In 2024, the total government revenue amounted to *** trillion Thai baht. The Thai government's revenue was generated from the tax revenues of the Revenue Department, the Excise Department, and the Customs Department, including revenues from other official organizations such as the Treasury Department and state enterprises.

In 2024, the revenue generated from petroleum income tax in Thailand amounted to around **** billion Thai baht. Taxes from petroleum is one of the major sources of income for the Thai government, with value-added tax being the leading tax revenue source. Apart from petroleum income tax collected from domestic consumption, exports, and imports, state income from petroleum in Thailand is also collected through sales royalties. The allocation of state petroleum royalties The state is required to collect petroleum sales royalties from the corporations involved in petroleum production in Thailand. Since the process of petroleum production substantially affects the environment and the use of public areas, the state collects royalties as a form of rent. These royalties are mainly remitted to the state’s treasury but are also distributed to smaller state bodies such as subdistricts, municipalities, and provincial administrations nationwide. The largest proportion of royalties in Thailand is collected from natural gas, which contributes to more than half of the total collected petroleum royalties. Petroleum production in Thailand   Despite mainly being an importer of crude oil and petroleum products, Thailand is also focusing its resources on becoming self-reliant in terms of energy production. Petroleum resources in Thailand are found in both onshore and offshore locations, with most of the country’s petroleum production wells located in the Gulf of Thailand. Domestic production of petroleum products in Thailand has been relatively stable, signaling a constant demand for this type of energy source.

In 2024, the revenue generated from value-added tax accounted for the largest proportion of the government revenue in Thailand, amounting to around *** billion Thai baht. This was followed by corporate income tax and personal income tax. In that same period, the total government revenue reached almost ***** trillion Thai baht.

Key information about Thailand Tax Revenue

• Thailand Tax Revenue was reported at 67.625 USD bn in Dec 2023.
• This is a decrease from the previous figure of 67.894 USD bn for Dec 2022.
• Thailand Tax Revenue data is updated yearly, averaging 27.861 USD bn from Dec 1984 to 2023, with 40 observations.
• The data reached an all-time high of 73.077 USD bn in 2019 and a record low of 5.262 USD bn in 1985.
• Thailand Tax Revenue 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: Tax Revenue: USD: Annual.

CEIC shifts year-end for annual Tax Revenue and converts it into USD. Budget Bureau provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Tax Revenue prior to 2011 is based on GFSM 1986. Tax Revenue is reported in annual frequency, ending in September of each year.

Tax revenue (% of GDP) in Thailand was reported at 15.42 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Thailand Tax revenue: % of GDP

• Thailand Tax revenue: % of GDP was reported at 13.2 % in Dec 2023.
• This records a decrease from the previous number of 13.4 % for Dec 2022.
• Thailand Tax revenue: % of GDP data is updated yearly, averaging 14.2 % from Dec 1990 to 2023, with 34 observations.
• The data reached an all-time high of 16.5 % in 1991 and a record low of 12.7 % in 1999.
• Thailand Tax revenue: % of GDP 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: Tax Revenue: % of Nominal GDP: Annual.

CEIC shifts year-end for annual Tax Revenue as % of Nominal GDP and calculates it from annual Tax Revenue and annual Nominal GDP. Budget Bureau provides Tax Revenue in local currency based on GFSM 2001. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Tax Revenue prior to 2011 is based on GFSM 1986. Tax Revenue is reported in annual frequency, ending in September of each year.

Government Revenues in Thailand increased to 402882 THB Million in June from 215975 THB Million in May of 2025. This dataset provides - Thailand Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand Govt Revenue: Northern: Value Added Tax: Manufacturing data was reported at 299.300 THB mn in Jan 2018. This records a decrease from the previous number of 343.400 THB mn for Dec 2017. Thailand Govt Revenue: Northern: Value Added Tax: Manufacturing data is updated monthly, averaging 208.900 THB mn from Jan 1996 (Median) to Jan 2018, with 265 observations. The data reached an all-time high of 409.300 THB mn in Jan 2016 and a record low of 49.400 THB mn in Sep 1997. Thailand Govt Revenue: Northern: Value Added Tax: Manufacturing data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F020: Government Finance: Regional: Northern.

The Sales Tax Rate in Thailand stands at 7 percent. This dataset provides - Thailand Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand Govt Revenue: Northern: Value Added Tax: Hotel and Restaurant data was reported at 1,561.200 THB mn in Aug 2018. This records an increase from the previous number of 1,538.200 THB mn for Jul 2018. Thailand Govt Revenue: Northern: Value Added Tax: Hotel and Restaurant data is updated monthly, averaging 749.600 THB mn from Jan 2000 (Median) to Aug 2018, with 224 observations. The data reached an all-time high of 1,972.000 THB mn in Dec 2017 and a record low of 331.800 THB mn in Jun 2000. Thailand Govt Revenue: Northern: Value Added Tax: Hotel and Restaurant data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F020: Government Finance: Regional: Northern.

This dataset is about countries per year in Thailand. It has 64 rows. It features 4 columns: country, inflation, and tax revenue.

Thailand Climate Change: Tax Revenue: % of Total Tax Revenue: Pollution data was reported at 0.000 % in 2021. This stayed constant from the previous number of 0.000 % for 2020. Thailand Climate Change: Tax Revenue: % of Total Tax Revenue: Pollution data is updated yearly, averaging 0.000 % from Dec 1994 (Median) to 2021, with 28 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Thailand Climate Change: Tax Revenue: % of Total Tax Revenue: Pollution data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Thailand – Table TH.OECD.ESG: Environmental: Environmentally Related Tax Revenue: Cross Cutting Domains: Non OECD Member: Annual.

Thailand BB Forecast: Non Taxes Revenue: Actual: State Enterprises data was reported at 168,000.000 THB mn in 2019. This records an increase from the previous number of 137,000.000 THB mn for 2018. Thailand BB Forecast: Non Taxes Revenue: Actual: State Enterprises data is updated yearly, averaging 63,087.700 THB mn from Sep 1987 (Median) to 2019, with 33 observations. The data reached an all-time high of 168,000.000 THB mn in 2019 and a record low of 0.000 THB mn in 1987. Thailand BB Forecast: Non Taxes Revenue: Actual: State Enterprises data remains active status in CEIC and is reported by Bureau of the Budget. The data is categorized under Global Database’s Thailand – Table TH.F016: Government Budget: Forecast: Bureau of the Budget.

Thailand Govt Revenue: Northern: Value Added Tax: Trade, Repair Vechicle,Pers data was reported at 136.800 THB mn in Aug 2018. This records an increase from the previous number of 128.300 THB mn for Jul 2018. Thailand Govt Revenue: Northern: Value Added Tax: Trade, Repair Vechicle,Pers data is updated monthly, averaging 131.400 THB mn from Jan 1995 (Median) to Aug 2018, with 284 observations. The data reached an all-time high of 505.000 THB mn in Nov 2011 and a record low of 83.000 THB mn in Jan 1999. Thailand Govt Revenue: Northern: Value Added Tax: Trade, Repair Vechicle,Pers data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F020: Government Finance: Regional: Northern. Since Jan 2012, change value added tax by reported period to value added tax by activity period.

Thailand TH: Revenue and Grants: Revenue: Tax Revenue: % of GDP data was reported at 15.510 % in 2016. This records a decrease from the previous number of 16.028 % for 2015. Thailand TH: Revenue and Grants: Revenue: Tax Revenue: % of GDP data is updated yearly, averaging 14.482 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 17.414 % in 1991 and a record low of 10.173 % in 1973. Thailand TH: Revenue and Grants: Revenue: Tax Revenue: % of GDP 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: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

This dataset is about countries per year in Thailand. It has 64 rows. It features 4 columns: country, tax revenue, and internally displaced persons, by conflict and violence.

TH: Revenue and Grants: Revenue: Taxes on Goods and Services data was reported at 1,244,171.800 THB mn in 2016. This records an increase from the previous number of 1,190,142.257 THB mn for 2015. TH: Revenue and Grants: Revenue: Taxes on Goods and Services data is updated yearly, averaging 272,132.000 THB mn from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 1,244,171.800 THB mn in 2016 and a record low of 9,975.000 THB mn in 1972. TH: Revenue and Grants: Revenue: Taxes on 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: Government Revenue, Expenditure and Finance. Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

TH: Revenue and Grants: Revenue: Other Taxes data was reported at 18,394.099 THB mn in 2016. This records an increase from the previous number of 17,676.967 THB mn for 2015. TH: Revenue and Grants: Revenue: Other Taxes data is updated yearly, averaging 3,810.000 THB mn from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 18,394.099 THB mn in 2016 and a record low of 196.000 THB mn in 1972. TH: Revenue and Grants: Revenue: Other Taxes 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: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Thailand TH: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue data was reported at 0.005 % in 2016. This records a decrease from the previous number of 0.009 % for 2015. Thailand TH: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue data is updated yearly, averaging 0.304 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 12.444 % in 1974 and a record low of 0.005 % in 2016. Thailand TH: Revenue and Grants: Revenue: Taxes on Exports: % of Tax Revenue 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: Government Revenue, Expenditure and Finance. Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

In 2024, the revenue of the central government accounted for **** percent of Thailand's GDP. Central government revenue comprises taxes, grants, and others. Moreover, as a service-oriented economy rather than an agricultural one, Thailand relies heavily on its tourism industry to help rake in the annual revenue earnings.Revenue of the government in Thailand The Thai government’s annual revenue has developed an increasing trend since 2021, after dropping in 2020 due to the COVID-19 pandemic. Taxes were the main source of revenue for the central government. The value-added tax, followed by the corporate income tax, were the key contributors to the government’s revenue.  Government debt in Thailand Over the years, not only has a gradual increase in the government’s expenditure been recorded, but also the increment in the value of public debt accrued until 2024. That year, most of the debt was attributed to the central government. Moreover, domestic debt accounted for a whopping *** trillion Thai baht of the total value of central government debt in 2024.