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 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.

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 2.80 percent in the second 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.

The Gross Domestic Product (GDP) in Thailand expanded 0.60 percent in the second 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.

GDP (current US$) in Thailand was reported at 526411265428 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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).

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.

In 2019, the average inflation rate in Thailand amounted to about 0.71 percent compared to the previous year, when it was just recovering from a slump below the 0-percent-mark in 2015.

Political turmoil begets economic turmoil

In 2014, after a coup d’etat following months of political crisis, the Thai military took over the country, and the senate and government were dissolved. As a result, Thailand’s economy experienced a sudden downturn, GDP growth and inflation slumped, while unemployment, which is usually delayed in reflecting economic struggles, has been increasing ever since.

Services help stabilization

Apart from the struggles in recent years, Thailand’s economy as a whole is quite stable. Its main GDP generator is the services sector , which includes tourism and telecommunications, and which has shown a stable real GDP growth for the past few years. The new military government also wants to boost the economy further by focusing on high-tech industries and services, with the goal of making Thailand a high-income nation with an economic focus on innovation and growth.

In the fiscal year 2025, central government expenditure accounted for almost ** percent of the GDP in Thailand, indicating an increase from the previous year. The Thai government expenditure is composed of the compensation of employees, the use of goods and services, and the consumption of fixed capital, among other things. Expenditures of the central government in Thailand Thailand’s national budget for the 2026 fiscal year was set at around *** trillion Thai baht, compared to approximately *** trillion Thai baht in the previous year. As the economy improves, the government focuses more on addressing household debt. In 2024, the value of public debt in Thailand accounted for over **** trillion Thai baht and has been rising over the years. Government expenditure distribution The Thai government’s expenditure budget can be categorized into groups, according to Thailand’s Budget Procedure Act B.E. **** (2018). These include central fund, expenditure for budget-receiving agencies, integrated budget, public sector personnel, revolving funds, public sector debt repayments, and replenishment of treasury account and reserve fund. The budget-receiving agencies refer to various government organizations, ranging from the Ministry of Finance, local authorities, the Thai Red Cross Society, to royal agencies.

GDP per capita (current US$) in Thailand was reported at 7345 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

GDP Deflator in Thailand decreased to 159.25 points in the first quarter of 2025 from 164.98 points in the fourth quarter of 2024. This dataset provides - Thailand GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade (% of GDP) in Thailand was reported at 137 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP, PPP (current international $) in Thailand was reported at 1770790698283 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

GDP (current LCU) in Thailand was reported at 18578916000000 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Gross savings (% of GDP) in Thailand was reported at 24.04 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

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.

GDP per capita growth (annual %) in Thailand was reported at 2.5752 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.