5.3 5.7 1.7 6.2 6.0 6.0 8.1 8.0 8.5 7.1 8.7 7.8 7.7 4.3 -1.8 4.5 4.4 4.6 World Bank Global Economic Prospects (GEP) summer 2010 (June), and World Development Indicators. 19 << 2553 .. 2553 G3 G3 ( 3 Thailand Economic onitor 2553) G3 ( 20) 2553 ) 9.5 2553 8 2554 20. G3 21. OECD Composite Leading Indicators sa (100=long-term average) Billions of US dollars Amplitude-adjusted standardized index. East Asia and Pacific Update, October 2010. (OECD) 2553 6.5 GDP 2550 2.2 2552 9 2553 2550 G3 ( 21) 20 << 2553 2.2.2 2553 2552 ( ) 18 2553 ( 22) 36 17.4 2553 2551 (peak) 2553 24 ( (median) 2546-2550) 2553 ( 23) 22. 23. 2553 Percent Billions of US dollars Percent Year-on-Year (3-month moving average) . . 21 << 2553 ( 22) 20 ( 23) ( ) 2540-2541 Dot.com 2544 2540-2541 ( 24) 2551 ( 2551) 7 .. 254 20 3 () 24. 25. G3 Movements in monthly export value (sa), t=0 shows beginning of export Contribution to year-on-year export growth (percent) declines (in parentheses), and are set equal to 100 EEA (Emerging East Asia) () 3 3.3 4.3 2540-2543 -1.2 -0.2 2551 2553 22 << 2553 2552 ( 25) ( 2548-2550) 45 G3 2553 G3 G3 ( ) () 2552 2553 G3 ( ) 2545-2549 ( 26) 15 2553 10 17 G3 3 2538 G3 4 2553 () 2551 4 80 ( 60 G3) 40 Kim, Soyoung, Jong-Wha Lee and Cyn-Young ark 2 1 , "The ties that bind Asia, Europe, and United States", ADB Econ. W No.192. 23 << 2553 2552 2553 2553 75 2551 ( 27) 2551 25515 11-16 26. 27. Changes in average annual market shares (percent) "Lagged behind earlier but picked up lately" Agriculture All products Fishery High-tech Resource based, labor intensive "Recovered firmly until Jun 10 but fell afterwards" 2553 2553 2553 80 ( 27) () 1.20 ( 2551) 5 ( 2550 100) 2551 147 129 111 117 24 << 2553 1.38 2553 15 ( 28) () 30 ( 29) ( 30) 28. 29. Percent Percent Percent Haver Haver 2553 2553 21 28 13 2552 2553 10 ( 31) 2554 3 17 2553 1.35 1.67 2552 2554 25 << 2553 30. 31. 2553 2554 Index of commodity prices in current US dollars (Jan 07=100) Forecast goods export value in 2010 and 2011(billions US$). Horizontal axis shows months that surveys were conducted. DECPG ( ) ( ) 50 50 ( 32) 5.5 10 2553 2554-2555 2553 2553 14.2 11 ( 33) 2554 4.5 6.8 2554-2555 26 << 2553 32. 33. Year-on-year real growth rates (percent) . DECPG WDI 2.2.3 2551 2552 2553 1.2 2553 ( 34) 8 ( 35) OECD 60 2543 50 2552 2553 27 << 2553 34. 35. 2553 Percent Million persons USD Percent . . ( 36) 36. 37. Contribution to year-on-year tourist arrival growth (percent) Year-on-year growth percent CEIC 28 << 2553 20 2551 2552 ( 37) (Outsourcing) () 2552 2.3 2 () 6.9 2 50 GD ) 1.4 2 3 ( 4 ) ) 2 1.1 96 () 1.3 3 2.3.1 2 5.4 4.7 2 3 2553 2 3 ( ) 2553 ( 38) 29 << 2553 3 ( ) 3 6 38. 39. Year-on-year growth rate (percent) Interest rate (percent) Index (2008=100) Consumer Confidence Index . . 2554 ( 39) 2 2554 ( 3.1) 2.3.2 2 3 14.5 ( ) 17.8 13.8 2 1 90 ( ) ( 40) 5.2 4.9 ( ) 2 3 () 3.8 2 3 30 << 2553 11 2 3 2553 2539 69 2539 40. 90 41. Year-on-year growth rate (percent) Capacity utilization rate (percent) . . OIE 2554 ( 41) ( 2554) 3G 6 2 ( 6 2 3G 74 76 11 67 (EIA HIA) 18 ( ) 11 31 << 2553 1) 2554 (FDI) 2553 2553 2552 2550 2551 75 2552 2553 ( 42) ( 6 43 ( 1) 4 2554 255 24 2550 7 2553 42. 43. Shares in total FDI (percent) US$ million So . . 2553 2552 2 0.5 (percentagepoint) 2552 2 3 32 << 2553 4 44) 2554 44. 2552 . 2. 3G 3G 7 3G (the 8 International Telecommunication Union ITU IMT-2000 3G 2543 255 3G 190 40 2552 3G ( ) 570 4G 3G 3G 2G 6 7 1 (1G) 80 2 ( ) 8 IMT-2000 "International obile Telecommunication--2 " 33 << 2553 () ( 46) 15-2 45. 6 46. Percent Households with access to broadband (percent) OECD, ICT Eurostat 2553 9 10 1.4 McKinsey & Co. 10 1.4 3G 3G 2 9 Qiang, Christine Zhen-Wei (2009). Broadband Infrastructure Investment in Stimulus Packages: Relevance for Developing Countries. World Bank. 10 McKinsey & Company (2009). Mobile Broadband for the Masses: Regulatory levers to make it happen. February. 34 << 2553 2 15 5 3G 2111 2G 3G 9 47 2553 2G 6 99) 255 2G 15 2551 17 255212 0.7 93 ( 3) 3G 2553 4 3G 3G (.) () . 3G () () 3G 2G 3G 11 Qualcomm. Regulatory Consideration: Understanding the Relationship between IMT-2000, IMT-Advanced and BWA. 12 National Telecommunication Commission (2010). Information Memorandum: Spectrum Licensing for IMT Mobile Phone Service in the Frequency Band of 2.1 GHz. July. 35 << 2553 47. Mobile cellular subscriptions (per 100 people) DDP, 3G 3G 24 . 3G 2 3G (.) . . 3G 3G 3G 13 13 36 << 2553 2.3.3 GDP 9.3 1.9 0.8 2549 ( 48) 4.9 5.2 ( ) 2 3 ( .) . 2553 2 2553 ( .) 31.7 16.8 2553 14 35 15 3 1 7 ( 3.1 2553 67 (234 ) 40 ( 49) 9 2553 2552- 2553) () 16.2 8 5 2554 2554 2554 125 35 60:40 68 2554 344 75 258 2553 326 11 ( 50) 14 400 ( 50 ) 15 7 / (1) (2) (3) (4) (5) (6) (7) 37 << 2553 48. 49. Year-on-year growth rate (percent) Baht billion Disbursement rate (percent) . ( 30 2553) 50. Baht billions 2.4 2553 2553 1.35 1.5 ( 51) 2553 . (2548) 20 80 38 << 2553 6 GDP 2553 1.67 10 96 .. 2553 1.9 GDP 51. 52. . () : . : . 2554 2553 2554 2.07 ( 20.4 GDP) 2554 16.6 12.6 2553 ( 5) 23 19.8 GDP 3.2 GDP 1.9 GDP (Exit strategy from fiscal stimulus) 39 << 2553 . 350 ( 52) 2554 48 (1.6 ) 5 2553-2556 5 2553 2554 1,350 1,650 22.2 1,700 2,070 21.8 - 1,434 1,662 15.9 - 474.5 496 4.5 ( 28 ) ( 24 ) - 214.4 344.5 60.7 50.9 32.5 -36.1 - 30.34 350 420 20 ( GDP) 3.4 4.0 : ., . 53. 54. 80 : . : 40 << 2553 2555 2545 2 GDP 2 2548-2551 255816 2553 400,000 . .. 2491 3 2554 ( 53) 35 ( 54) 27 (FIDF) (Partial fiscal consolidation) GDP 46 255817 GDP ( 55) GDP 45 2563 46.6 2557 .. 2552 16 17 1 5.0 2557 2.0 GDP 0.8 GDP GDP 41 << 2553 55. GDP ( ) : ., . . 2554-2555 (Permanent shock) (i) 0.9 2554, (ii) 30, (iii) 10 GDP, (iv) ( 6) GDP 55 1.5 GDP ( 2552 1.0) GDP 50 2563 GDP 42 << 2553 6. ( ) 2553 2554 2555 2556 2557 2558 2563 GDP 44 46 46 46 46 46 45 1. 1.1 44 43 42 42 41 41 39 1.2 44 45 46 47 47 48 51 1.3 1/ 44 46 47 48 48 49 55 2. Bound test 2.1 0.8 2555 44 48 48 49 49 49 48 2.2 30 2554 44 47 48 47 47 46 44 2.3 10 2554 44 55 55 55 54 53 50 : ., . . 56. (CDS spread) 57. (basis points) CDS spread (basis points) () : : Datastream, : , , , , , 43 << 2553 ( 12 : CDS spread 3 2551) (CDS spread) 2 ..-.. 2553 0.2-0.3 0.4 3-7 ( 57) 2.5 2.5.1 Stance 2.8 1.1 12 ( ) 2549-2550 ( "" 58) (.) 0.5 ­ 3 ( ) ( 2553 59) 1.7 36 - 5.8 ( 28 60) (output gap) ( 3 2) . 2 3 0.75 . 2552 2.50 2551 ( 61) . . 44 << 2553 58. ... 59. ... CPI, month-on-month change, 12-m moving average, annualized (percent) Capacity utilization (percent) : : . 60. 61. Real interest rates (policy rate minus inflation), percent. Percent change year-on-year : : . ( 62) 8 ( 63) 45 << 2553 . 62. 63. () ( 1/2547 = 100) () : : 2.5.2 7.7 GDP 2552 2.4 2553 ( 7) 25 2552 30 2553 ( 53 2553) 2552 2552 ( 40-50 ) 2551 2553 8.5 2533- 2542 2551 . 2549 2553 ( 64 65) 2552 ( 65) G3 12 4 ( 8) 46 << 2553 7. 2553 2551 2552 2553p 2554p 175,232 150,743 178,795 193,857 (, ) 15.9 -14.0 18.6 8.4 175,604 131,356 174,226 193,458 (, ) 26.8 -25.2 32.6 11.0 -371 19,387 4,568 399 ( GDP) -0.4 21.4 4.5 0.4 2,528 2,472 3,015 2,212 2,157 21,860 7,584 2,611 ( GDP) 2.4 24.2 7.5 2.4 22,536 4,010 13,222 7,604 24,693 25,870 20,805 10,215 ( ) 111,008 136,878 157,683 167,898 : 64. 65. 2553 US$ million US$ million Basis points : . : . 47 << 2553 8. 3 2552 2553 2552 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1. 1,481 -149 -56 1,736 -50 591 -16 867 2. 590 -176 -22 687 100 751 390 1,941 3. -4,004 -1,287 -416 -1,127 -1,174 31 832 997 4. 7,846 -2,112 922 4,323 4,712 1,428 2,095 3,069 5. -9,808 -64 -3,581 -3,794 -2,370 960 -1,902 1,254 4,495 1,271 795 968 1,461 1,536 713 1,867 - 5,291 1,473 1,256 908 1,653 1,763 930 1,575 - -796 -202 -461 60 -193 -228 -216 292 -7,700 275 -3,653 -2,644 -1,679 1,372 -264 688 - 1,274 154 287 883 -50 190 -919 940 - 1,029 224 224 745 -164 394 -764 492 - 245 -70 63 138 114 -204 -155 448 - -8,974 121 -3,940 -3,527 -1,629 1,182 655 -252 () -1,272 26 -157 -162 -979 449 -613 -212 -2,687 -1,283 166 -1,112 -458 -2,192 -1,195 -772 -5,331 -1,636 -566 -1,956 -1,173 -2,396 -1,738 -1,089 -3,896 -3,788 -3,153 1,826 1,219 3,762 1,400 8,128 : 2553 4 2.5 ( 66) 200,000 6.7 5-6 ( 67) 48 << 2553 66. 67. THB billion Ownership of bonds by foreigners (percent) : : (1) (2) (sterilized interventions) (3) ( 18) . ( 9) 7 0.5 ( 68) 2 7 20 2548 ( 69) 2540-2541 10 18 2553 http://siteresources.worldbank.org/THAILANDEXTN/Resources/333295-1280288892663/THM_June2010_fullreport.pdf 49 << 2553 9. 2553 1. (1) (2) 50 (3) 10 2. (1) 20,000 50,000 (2) 3. (1) (2) 50,000 : 68. 10 69. ... 2553 ASEAN ( 2553 = 100) ( 2551 = 100) : . : BIS 50 << 2553 23.6 (sterilized interventions) 11 5 2554 3 4 3 70. 71. 2553 . . () () : . : . (sterilized intervention) 15 . (unremunerated reserve requirement URR) 2549-2550 2551 . . . . 51 << 2553 30 2552 957 2553 2539 2.6 ( ) 2552 2553 ( ) 2.6.1 2553 3.6 4 2552 2 2553 2553 9 2552 18 2551 30 2554 G3 86 4 2552 88 2 2553 (LDR) 105 108 ( 72) 2 2553 4 2552 3.6 0.4 2553 52 << 2553 12.6 12 2553 50 72. 73. () : . : . (NPL) 4.5 ( 4.9 2552) 2.4 ( 2.7 73) NPL 379,000 2552 356,000 2553 ( 6) NPL NPL 16.7 2548 1 12.3 1 7 NPL ( 74) 2 2553 30,700 2548 (ROA) 1 2552 1.2 2553 2553 22.7 2552 ( 75) 6 41 53 << 2553 74. 75. 10 : . : . 76. 2553 77. 2553 () () : . : ( ) (NIM) ( ) 3.05 2552 3.10 2553 ( 76) 12 1.04 ( ­ 2552) 0.72 2553 (minimum 54 << 2553 lending rate MLR) 6.29 ( ­ 2552) 6.05 2553 1.18 ( 0.46) MLR 6.19 ( 0.14) MLR ­ 2552 3 2540 2 2553 1 3 14 3 (electronic fund transfers) 3 . 15 2553 . (TDRI) . . 3 ATM . 2552 (SFI) 2553 15 2552 SFI 20 2 ( 77) SFI 2553 SFI 8 7 4 SFI ( 3.1) (.) 55 << 2553 . . . NPL SFI ( 78) NPL ( NPL 2-3 ) (CAR) ( 9) 78. NPL SFI 79. 2552 2552 NPL () CAR () : . : . 15 25 1 1 ( 2) . 2 20 ATM 20 14 ( 10) 2540 25 49 49 10 56 << 2553 19 (Thai NVDR) Thai NVDR (11) 10. 25.00 25.00 - 49.00 49.00 2549 5 (3 ) 7 2 2553 3 (1 ) 7 4 2553 ( 1 ( ) 4 9 Thai NVDR) : . (DP/03/2007) 11. NVDR ( ) Thai NVDR ( ) ( ) StdChart 99.87 0 99.87 UOB 99.66 0 99.66 ICBC 97.24 0.11 97.24 CIMB 93.15 0.43 93.15 TISCO Thai NVDR 14.24 14.24 49.00 49.00 KBANK Thai NVDR 23.51 23.51 48.98 48.98 BAY GE 32.93 15.3 47.20 47.20 KK Thai NVDR 11.45 11.45 40.63 44.00 BBL Thai NVDR 25.75 25.75 25.00 25.00 TMB 26.11 6.31 38.62 50.36 TCAP MBK 9.75 8.72 37.89 49.00 SCIB . 99.24 0 0.18 25.00 SCB CPB 21.31 4.24 35.17 45.81 KTB FIDF 55.31 3.08 21.63 25.00 : www.setsmart.com : FIDF = GE = General Electric CPB = 19 (Non-Voting Depository Receipts NVDR) (Thai NVDR) NVDR NVDR NVDR NVDR 57 << 2553 Thai NVDR = (NVDR (Non-Voting Depository Receipt) ) MBK = . 2553 ( 12 80) 50 4.25 30 3.83 2552 ( 81) 12. 2553 2550 % %G 2551 % %G 2552 % %G 2553p % %G 330 5.3 49.0 228 2.0 -30.9 502 4.6 120.0 573 5.4 14.2 553 8.8 -38.4 421 3.7 -23.9 886 8.1 110.4 597 5.6 -32.7 64 1.0 -8.5 122 1.1 91.3 100 0.9 -18.4 47 0.4 -52.7 ./ 4,125 65.8 311.8 9,272 81.8 124.8 8,419 77.0 -9.2 8,449 79.7 0.3 FIDF/ PLMO 213 3.4 49.0 282 2.5 32.7 437 4.0 55.0 285 2.7 -34.8 976 15.6 32.5 985 8.7 1.0 561 5.1 -43.1 642 6.1 14.5 5 0.0 12 0.1 150.1 0.0 10 0.2 7.4 18 0.2 85.2 12 0.1 -33.7 6 0.1 6,270 100.0 11,334 100.0 10,929 100.0 10,599 100.0 : : FIDF = PLMO = 58 << 2553 80. 81. ... () () : : 2.6.2 2 293,000 34 ( 82) 1 85 2 19 2552 2.2 8.8 2551 3.6 14.8 2553 3 2549 ( 83) 3,600 24 5 (SET) (MAI) 7.63 30 2552 35 SET 2 (.) (proprietary trading) 59 << 2553 (day trading) 75 82. 2552 83. 2551 : (.) : . (SMEs) SMEs SMEs SMEs 33 62 82 ( 84) 60 << 2553 84. : Doing Business 2010 : 61 << 2553 3 3.1 2553 2 2 3 () ( ) ( 85 86 1 , 85. 2552 86. 2 12-month MA, Index (1986=100) 12-month MA, Index Index of real wages (2007 Q1 = 100) . 62 << 2553 ( ) ( 87 2551 ( 88) 9 255 2551 28 2553 2553 87. 88. 2551 Year-on-year changes (percent) Increase in the poverty line, 2007 to 2008 (percent) Increase in poverty, 2007 to 2008 (percentage points) 3 ( 2549 17.5 2553 23) 63 << 2553 20 2 4 15 3 (Asian Research Centre on Migration ARCM) 2552 2553 () () () ( ) () 2553 " " " " ( 13) 18.5 4, 12.3 20 40 64 << 2553 13 ( ) 200 1,700 100 300 215 347.20­580 1,900 195 360 240 560­739.20 3,500 210 450 440 763.20­1,160.80 3,800 230 500 475 1,000 4,900­11,900 230 900 475 " 15 " , 2552 4-5 15 2552/2553 210,673 8,627 ( 33 ) ( 45 ( ) ( ) 65 << 2553 " " 2552 2540 500 60 ( ) 30 2553 7,618,702 2552 2553 5,173,141 31,038 254 66 << 2553 2 2552 21 2552 2553 2553 2 2 6,233,893 24 ( ) 1 -1 5 2 -3 1 32-6 6 3, 500 2 , 6 2552 1,183,335 122 8 ( 89) 100,000 1.8 1.2 GDP ( 90) 10 21 60 2553 67 << 2553 4 1 1 30 2553 89. 90. THB billion 91. 92. Debt volumes (THB billion) Success rate (percent) Debt volumes (THB billion) Success rate (percent) Success rate ( 556,518 58 ( 68 << 2553 122 ) ( ) 20 ( 91 92) A C 200-300 50,000 2 10 / 69 << 2553 2552 22 3 -4 ) ( ) 14 25 4.35 2552 3.5 447,306 4 ,328 2551 2552 554,067 22 5 Thailand Economic oitor 2553 70 << 2553 (1 -2 ) 25 3 3-4 ( ) ( ) 43,000 ( ) 71 << 2553 " " 3 2547 ( ) 2547 2 2547 2553 9,446 4,100 6,509 / 2,188 5,111 23 2543 35.6 16.6 21 15.1 2547 18.4 2549 16-17 2550 2552 300,000 10 2553 " - ", 23 28 2553 " " www.deepsouthwatch.org and www.south.isranews.org 72 << 2553 93. Poverty incidence (percent) . 2547 0.7 5.9 6.31 2551 0.4 2552 2552 44 ( 94) 94. Year-on-year growth rate (percent) . 73 << 2553 2 3 24 255 2552 73.5 3 (2552-2555) 6 (1) (2) (3) (4) (5) (6) 2553 3,000 2555 64, 12 , 2555 2,9 1 3 (2553) 9 1 1,000 2554 2555 901 696 3 ( ) 205 74 << 2553 4 (.) 3 20 1) 2) 3) 4) ( 120,000 ) 75 << 2553 4 70,000 4 16, 3 5 70,000­75,000 2552 1 " " " " 2 2552 2 64,000 " 20 " 76 << 2553 1) 2 2) . . 3) 4) 5) 12 , ) 6) (1) (2) (3 (4) 77 << 2553 2 "" 2552 3 (community-driven development CDD) 78 << 2553 3.2 24 2513-2522 0.7 0.57 ( 95) 10 ( 96) (WTO) (industrial clusters) (product space) (task space) ( ) ( 97) 24 Ekaterina Vostroknutova Shahid Yussuf and Kaoru Nabeshima, Industrial Change in the Bangkok Urban Region, mimeo, 2010. 79 << 2553 25 ( 98) (hard disk drives) 95. 96. 10 () () : UN COMTRADE : UN COMTRADE G-3 (value chain) 25 3 77 (SITC3 category 77) S. Leduc, M. Marazzi and B.A.Wilson. 2007. The role of China in Asia: Engine, Conduit, or Steamroller?, Board of Governors of the Federal Reserve System International Finance Discussion Papers, #904, September. 80 << 2553 97. 98. ... () Source: WITS. Source: WITS. (R&D) () Griffith Redding Van Reenen 2547 (OECD)26 (learning by doing) (total factor productivity) 99 100 26 Griffith, R., S. Redding and J. Van Reenen. "Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries," Review of Economics and Statistics, November 2004, Vol. 86, No. 4, 883-895. 81 << 2553 99. 100. ... ... R&D 2544-2551 R&D 2544- ( (PPP) 2551 2548) Catching up Leaders Leaders Followers Falling behind R&D GDP ( 2549-2551) ()) R&D 10,000 ( 2549-2551) : UNESCO : UNESCO (knowledge economy) ( ) GDP (NIEs) ( 101) ( 102)27 NIEs 27 ( Hidalgo, César A., 2009, The Dynamics of Economic Complexity and the Product Space over a 42 year period, CID Working Paper No. 189, December 2009) ( ) 100 82 << 2553 101. 102. NIEs (0-10, =10) () 2548 () (dots) Ln GDP : World Bank Knowledge Assessment Methodology Innovation Index (KAM) 2009 : Hidalgo, 2009 : : 3 / 100 ? (1) (MNC) (2) 28 ( ) (ICT) (enrollment rate) 28 Gill, I. and H. Kharas, 2007, The East Asian Renaissance, The World Bank, Washington DC. 83 << 2553 () ( 103) World Economic Forum ( 104) 3 ( 105)29 (IT) 42 ( 43 ) 103. 104. Percent : EdStats : World Economic Forum : 100 () 29 World Bank, 2008, Thailand Investment Climate Assessment Update, Report No 44248-TH, Washington DC. 84 << 2553 105. : World Bank Enterprise ( ) Connectivity Scorecard 2010 : (ICT) ICT (broadband) (ICT) (voice traffic) ICT ( 106) ( 107) 3 (3G) 2 40 30 ( 108) (venture capital) GDP ( 109)31 30 World Bank, 2008, Thailand Investment Climate Assessment Update, Report No 44248-TH, Washington DC. 31 Lerner J., 2009, Boulevard of broken dreams: Why public efforts to boost entrepreneurship and venture capital have failed -- and what to do about it, Princeton University Press, Princeton, NJ, USA 85 << 2553 106. 107. ICT GDP 500 400 Voice calls per capita 300 200 100 Malaysia Czech Republic Korea, Rep. Thailand 0 4 6 8 10 12 Logarifm of GDP per capita : WDI. : World Economic Forum 108. 109. Percent GDP (percent) : Enterprise Surveys ( ) : Lerner, 2009 R&D (SME) R&D ( 40 40 60) 86 << 2553 R&D SME 32 (suppliers) (home country) ( 1) (lean supply chain) (privatization) ICT 15 (.. 2551 ­ 2565) (SMEs) .. 2550-2554 5 32 World Bank, 2010, East Asia and Pacific Economic Update: Robust Recovery, Rising Risks, www.worldbank.org/eapupdate. 87 << 2553 4. - TDRI33 (incremental innovation) 50 40 5 ( 110) ( 111) ( ) 34 (relational clustering) . (technological spillovers) (suppliers) ( 112) R&D ( 113) (clustering impulse) 33 " ) Yussuf and Nabeshima (2010) 88 27 30 31 50 2000 (TDRI 2009) 34 10 88 << 2553 (buyer-supplier relationships) 110. 2 5 111. () : TDRI 2552 : TDRI 2552 112. " 113. / ?" : TDRI 2552 : TDRI 2552 89 << 2553 R&D 35 2542-2546 ( 14) 2551 36 ( 15) 14: 2542-2546 (0 - 1 - 5 - ) 1999 2001 2003 R&D Inno R&D Inno R&D Firms Inno Firms Firms Firms firms Firms 3.33 2.71 4.27 4.08 2.55 3.66 / 2.51 2.11 3.38 3.22 1.75 2.68 3.40 2.91 4.08 3.73 2.48 3.76 2.58 2.18 3.39 3.05 2.00 2.97 2.69 2.15 3.10 3.05 1.92 2.75 1.99 1.64 2.46 2.13 1.56 2.03 1.92 1.63 2.14 1.95 1.51* 2.08* 1.05** 1.59** 1.65 1.54 2.18 1.95 1.20 1.79 1.97 1.80 2.59 2.39 1.44 2.24 2.48 2.22 2.71 2.59 1.83 2.84 1.44 1.39 2.17 2.07 1.26 1.75 2.40 2.11 3.12 3.10 2.00 2.85 2.47 2.09 3.16 2.68 1.88 2.70 2.73 2.23 3.25 2.73 1.92 2.69 2.42 2.04 3.54 3.45 2.32 3.34 : * ** : Doner and others (2010: 34) 35 Toyota Technical Center Asia Pacific (TTC-AP) 2548 TTC-AP Toyota Motor Asia Pacific Co. Toyota Motor Asia Pacific engineering and Manufacturing Co. 2550 ( Yussuf and Nabeshima, 2010). 36 Towards a Knowledge Economy in Thailand. Bangkok: World Bank (2008). 90 << 2553 15: 8 17.8 2 3.6 1 1.9 () 7 15.6 4 7.3 6 11.5 6 13.3 4 7.3 5 9.6 6 13.3 2 3.6 2 3.8 4 8.9 12 21.8 14 26.9 () 3 6.7 15 27.3 12 23.1 2 4.4 1 1.8 0 0.0 2 4.4 2 3.6 1 1.9 2 4.4 1 1.8 3 5.8 0 0.0 3 5.5 3 5.8 5 11.1 9 16.4 5 9.6 45 100.0 55 100.0 52 100.0 : TDRI 2552 / (suppliers) () ( 30) ( 20) 5 ( 114) ( 115)37 5 ( 116 ) 37 Brimble, P. and R. F. Doner, 2 7. "University-Industry Linkages and Economic Development: The Case of Thailand." World Development 35(6): 1021-1036. 91 << 2553 1142. 115. 5 : TDRI 2552 : TDRI 2552 116. 117. : TDRI 2552 : TDRI 2552 92 << 2553 3.3 38 ... GDP 2551 ( 118) 39 50 2553 (tradability) GDP 118. a. GDP b. c. 2/2551 = 100 2/2551 = 100 2/2551 = 100 : : x-12 arima : x-12 : Haver Analytics package arima package : : CEIC 38 Ashley Taylor. 39 Borchert, I. & attoo, A. 2 9 , "Services trade ­ The collapse that wasn't", http://www.voxeu.org/index.php?q=node/4281. 93 << 2553 ... ... GDP 2 51 GDP 2527-2531 44 2547-2551 ( 119) GDP ( 120) 119. 120. : WDI : WDI : GDP High- : income 2004-2006 ECA 2004- 2007 ... 2545-2552 GDP ( 121) 2545 24 ( 53) 2552 8 ( 41) 94 << 2553 121. 122. ... ... GDP 2545- GDP 2545- 2552 ( ) 2552 ( ) Ln (GDP ) 2552 Ln (GDP ) 2552 : CEIC, Haver Analytics : CEIC, Haver Analytics : GDP ( 2531) : GDP ( 2531) GDP GDP Ln Ln ( 122) GDP ( 16) 2545-2552 2552 1 4 2545-2552 log ( 0.55) 95 << 2553 16. GDP GDP 2552 2545-2552 2552 2545-2552 13.73% 3.14% 16.08% 3.31% 3.75% 4.16% 6.99% 4.12% 9.87% 3.89% 3.20% 2.32% 3.91% 10.60% 1.01% 5.71% 3.94% 4.42% 2.09% 7.56% 2.94% 2.76% 3.54% 5.46% 2.57% 3.93% 2.97% 2.63% 1.30% 3.50% 1.84% 6.90% 1.96% 4.49% 2.25% 5.01% 0.09% 1.59% 0.65% 0.38% : 44.06% 4.08% 40.70% 3.90% 39.04% 5.68% 14.96% 1.07% : CEIC Haver Analytics 2548 (ASEAN Economic Community Blueprint) 2550 2558 40 40 http://www.aseansec.org/publications/AFAS-2009.pdf 96 << 2553 (modes) ( Dee 2553 Investing Across 41 Borders Analysis (IFC) 123) 123. : IFC Investing Across Borders, 2010 : 41 Philippa Dee (2010), "Services Liberalization toward the ASEAN Economic Community", ERIA Research Project 2009 No. 3, Tracing the Progress toward the ASEAN Economic Community, http://www.eria.org/research/y2009-no3.html. 97 << 2553 1: 2551 2552 2552 2553 2553 4 1 2 3 .. .. (% ) 2.5 -2.3 5.9 12.0 9.2 6.7 .. .. ( 2543=100) 178.9 166.1 185.2 191.8 186.4 191.8 183.7 201.5 (% ) 3.9 -7.2 11.6 31.2 17.6 9.8 8.4 8.1 (%) 1.4 1.5 1.0 1.1 1.3 0.9 0.9 0.9 (%) 1/ 4.8 -1.6 -2.1 -0.6 2.8 4.1 .. .. (% ) 5.5 -0.8 1.9 3.7 3.2 3.3 3.3 3.0 (% ) 2/ -1.9 -3.8 -7.3 -5.7 6.4 2.7 .. .. (% ­ ) 3/ 38.2 43.9 43.9 43.9 43.4 42.6 42.4 42.1 ( ) -0.4 19.4 2.6 2.1 4.6 3.3 0.9 3.2 (fob ) 175.2 150.7 42.8 44.0 48.1 49.7 16.3 18.0 (% ) 15.9 -14.0 12.0 32.1 41.8 22.2 23.6 21.8 : (% ) 7.6 -15.2 12.8 57.5 27.2 21.4 25.2 11.9 (cif ) 175.6 131.4 40.2 41.8 43.5 46.4 15.4 14.7 (% ) 26.8 -25.2 1.5 63.6 44.8 30.7 49.7 41.1 ( ) 2.2 21.9 4.6 5.7 1.7 2.0 0.3 2.8 (% ) 0.8 8.3 6.4 7.3 2.2 2.6 .. .. ( ) 4/ 7.5 4.5 1.5 1.5 0.7 1.7 0.7 0.5 ( ) 5/ 65.2 69.5 69.5 73.7 81.1 .. .. .. (% ) 24.0 26.4 24.1 23.7 26.6 .. .. .. ( ) 5/ 24.2 27.4 27.4 30.0 37.2 .. .. .. (% ) 6/ 7.1 6.7 6.1 5.2 5.5 .. .. .. 98 << 2553 ( ) 111.0 138.4 138.4 144.1 146.8 163.2 155.2 163.2 ( ) 7.9 13.2 8.9 9.0 8.7 9.2 10.0 10.5 (% ) 6/ 9.3 3.1 3.1 6.0 8.5 10.8 9.8 10.8 () 7/ 3.40 1.35 1.25 1.25 1.25 1.67 1.75 1.75 () 33.4 34.3 33.3 32.9 32.4 31.9 31.7 31.2 ( 2543=100, ) 8/ 112.8 108.8 107.8 111.1 115.0 115.0 114.6 116.3 (% ) 0.5 -3.6 -1.9 1.6 4.9 6.1 2.6 5.1 450 735 735 759 797 979 913 979 Memo Items: () 272.2 263.4 72.0 77.8 76.3 78.0 .. .. ( ) 9,080.5 9,041.6 2,399.5 2,560.1 2,471.4 2,492.6 .. .. ( 2543 ­ ) 3,084.8 2,895.8 .. .. .. .. .. .. 1/ ( ) 2/ 3/ 4/ 5/ : 6/ IFS ( ) 7/ ( ) 8/ : 99 << 2553 100 << 2553 2: 1. 2. 3. 4. 5. 1. 101 << 2553 . 6 19 2553 " " 4 1) 2) 3) 4) 102 << 2553 2. . 6 ­ 12 (NCB) 2553 NCB 10 2554 NCB NCB 6 . 5 50 5 10 500,000 20,000 50,000 5 . . 20,000 50,000 2 (FSMP) 4 2552 2 2553 ­ 2557 3 2553 (SFI) SFI 8 3 (1) 103 << 2553 (2) (3) 1 2 (2553 ­ 2557) 2 4 (1) (2) (3) (4) . 2554 50 1 1 1 11 2554 2555 . 6 (...) (.) (...) . (primary listing) (1) (MLAT) (2) (3) . . 6 (Thai ETFs on foreign ETFs) 104 << 2553 (World Federation of Exchanges) 2 (1) . (2) TFEX (gold futures) 50 () () (TFEX) TFEX 10 (151.6 ) 2 2553 TFEX TFEX 5 18 2553 5 5 2 1 TFEX THBFIX 6 BIBOR 3 (The Capital Market Development Master Plan CMDMP) (2553-2557) 2557 6 ­ 12 2553 CMDMP 2552 (...) 2553 5 5 (1) (2) (3) (4) (5) (Sukuk) CMDMP ... 2553 105 << 2553 (.) . 27 4 2554 16 11 . 6 ­ 12 (NCB) 2553 NCB 10 2554 NCB NCB 106 << 2553 3. . 6 (.) 80 2558 95 2563 2558 2558 2.21 3.5 3 5 720 0 200 100 2553 ­ 2557 3.90 2551 6 2557 30,000 107 << 2553 1) 2) 15-20 3) 4) 2553 ­ 2556 GAP (Good Agricultural Practice) 1) 2) 10 3) 4) 10 .. 2553-2557 1) Data Center 8 data center 2) (One Start One Stop Investment Center ­ osos) 4 90 OSOS - 2 ( 2553 ­ 2557) 108 << 2553 . 6 . 6 ICT ICT 1,000 578 2554 ICT - 1) 2) 3) - . 6 30 5-10 3 2553 109 << 2553 . 6 6 1) 2553 2548 2551 2) 10 3) 3 2553 1) ( 2553 ) 6 2556 2) 2552 90 80 5) 110 << 2553 4. 42 . 6 . 6 .. .. ..2554 .. .. 2552 (1) 37,830 .. 37,830 (2) 67,560 .. 67,560 (3) .. .. .. . .. 2551 108 .. .. .. ... ... .. .. .. .. .. .. . 6 42 (2548-2550) 111 << 2553 2555 6-12 .. 2552 2550 ... . 6 .. .. 2 4 13 (1) 1 / / (2) 2 (3) 3 (4) 4 / (International Anti-Corruption Conference: IACC) 14 10 2553 3 112 << 2553 1. 2. 3. * 113 << 2553 5. . 6 26 2553 5,000 500,000 600,000 7 1 2553 21 2553 9,000 14 2553 2553/2554 15,300 / 25 10 2553 2552 2 ... 5 . 6 26 2553 1. 2. 2 75,000 2553 15,000 14 2553 114 << 2553 17 2553 .. 2554 . 6 12 2554 1) 2) 3) 4)