19.11.201723:28:00UTC+00Thai GDP Growth Accelerates In Q3

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.