The Gross Domestic Product (GDP) in Thailand expanded 0.70 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand’s gross domestic product (GDP) grew at a rate of 2.53 percent in 2024. The Thai economy Thailand relies less on agriculture and more on employment in the service sector, which is a sign of a more advanced economy. This development is also apparent in its GDP per capita, which is one of the highest in Southeast Asia. One aspect of a developed economy is that it is more diverse, and thus less exposed to economic shocks. This statistic reflects that robustness in its optimistic view of Thai GDP growth. Domestic factors Thailand has posted an incredibly low unemployment rate for several years, which suggests that the workforce matches the demand for labor remarkably well. Equally important, the inflation rate tends to be low and stable, though sometimes too low. If Thailand wants to realize the positive projections in this statistic, the inflation rate of the baht should be between 2 and 3 percent, according to most economists.

The Gross Domestic Product (GDP) in Thailand expanded 3.10 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Thailand Real GDP Growth

• The Gross Domestic Product (GDP) in Thailand expanded 2.7 % YoY in Mar 2023, following a growth of 1.3 % in the previous quarter.
• Real GDP Growth YoY data in Thailand is updated quarterly, available from Mar 1994 to Mar 2023, with an average rate of 3.8 %.
• The data reached an all-time high of 15.3 % in Dec 2012 and a record low of -12.2 % in Jun 1998.

• In the latest reports, Nominal GDP of Thailand reached 132.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 2.9 % in Mar 2023.
• GDP Per Capita in Thailand reached 7,497.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.4 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 25.3 % in Mar 2023.
• Public Consumption accounted for 15.9 % in Mar 2023.
• Private Consumption accounted for 53.7 % in Mar 2023.

Full Year GDP Growth in Thailand increased to 2.50 percent in 2024 from 1.90 percent in 2023. This dataset includes a chart with historical data for Thailand Full Year GDP Growth.

In 2024, the gross domestic product (GDP) in Thailand was estimated to grow by *** percent from the previous year. During the given period of time, the growth rate of GDP of the country has been fluctuating.

In 2024, the imports of goods and services in Thailand was estimated to increase by *** percent. The spending of medium and high income consumers in Thailand and tourism contributed greatly to the economic recovery in Thailand.

Thailand TH: GDP: Growth data was reported at 3.903 % in 2017. This records an increase from the previous number of 3.283 % for 2016. Thailand TH: GDP: Growth data is updated yearly, averaging 5.752 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.288 % in 1988 and a record low of -7.634 % in 1998. Thailand TH: GDP: Growth 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.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Thailand: Economic growth forecast: The latest value from 2030 is 2.4 percent, an increase from 2.29 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Thailand from 1980 to 2030 is 4.32 percent. The minimum value, -7.63 percent, was reached in 1998 while the maximum of 13.29 percent was recorded in 1988.

Thailand TH: GDP: Growth: Imports of Goods and Services data was reported at -1.359 % in 2016. This records a decrease from the previous number of 0.004 % for 2015. Thailand TH: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 8.867 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 39.564 % in 1988 and a record low of -20.772 % in 2009. Thailand TH: GDP: Growth: Imports of Goods and Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The gross domestic product (GDP) in current prices in Thailand was about 526.41 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 492.99 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 114.08 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The gross domestic product (GDP) in Thailand grew by *** percent during the second quarter of 2024 compared to the same quarter of the previous year. The GDP growth rate in the country has fluctuated over the period.

Key information about Thailand Nominal GDP Growth

• Thailand Nominal GDP Growth was reported at 4.047 % in Dec 2024.
• This records an increase from the previous number of 3.528 % for Sep 2024.
• Thailand Nominal GDP Growth data is updated quarterly, averaging 6.192 % from Mar 1994 to Dec 2024, with 124 observations.
• The data reached an all-time high of 21.081 % in Dec 2012 and a record low of -14.602 % in Jun 2020.
• Thailand Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Thailand TH: GDP: Growth: GNI per Capita data was reported at 3.564 % in 2016. This records an increase from the previous number of 2.479 % for 2015. Thailand TH: GDP: Growth: GNI per Capita data is updated yearly, averaging 4.434 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 11.480 % in 1988 and a record low of -9.573 % in 1998. Thailand TH: GDP: Growth: GNI per Capita 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.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The latest data from show economic growth of 3.1 percent, which is a decrease from the rate of growth of 3.3 percent in the previous quarter and
an increase compared to the growth rate of 1.7 percent in the same quarter last year. The economic growth time series for Thailand cover the period...

Thailand: Economic growth: the rate of change of real GDP: The latest value from 2024 is 2.53 percent, an increase from 2.02 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Thailand from 1961 to 2024 is 5.51 percent. The minimum value, -7.63 percent, was reached in 1998 while the maximum of 13.29 percent was recorded in 1988.

Economic growth, quarterly in Thailand, March, 2025 The most recent value is 0.7 percent as of Q1 2025, an increase compared to the previous value of 0.4 percent. Historically, the average for Thailand from Q2 1993 to Q1 2025 is 0.8 percent. The minimum of -9.2 percent was recorded in Q2 2020, while the maximum of 9.4 percent was reached in Q1 2012. | TheGlobalEconomy.com

Since 2015, the GDP growth of agriculture in Thailand had been slowly increasing and reached its highest GDP growth percentage in 2018. The agricultural sector in Thailand was also forecasted to continue to grow, with a growth rate of by *** percent in 2021.

Agricultural production in Thailand

Thailand is a plentiful and fertile country, with almost half of the population working in agriculture-related jobs. Agriculture in Thailand is not only competitive, but it is also highly diversified. One of the most important crops in Thailand is rice, among other cash crops like cassava, sugarcane, and rubber. In 2019, the production value of rice in Thailand reached almost *** billion Thai baht. At the same time, the production volume of rice was also forecasted to amount to ***** million tons.

Livestock in Thailand

Apart from agriculture, livestock is also an important industry in Thailand’s economy. In 2019, the feed demand in Thailand was estimated to reach almost ** million metric tons, with broiler chickens representing around ** percent of the total demand for feed. Given that broilers account for the highest share of feed demand, chicken plays a considerable role in Thailand’s meat production. In 2018, the production volume of chicken in Thailand amounted to **** million tons.

Thailand TH: GDP: Growth: GNI data was reported at 3.875 % in 2016. This records an increase from the previous number of 2.840 % for 2015. Thailand TH: GDP: Growth: GNI data is updated yearly, averaging 5.738 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 13.438 % in 1988 and a record low of -8.483 % in 1998. Thailand TH: GDP: Growth: GNI 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.WDI: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Thailand TH: GDP: Growth: Gross Value Added: Agriculture data was reported at 6.246 % in 2017. This records an increase from the previous number of -2.452 % for 2016. Thailand TH: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 3.084 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.725 % in 1966 and a record low of -13.896 % in 1993. Thailand TH: GDP: Growth: Gross Value Added: Agriculture 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.