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Household consumption expenditure in Thailand during the first COVID-19 lockdown

Author

Listed:
  • Oudom Hean

    (College of Business and the Challey Institute for Global Innovation and Growth, North Dakota State University, United States of America)

  • Nattanicha Chairassamee

    (corresponding author, Department of Economics, Kasetsart University, Thailand)

Abstract

The COVID-19 pandemic has been particularly challenging to developing countries, such as Thailand. Although the country has managed to control the outbreak relatively well, changes in the consumer spending behaviour could affect the whole economy. In this study, household consumption expenditure in Thailand during the first COVID-19 lockdown is examined by using descriptive and empirical analyses. The findings of this study indicate that total consumption declined drastically during the first two quarters of 2020. Consumer spending on services dropped significantly during that time, but spending on non-durable goods, durable goods and housing-related expenses increased. These expenditure patterns are similar to those in developed countries in which consumers increased their spending on at-home activities, but reduced their expenditures outside the home.

Suggested Citation

  • Oudom Hean & Nattanicha Chairassamee, 2021. "Household consumption expenditure in Thailand during the first COVID-19 lockdown," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 28(2), pages 1-37, December.
    • Handle: RePEc:unt:japsdj:v:28:y:2021:i:2:p:1-37
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    File URL: https://www.unescap.org/sites/default/d8files/2022-03/APSDJ%20Vol.28_No.2_1_29%2003%202022.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    household; consumption expenditure; developing countries; COVID-19 pandemic; Thailand;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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