Key information about Thailand Government Debt: % of GDP

• Thailand Government debt accounted for 58.3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 57.5 % in the previous quarter.
• Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Sep 2025.
• The data reached an all-time high of 58.3 % in Sep 2025 and a record low of 5.7 % in Mar 1998.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Public Debt Management Office provides Government Debt in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Thailand Government Debt: % of GDP

• In the latest reports, Thailand National Government Debt reached 340.6 USD bn in Oct 2025.
• The country's Nominal GDP reached 144.8 USD bn in Sep 2025.

The national debt of Thailand was *********** U.S. dollars in 2024. Between 1996 and 2024, the national debt rose by ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Thailand recorded a Government Debt to GDP of 63.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Thailand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Thailand was 63.2 percent in 2024. Between 1996 and 2024, the ratio rose by 48.01 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by 5.69 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Thailand National Government Debt

• Thailand National Government Debt reached 340.6 USD bn in Oct 2025, compared with 337.6 USD bn in the previous month.
• Thailand National Government Debt data is updated monthly, available from Oct 1997 to Oct 2025.
• The data reached an all-time high of 340.6 USD bn in Oct 2025 and a record low of 6.3 USD bn in Nov 1997.

CEIC converts monthly Government Debt into USD. Public Debt Management Office provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Thailand National Government Debt

• In the latest reports, Thailand Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 58.3 % of its Nominal GDP in Sep 2025.
• Thailand Nominal GDP reached 144.8 USD bn in Sep 2025.

Historical dataset showing Thailand national debt by year from 1990 to 2023.

In 2024, the central government debt in Thailand reached around **** trillion Thai baht. The figures displayed a gradual increase in debt in the country over the past ten years.

Thailand Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 55.745 % in Dec 2024. This records an increase from the previous number of 55.551 % for Sep 2024. Thailand Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 55.315 % from Mar 2023 (Median) to Dec 2024, with 8 observations. The data reached an all-time high of 56.148 % in Mar 2024 and a record low of 54.299 % in Jun 2023. Thailand Gross Public Debt: % of GDP: General Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Thailand TH: IMF Forecast: General Government: Gross Debt: % of GDP data was reported at 41.892 % in 2023. This records an increase from the previous number of 41.888 % for 2022. Thailand TH: IMF Forecast: General Government: Gross Debt: % of GDP data is updated yearly, averaging 41.890 % from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 57.826 % in 2000 and a record low of 15.193 % in 1996. Thailand TH: IMF Forecast: General Government: Gross Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Thailand – Table TH.IMF.FM: Government Finance Statistics.

Thailand Govt Debt: Domestic: Local Government data was reported at 240.000 THB mn in Oct 2018. This records a decrease from the previous number of 244.000 THB mn for Sep 2018. Thailand Govt Debt: Domestic: Local Government data is updated monthly, averaging 89.000 THB mn from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 513.000 THB mn in Aug 2012 and a record low of 0.000 THB mn in Sep 2006. Thailand Govt Debt: Domestic: Local Government data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F037: Government Debt.

In 2024, the central government's domestic debt in Thailand amounted to over * trillion Thai baht. In the same year, the Thai central government's external debt was around **** billion Thai baht.

Thailand Gross Public Debt: % of GDP: General Government: Foreign Currency data was reported at 0.578 % in Dec 2024. This records a decrease from the previous number of 0.604 % for Sep 2024. Thailand Gross Public Debt: % of GDP: General Government: Foreign Currency data is updated quarterly, averaging 0.757 % from Mar 2023 (Median) to Dec 2024, with 8 observations. The data reached an all-time high of 0.929 % in Mar 2023 and a record low of 0.578 % in Dec 2024. Thailand Gross Public Debt: % of GDP: General Government: Foreign Currency data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Actual value and historical data chart for Thailand Central Government Debt Total Current Lcu

Actual value and historical data chart for Thailand Central Government Debt Total Percent Of GDP

Thailand Govt Debt: GG: Domestic data was reported at 684,209.200 THB mn in Sep 2018. This records a decrease from the previous number of 689,539.500 THB mn for Aug 2018. Thailand Govt Debt: GG: Domestic data is updated monthly, averaging 346,550.000 THB mn from Jun 1996 (Median) to Sep 2018, with 268 observations. The data reached an all-time high of 882,936.900 THB mn in Jul 2014 and a record low of 221,208.700 THB mn in Aug 1996. Thailand Govt Debt: GG: Domestic data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F037: Government Debt.

Thailand: External debt, percent of Gross National Income: The latest value from 2023 is 38.47 percent, a decline from 41.76 percent in 2022. In comparison, the world average is 54.39 percent, based on data from 112 countries. Historically, the average for Thailand from 1970 to 2023 is 36.77 percent. The minimum value, 11.54 percent, was reached in 1973 while the maximum of 96.05 percent was recorded in 1998.

In 2024, government debt securities in Thailand amounted to over ** trillion Thai baht. These debt securities included treasury bills, bonds, and promissory notes. The figures show a gradual increase in debt securities throughout the years.

This bar chart displays central government debt (% of GDP) by currency using the aggregation average, weighted by gdp in Thailand. The data is filtered where the date is 2021. The data is about countries per year.

Key information about Thailand External Debt

• Thailand External Debt reached 201.2 USD bn in Jun 2025, compared with 197.3 USD bn in the previous quarter.
• Thailand External Debt: USD mn data is updated quarterly, available from Mar 1999 to Jun 2025.
• The data reached an all-time high of 204.3 USD bn in Mar 2023 and a record low of 49.9 USD bn in Jun 2004.

CEIC extends history for quarterly External Debt. The Bank of Thailand provides External Debt in USD based on BPM6. External Debt prior to Q1 2005 is based on BPM5.


Related information about Thailand External Debt

• In the latest reports of Thailand, Current Account recorded a deficit of 1.8 USD bn in Oct 2025.
• Thailand Direct Investment Abroad expanded by 4.5 USD bn in Jun 2025.
• Its Foreign Portfolio Investment fell by 2.5 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 144.8 USD bn in Sep 2025.

This scatter chart displays central government debt (% of GDP) against self-employed workers (% of total employment) in Thailand. The data is about countries per year.