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Thailand Reports $1.94 Billion December Current-Account Surplus

Jan. 31 (Bloomberg) -- Thailand recorded a current-account surplus in December as the nation started to recover from its worst floods in almost 70 years.

The surplus was $1.94 billion, compared with a $136 million shortfall reported earlier for November, the Bank of Thailand said in a statement today. The median estimate of five economists surveyed by Bloomberg News was for a $1 billion deficit.

The current account is the broadest measure of trade, tracking goods, services and investment income. Trade makes up more than 60 percent of the nation’s current account, and tourism contributes most of the remaining component under the service industry.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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