Thailand’s National Transfer Accounts (NTA) 2021:
A Country Overview

The COVID-19 pandemic, which began in 2019 and continued to impact Thailand throughout 2021, presented a significant national crisis. It disrupted individuals across all age groups daily routines, lifestyles, education, and the ability to work and earn income. Furthermore, Thailand’s demographic structure is undergoing a significant shift. The proportion of children and working-age adults is steadily declining, while the older adult population is growing. This trend will have lasting consequences for the future labor market supply. These combined phenomena – the pandemic and demographic changes – have resulted in both positive and negative changes to Thailand’s economic and social landscape. To address the emerging challenges, the government needs to establish clear management guidelines and policies tailored to the specific needs of different age groups within this evolving population structure.

National Transfer Accounts (NTA) serve as a crucial tool for policymakers. NTA data provides empirical evidence that illuminates the complex relationship between a country’s economic structure and its demographic makeup. Specifically, the NTA 2021 offer valuable insights into the social and economic impacts of the COVID-19 pandemic on different age groups in Thailand. This data empowers policymakers to conduct comprehensive analyses and develop appropriate measures in response to the current situation.

The NTA 2021 data will be presented in two complementary formats, offering insights at both the individual and national levels.

Average Values per Capita: This section will present average values for labor income, consumption expenditure, asset-based reallocation, and public and private transfers for individuals within each age group.

National Aggregate Values: This section will present national aggregate values that align with the overall figures reported in Thailand’s National Income (NI) data. These values are calculated by multiplying the average values per capita by the corresponding population size within each age group. This approach provides a comprehensive national picture of Thailand’s overall labor income, consumption expenditure, asset-based reallocation, public and private transfers, including the labor income deficit across all age groups. This comprehensive dataset serves as a valuable resource for policy-makers as they develop strategies to address Thailand’s labor income deficit and promote sustainable economic and social development.