Sovereign Risk Country Scorecard: Thailand, Q4
​Thailand’s composite score is slightly below the average of its peers (Indonesia, Peru, China, Malaysia and Vietnam). The country’s economy is recovering, but the outlook is subject to several risks. GDP growth stood at 3.2% in 2016 and is projected to remain stable in 2017 according to the IMF, but below that of most other ASEAN economies. Thailand appears to be resilient to external challenges, with high international reserves and relatively low foreign debt acting as a buffer against global uncertainty. However, its current account surplus is projected to decrease over the medium term with a reversal in oil prices. The Chinese slowdown and the new United States Presidency could also undermine Thailand’s external position in 2017. Moreover, the King's death in October 2016 is leading to political uncertainty. On a positive note, poverty and inequality have consistently declined since the mid-2000s.
Beyond Ratings is an independent Macro-financial risk services company dedicated to country and Sovereign risks. Our team of experts and analysts builds on our proprietary risk methodology and advanced indicators. Founded in 2014, we assess countries wealth, monitor their economic and financial performance and resilience to global risks, such as energy prices and climate change. Our clients use our services for risk management, investment advisory, financial engineering and reporting requirements. Our clients are pension funds, asset managers, infrastructure funds, development banks, commercial banks and insurers.
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