BANGKOK, May 25 (Reuters) - Thailand's economy shrank by a
seasonally adjusted 1.9 percent in the first quarter, bigger
than expected, as the global slump in demand and domestic
political unrest pushed the country into recession, data showed
on Monday.
The figure published by the agency was worse than a 1.6
percent contraction forecast by analysts and compared with 6.1
percent contraction in the fourth quarter of 2008. Recession is
commonly defined as two consecutive quarters of economic
contraction.
THAI GROSS DOMESTIC PRODUCT
PERCENTAGE CHANGE
change on:
prev qtr yr earlier
2009 Q1 -1.9 -7.1
Q1 (Reuters poll) -1.6 -6.3
2008 Q4 -6.1 -4.2
Q3 0.5 3.9
Q2 0.3 5.3
Q1 1.1 6.0
2007 Q4 2.0 5.7
Q3 1.7 5.1
Q2 1.0 4.4
Q1 1.0 4.4
2006 Q4 0.8 4.3
Q3 1.2 4.5
Q2 1.3 5.3
Q1 1.1 6.4
2005 Q4 1.2 4.7
Q3 1.8 5.5
Q2 2.2 4.7
Q1 -0.6 3.6
2004 Q4 2.0 5.9
Q3 1.1 6.3
Q2 1.2 6.6
Q1 1.4 6.7
2003 Q4 2.1 8.3
Q3 1.7 6.7
Q2 1.3 6.6
Q1 2.5 6.9
2002 Q4 1.2 6.0
Q3 1.6 5.8
Q2 1.4 5.0
Q1 1.7 4.5
2001 Q4 1.2 2.7
Q3 0.6 2.1
Q2 0.9 2.2
Q1 -0.5 1.7
2009 full year (forecast) -2.5 to -3.5
2008 full year 2.6
2007 full year 4.9
2006 full year 5.2
2005 full year 4.6
2004 full year 6.3
2003 full year 7.1
2002 full year 5.3
2001 full year 2.2
-----------------------------
Q1 2009 Q4 2008
GDP growth (pct, qtr/qtr s/a) -1.9 -6.1
Sectoral GDP growth (pct, qtr/qtr):
Supply side
Agriculture 2.9 -4.8
Manufacturing -6.8 -8.8
Construction 1.9 -6.0
Services and others 1.0 -4.0
Demand side
Household consumption -3.6 -0.1
Government consumption -6.6 9.6
Gross fixed capital formation -12.0 -3.2
Q1 2009 Q4 2008
GDP (pct, yr/yr, real term, demand side)
GDP Growth Rate -7.1 -4.2
Agriculture 3.5 1.6
Non-Agriculture -8.1 -4.9
Manufacturing -14.9 -6.7
Electricity, Gas, Water Supply -2.7 2.5
Construction -7.9 -12.8
Wholesale/Retail Trade, Auto Repair -4.0 -3.2
Hotels and Restaurants -5.0 -7.7
Transport, Storage, Communications -6.5 -10.6
Financial Intermediation 4.2 5.5
Real Estate, Renting, Business Act -0.4 -2.3
Public Admin, Defence 3.8 3.8
Health, Social Work 4.9 5.1
(Reporting by Kitiphong Thaichareon; Editing by Vithoon
Amorn)
