Page 64 - E-BOOK

Production
Production in field of agriculture, forestry, and fishery sector, manufacturing sector, accommodation and
food services sector, and transportation and storage services sector reduced for 3.4%, 5.7%, 36.6% and 21.0%,
respectively. In 2020, the gross domestic product (GDP) was 15.7 trillion Baht (502 billion USD), and GDP per capita
of Thai people was 225,913.8 Baht/ person/ year (7,219.2 USD/ person/ year)

Economic stability
The headline inflation rate was at -0.8% in average, with current account surplus at 3.3% of GDP.

62

Source: Office of the National Economic and Social Development Council
Remark: Data as of 15 February 2021

Asset management Company’s business
From the overview of shrinking economic condition as above mentioned, it affects the NPLs in the
financial institutions to get higher. According to the information of the Bank of Thailand as of 2020, the
NPLs in the financial institutions were valued for 523,261 million Baht, with increasing expansion for 12.52%
compared with 2019 at 465,033 million Baht. This indicated the tendency of higher NPLs in the financial
institutions as shown in below diagram.