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 was worth 526.41 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Thailand represents 0.50 percent of the world economy. This dataset provides the latest reported value for - Thailand GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 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.

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.

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.

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.

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.

Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data was reported at 4.100 % in 2019. This records a decrease from the previous number of 5.500 % for 2018. Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data is updated yearly, averaging 3.800 % from Dec 2012 (Median) to 2019, with 8 observations. The data reached an all-time high of 5.500 % in 2018 and a record low of 0.000 % in 2014. Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.A003: SNA1993: GDP: by Expenditure: Current Price: Forecast: Bank Of Thailand.

The gross domestic product (GDP) per capita in Thailand was estimated at 7,491.69 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 6,786.21 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 1,606.24 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Thailand TH: IMF Forecast: General Government: Expenditure: % of GDP data was reported at 22.810 % in 2023. This records an increase from the previous number of 22.735 % for 2022. Thailand TH: IMF Forecast: General Government: Expenditure: % of GDP data is updated yearly, averaging 21.713 % from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 26.472 % in 1999 and a record low of 17.176 % in 1995. Thailand TH: IMF Forecast: General Government: Expenditure: % 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.

Forecast: Contribution to GDP of Construction in Thailand 2024 - 2028 Discover more data with ReportLinker!

Forecast: Contribution to GDP of Manufacturing in Thailand 2024 - 2028 Discover more data with ReportLinker!

In 2024, the GDP from the agricultural services segment contracted by *** percent in Thailand. The GDP from this subsector was forecast to increase further by *** percent in 2025, contributing to the agricultural sector in Thailand.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Thailand GDP.

Thailand BOT Forecast: GDP: YoY: Imports of Goods and Services data was reported at 3.300 % in 2019. This records a decrease from the previous number of 7.500 % for 2018. Thailand BOT Forecast: GDP: YoY: Imports of Goods and Services data is updated yearly, averaging 4.050 % from Dec 2012 (Median) to 2019, with 8 observations. The data reached an all-time high of 7.500 % in 2018 and a record low of -5.400 % in 2014. Thailand BOT Forecast: GDP: YoY: Imports of Goods and Services data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.A003: SNA1993: GDP: by Expenditure: Current Price: Forecast: Bank Of Thailand.

GDP from Manufacturing in Thailand increased to 691992 THB Million in the third quarter of 2023 from 677739 THB Million in the second quarter of 2023. This dataset provides the latest reported value for - Thailand Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in Thailand was last recorded at 6573.44 US dollars in 2024. The GDP per Capita in Thailand is equivalent to 52 percent of the world's average. This dataset provides - Thailand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand: Current account balance forecast, percent of GDP: The latest value from 2030 is 1.77 percent, an increase from 1.7 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Thailand from 1980 to 2030 is 0.43 percent. The minimum value, -8.23 percent, was reached in 1990 while the maximum of 12.53 percent was recorded in 1998.

GDP from Agriculture in Thailand increased to 171418 THB Million in the fourth quarter of 2023 from 170976 THB Million in the third quarter of 2023. This dataset provides the latest reported value for - Thailand Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.