In 2023, the average monthly income per household in Thailand amounted to over 29,000 Thai baht, which was an increase compared to the previous year. The figures show a gradual increase in monthly income throughout the years, with some slight fluctuations.

In 2023, the average monthly income per household in Thailand was highest in Bangkok and the greater Bangkok area, which amounted to approximately 39,100 Thai baht. In that year, the average monthly income per household across Thailand was over 29,000 Thai baht. Bangkok is the main urban hub in Thailand, with the highest population density compared to other regions in the country.  Income inequality and the migration of workers within the country Income inequality in Thailand is among the highest in Southeast Asia, and particularly high in northeast Thailand. As a result of this factor, people are constantly moving to Bangkok and its vicinity, as well as the Eastern Region with its industries, for better job opportunities and higher wages. In 2023, the number of registered domestic migrations in the country amounted to almost three million. Despite the inequality of income in the country, Thailand has almost no unemployment at all. The employment rate in Thailand has remained steady in the past decade, with less than one percent of the total population unemployed. Monthly household expenses in Thailand In recent years the disposable incomes of many Thai households have taken a hit. In 2023, the average monthly expenditure per household in Thailand was around 26,700 Thai baht per month. The monthly household expenditure varies across different regions, with Bangkok and the greater Bangkok area generally having higher expenses compared to other regions in the country. The largest portion of household expenditures are mainly used for food, followed by housing, transportation, and personal expenses. At the same time, Thailand’s household debt has been increasing constantly, reaching more than 16 trillion Thai baht in 2023.

Key information about Thailand Household Income per Capita

• Thailand Annual Household Income per Capita reached 3,756.344 USD in Dec 2023, compared with the previous value of 3,728.753 USD in Dec 2021.
• Thailand Annual Household Income per Capita data is updated yearly, available from Dec 1981 to Dec 2023, with an averaged value of 1,292.258 USD.
• The data reached an all-time high of 3,756.344 USD in Dec 2023 and a record low of 384.846 USD in Dec 1986.
• In the latest reports, Retail Sales of Thailand grew 0.336 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. National Statistical Office provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Thailand Avg Monthly Household Income: Greater Bangkok data was reported at 41,897.000 THB in 2017. This records an increase from the previous number of 41,002.000 THB for 2015. Thailand Avg Monthly Household Income: Greater Bangkok data is updated yearly, averaging 25,992.000 THB from Dec 1981 (Median) to 2017, with 20 observations. The data reached an all-time high of 43,058.000 THB in 2013 and a record low of 5,962.000 THB in 1981. Thailand Avg Monthly Household Income: Greater Bangkok data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.

In 2023, the main household income in Thailand came from economically active sources, such as wages and salaries, which amounted to over 20,000 Thai baht per month. In the same year, the average monthly income in the country reached around 29,000 Thai baht.

In 2023, the average monthly income per household in the province of Phuket, in Thailand, amounted to approximately 41.87 thousand Thai baht. The figures show a gradual increase in monthly income in Phuket throughout the years, with some slight fluctuations.

Thailand Monthly Income per Capita: Northern data was reported at 7,332.000 THB in 2017. This records an increase from the previous number of 6,913.000 THB for 2015. Thailand Monthly Income per Capita: Northern data is updated yearly, averaging 2,892.500 THB from Dec 1981 (Median) to 2017, with 20 observations. The data reached an all-time high of 7,332.000 THB in 2017 and a record low of 704.000 THB in 1981. Thailand Monthly Income per Capita: Northern data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.

Thailand’s middle class is currently emerging, and it is forecasted that around 13 percent of the households will earn at least 525 thousand Thai Baht by 2020. And yet, Thailand is seen as a country with huge income inequality. By 2020 the number of millionaires (in U.S. dollars) will reach 81 thousand .

The development of income inequality in Thailand

The differences in income seen in Thailand today are the result of a long-term political and economic process from which, until recently, only leading households in urban areas benefited from. However, in doing so, the government was highly successful in continuously fueling economic growth. Even though the banking- and export sectors developed and grew from the 1960s up to the early 1990s, the majority of the population was still working in agriculture. In 1997, however, Thailand was badly hit by the Asian crisis, resulting in a further rise of the poverty rate. Political leaders were thus forced to implement reforms supporting the low-income households, and a series of social reforms such as the introduction of a healthcare plan and affordable housing followed. While these reforms sometimes resulted in an improvement of living standards, most had the unfortunate consequence of increasing corruption in the public sector.

Thailand Avg Monthly Household Income: Central data was reported at 27,042.000 THB in 2017. This records an increase from the previous number of 26,601.000 THB for 2015. Thailand Avg Monthly Household Income: Central data is updated yearly, averaging 12,909.500 THB from Dec 1981 (Median) to 2017, with 20 observations. The data reached an all-time high of 27,042.000 THB in 2017 and a record low of 3,665.000 THB in 1981. Thailand Avg Monthly Household Income: Central data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.

In 2023, the average monthly expenditure per household in Thailand amounted to approximately 23,700 Thai baht. The figures show a gradual increase in average monthly household expenditures, with slight fluctuations during the examined period.

According to a survey conducted by Deloitte in 2022 in Thailand, around 24 percent of the surveyed households had an average monthly income up to 29,900 Thai baht. Approximately 21 percent of Thai households belonged to the lowest income bracket of 15 thousand Thai baht and less.

Key information about Thailand Monthly Earnings

• Thailand Monthly Earnings stood at 442 USD in Dec 2024, compared with the previous figure of 470 USD in Nov 2024
• Thailand Monthly Earnings data is updated monthly, available from Jan 2001 to Dec 2024, with an average number of 349 USD
• The data reached the an all-time high of 479 USD in Dec 2020 and a record low of 145 USD in Jan 2002

CEIC converts Monthly Earnings into USD. The Bank of Thailand provides Monthly Average Wage in local currency based on ISIC Rev. 4. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings prior to January 2011 are based on ISIC Rev. 3.


Further information about Thailand Monthly Earnings

• In the latest reports, Thailand Population reached 66 million people in Dec 2024
• Unemployment Rate of Thailand dropped to 1 % in Dec 2024
• The country's Labour Force Participation Rate dropped to 69 % in Dec 2024

Thailand Avg Monthly Household Expenditure: Greater Bangkok data was reported at 33,126.000 THB in 2017. This records an increase from the previous number of 32,091.000 THB for 2016. Thailand Avg Monthly Household Expenditure: Greater Bangkok data is updated yearly, averaging 21,716.000 THB from Dec 1981 (Median) to 2017, with 25 observations. The data reached an all-time high of 33,126.000 THB in 2017 and a record low of 5,737.000 THB in 1981. Thailand Avg Monthly Household Expenditure: Greater Bangkok data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.

In 2023, the average monthly expenditure per household was highest in Bangkok and the greater Bangkok area, amounting to approximately 32,000 Thai baht. Other regions in Thailand with the highest average household spending also include the central region and the southern region.

Thailand Household Assets: NR: Financial: Saving data was reported at 372,902.000 THB mn in 2015. This records an increase from the previous number of 365,090.000 THB mn for 2013. Thailand Household Assets: NR: Financial: Saving data is updated yearly, averaging 368,996.000 THB mn from Dec 2013 (Median) to 2015, with 2 observations. The data reached an all-time high of 372,902.000 THB mn in 2015 and a record low of 365,090.000 THB mn in 2013. Thailand Household Assets: NR: Financial: Saving data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.G042: Household Income & Assets Statistics.

The statistic presents the results of a survey conducted in 2016 about the average monthly household expenditure based on monthly household income. The survey revealed that households with an income above 85,000 Thai baht had an annual average expenditure of 72,000 Thai baht.

Thailand Monthly Income per Capita: Southern data was reported at 8,301.000 THB in 2017. This records a decrease from the previous number of 8,741.000 THB for 2015. Thailand Monthly Income per Capita: Southern data is updated yearly, averaging 2,896.000 THB from Dec 1981 (Median) to 2017, with 20 observations. The data reached an all-time high of 8,741.000 THB in 2015 and a record low of 740.000 THB in 1981. Thailand Monthly Income per Capita: Southern data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.

In 2022, the average monthly expenditure per household in the province of Phuket, Thailand, amounted to approximately 33.15 thousand Thai baht. The monthly expenditure per household in Phuket has fluctuated over the years.

In the third quarter of 2024, over 30 percent of the employed individuals in Thailand received wages and salaries between 10,000 and 14,999 Thai baht per month. In comparison, only around 10 percent earned more than 30,000 Thai baht monthly.

Thailand Monthly Income per Capita: Northeastern data was reported at 6,743.000 THB in 2017. This records an increase from the previous number of 6,696.000 THB for 2015. Thailand Monthly Income per Capita: Northeastern data is updated yearly, averaging 2,113.500 THB from Dec 1981 (Median) to 2017, with 20 observations. The data reached an all-time high of 6,743.000 THB in 2017 and a record low of 493.000 THB in 1981. Thailand Monthly Income per Capita: Northeastern data remains active status in CEIC and is reported by National Statistical Office. The data is categorized under Global Database’s Thailand – Table TH.H013: Household Socio Economic Survey: Household Income and Expenditure.