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Thailand's economy grew at a faster pace in the third quarter, data from the National Economic and Social Development Board showed Monday.
Gross domestic product expanded 4.3 percent year-on-year, bigger than the 3.8 percent growth posted a quarter ago. The economy was forecast to grow 3.9 percent.
Quarter-on-quarter, GDP advanced 1 percent versus 1.4 percent in the previous three months.
On the expenditure-side, private consumption grew 3.1 percent annually versus 3 percent a quarter ago. Likewise, growth in government spending improved to 2.8 percent from 2.6 percent.
Gross fixed capital formation advanced 1.2 percent, much faster than the 0.4 percent increase seen a quarter ago.
For the external sector, exports and imports of goods and services climbed 7.4 percent and 6.7 percent, respectively.
