The national debt of Thailand was estimated at about *********** U.S. dollars in 2024. Between 1996 and 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around *********** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Key information about Thailand Government Debt: % of GDP

• Thailand Government debt accounted for 56.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 55.8 % in the previous quarter.
• Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Dec 2024.
• The data reached an all-time high of 56.6 % in Dec 2024 and a record low of 5.7 % in Mar 1998.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Public Debt Management Office provides Government Debt in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Thailand Government Debt: % of GDP

• In the latest reports, Thailand National Government Debt reached 306.2 USD bn in Dec 2024.
• The country's Nominal GDP reached 132.0 USD bn in Mar 2023.

Thailand recorded a Government Debt to GDP of 63.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Thailand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Thailand was estimated at about 63.20 percent in 2024. Between 1996 and 2024, the ratio rose by approximately 48.01 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 5.06 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Thailand National Government Debt

• Thailand National Government Debt reached 316.2 USD bn in Jan 2025, compared with 306.2 USD bn in the previous month.
• Thailand National Government Debt data is updated monthly, available from Oct 1997 to Jan 2025.
• The data reached an all-time high of 317.3 USD bn in Sep 2024 and a record low of 6.3 USD bn in Nov 1997.

CEIC converts monthly Government Debt into USD. Public Debt Management Office provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Thailand National Government Debt

• In the latest reports, Thailand Consolidated Fiscal Balance recorded a deficit equal to 5.7 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 56.6 % of its Nominal GDP in Dec 2024.
• Thailand Nominal GDP reached 132.0 USD bn in Mar 2023.

Graph and download economic data for Central government debt, total (% of GDP) for Thailand (DEBTTLTHA188A) from 1990 to 2023 about Thailand, debt, government, and GDP.

In 2024, the central government debt in Thailand reached around **** trillion Thai baht. The figures displayed a gradual increase in debt in the country over the past ten years.

In 2024, the total value of public debt in Thailand amounted to approximately ***** trillion Thai baht. The value of total outstanding public debt has continued to rise over the examined period.

Central government debt, total (current LCU) in Thailand was reported at 10974676150000 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Central government debt, total (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Thailand: Government debt as percent of GDP: The latest value from 2024 is 63.76 percent, an increase from 61.74 percent in 2023. In comparison, the world average is 55.78 percent, based on data from 7 countries. Historically, the average for Thailand from 1996 to 2024 is 45.8 percent. The minimum value, 15.19 percent, was reached in 1996 while the maximum of 63.76 percent was recorded in 2024.

Thailand Public Debt: Government : External Debt: USD data was reported at 2.426 USD bn in Jun 2018. This records a decrease from the previous number of 2.956 USD bn for May 2018. Thailand Public Debt: Government : External Debt: USD data is updated monthly, averaging 2.834 USD bn from Sep 1999 (Median) to Jun 2018, with 220 observations. The data reached an all-time high of 10.142 USD bn in Sep 2001 and a record low of 1.366 USD bn in Feb 2012. Thailand Public Debt: Government : External Debt: USD data remains active status in CEIC and is reported by Public Debt Management Office. The data is categorized under Global Database’s Thailand – Table TH.F036: Public Debt.

In 2023, the central government external debt in Thailand was approximately ****** billion Thai baht. In the same year, the total central government debt reached around almost ten trillion Thai baht.

Central government debt, total (% of GDP) in Thailand was reported at 61.12 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Thailand Govt Debt: Domestic: Central Government data was reported at 606,716.000 THB mn in Sep 2018. This records an increase from the previous number of 575,319.000 THB mn for Aug 2018. Thailand Govt Debt: Domestic: Central Government data is updated monthly, averaging 369,608.000 THB mn from Jan 2003 (Median) to Sep 2018, with 189 observations. The data reached an all-time high of 733,834.000 THB mn in Dec 2016 and a record low of 39,519.000 THB mn in Jan 2003. Thailand Govt Debt: Domestic: Central Government data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F037: Government Debt.

This bar chart displays central government debt (% of GDP) by currency using the aggregation average, weighted by gdp in Thailand. The data is filtered where the date is 2021. The data is about countries per year.

This line chart displays central government debt (% of GDP) by date using the aggregation average, weighted by gdp in Thailand. The data is about countries per year.

Thailand TH: IMF Forecast: General Government: Gross Debt: % of GDP data was reported at 41.892 % in 2023. This records an increase from the previous number of 41.888 % for 2022. Thailand TH: IMF Forecast: General Government: Gross Debt: % of GDP data is updated yearly, averaging 41.890 % from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 57.826 % in 2000 and a record low of 15.193 % in 1996. Thailand TH: IMF Forecast: General Government: Gross Debt: % 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.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to gross domestic product (GDP) from 2020 to 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2021, the national debt of Myanmar amounted to ***** percent of the country's gross domestic product.

Thailand: External debt, percent of Gross National Income: The latest value from 2022 is 39.95 percent, a decline from 42.21 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Thailand from 1970 to 2022 is 36.98 percent. The minimum value, 11.54 percent, was reached in 1973 while the maximum of 96.05 percent was recorded in 1998.

In 2024, government debt securities in Thailand amounted to over ** trillion Thai baht. These debt securities included treasury bills, bonds, and promissory notes. The figures show a gradual increase in debt securities throughout the years.