F.3) Thailand Development Research Institute's economic forecast

                                         1994     1995     1996

Economic Growth (Real GDP %)
  Agriculture                             3.2      1.9      2.7
  Industries                             10.9     10.7      9.9
  Services                                8.1      8.9      8.6
    Total                                 8.7      8.9      8.6

Inflation Rate (CPI %)                    5.1      5.5      4.8

Total Investment Quantity (% Increase)    9.9     13.8     12.1

Merchandise Export
  Value (Billion Baht)                1,118.0  1,364.8  1,615.8
  Value (% Increase)                     21.3     22.1     18.4

Merchandise Import
  Value (Billion Baht)                1,344.8  1,689.2  1,984.7
  Value (% Increase)                     17.6     25.6     17.5

Trade Balance
  Value (Billion Baht)                 -226.8   -324.3   -368.9
  Value (% Increase)                     -6.3     -7.9     -7.9

Income From Tourism
  Value (Billion Baht)                  145.2    170.8    190.0
  Value (% Increase)                     11.2     17.7     11.2

Current Account Balance
  Value (Billion Baht)                 -211.6   -312.9   -357.3
  Value (% Increase)                     -5.9     -7.7     -7.6

Note: Data for 1994 are from NESDB and the Bank of Thailand

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