The Gross Domestic Product (GDP) in Thailand contracted 0.60 percent in the third 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.

In 2024, the real gross domestic product (GDP) of Thailand grew at a rate of 2.54 percent compared to the previous year. 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.

Full Year GDP Growth in Thailand increased to 2.50 percent in 2024 from 2 percent in 2023. This dataset includes a chart with historical data for Thailand Full Year GDP Growth.

Key information about Thailand Real GDP Growth

• The Gross Domestic Product (GDP) in Thailand expanded 1.1 % YoY in Sep 2025, following a growth of 2.8 % in the previous quarter.
• Real GDP Growth YoY data in Thailand is updated quarterly, available from Mar 1994 to Sep 2025, with an average rate of 5.4 %.
• 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 144.8 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) fell 1.1 % in Sep 2025.
• GDP Per Capita in Thailand reached 7,987.0 USD in Dec 2024.
• Its Gross Savings Rate was measured at 21.2 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 20.2 % in Sep 2025.
• Public Consumption accounted for 18.0 % in Sep 2025.
• Private Consumption accounted for 60.8 % in Sep 2025.

The Gross Domestic Product (GDP) in Thailand expanded 1.20 percent in the third 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 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;

Economic growth, quarterly in Thailand, September, 2025 The most recent value is -0.6 percent as of Q3 2025, a decline compared to the previous value of 0.5 percent. Historically, the average for Thailand from Q2 1993 to Q3 2025 is 0.79 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

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.

The latest data from show economic growth of 1.2 percent, which is a decrease from the rate of growth of 2.8 percent in the previous quarter and
a decrease compared to the growth rate of 3 percent in the same quarter last year. The economic growth time series for Thailand cover the period from...

In 2024, the GDP growth from the agricultural sector contracted by *** percent in Thailand. However, the GDP growth of the agriculture sector was forecast to grow by at most *** percent in 2025.

In 2024, the GDP from the forestry segment grew by *** percent in Thailand. The subsector was forecast to expand further by at most *** percent, contributing growth to the overall agricultural sector.

Key information about Thailand Domestic Credit Growth

• Thailand Domestic Credit increased 2.2 % YoY in Jan 2025, compared with an increase of 1.9 % YoY in the previous month
• Thailand Domestic Credit Growth YoY data is updated monthly
• It averaged 5.4 %, available from Jan 2004 to Jan 2025
• The data reached an all-time high of 16.8 % in Nov 2012 and a record low of -0.0 % in Jan 2007

Historical dataset showing Thailand gdp growth rate by year from 1961 to 2023.

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.

Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 3.641 % in 2017. This records an increase from the previous number of 2.974 % for 2016. Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 3.845 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.332 % in 1988 and a record low of -8.734 % in 1998. Thailand TH: GDP: Growth:(GDP) Gross Domestic Productper 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 GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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;

The statistic shows the real GDP growth of the industry sector in Thailand from 2015 to 2018, with a forecast until 2021. In 2018, the industry GDP growth amounted to approximately *** percent. For 2021, the industry GDP growth was forecasted to reach three percent.

Historical dataset showing Thailand economic growth by year from 1960 to 2023.

Graph and download economic data for Population Growth for Thailand (SPPOPGROWTHA) from 1961 to 2024 about Thailand, population, and rate.

Consumption growth in Thailand, September, 2025 The most recent value is 2.12 percent as of Q3 2025, a decline compared to the previous value of 2.53 percent. Historically, the average for Thailand from Q1 1994 to Q3 2025 is 6.18 percent. The minimum of -8.08 percent was recorded in Q2 2020, while the maximum of 16.52 percent was reached in Q4 2012. | TheGlobalEconomy.com

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;