Stock market capitalization to GDP (%) in Thailand was reported at 109 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Stock market capitalization to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Key information about Thailand Market Capitalization: % of GDP

• Thailand Market Capitalization accounted for 104.2 % of its Nominal GDP in Dec 2023, compared with a percentage of 119.3 % in the previous year
• Thailand Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1975 to Dec 2023
• The data reached an all-time high of 120.8 % in Dec 2021 and a record low of 1.7 % in Dec 1975

CEIC calculates Market Capitalization as % of Nominal GDP from annual Market Capitalization and annual Nominal GDP. Market Capitalization is calculated as the sum of the Market Capitalizations of Common and Preferred Stocks. The Stock Exchange of Thailand provides Market Capitalization in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency based on SNA 1993. Nominal GDP prior to 1990 is based on SNA 1968.


Further information about Thailand Market Capitalization: % of GDP

• In the latest reports, Approach 2 recorded a daily P/E ratio of 16.2 in Feb 2025
• SET closed at 1,314.5 points in Jan 2025

Thailand: Stock market capitalization as percent of GDP: The latest value from 2024 is 98.72 percent, a decline from 100.72 percent in 2023. In comparison, the world average is 69.42 percent, based on data from 67 countries. Historically, the average for Thailand from 1989 to 2024 is 72.15 percent. The minimum value, 15.24 percent, was reached in 1997 while the maximum of 121.93 percent was recorded in 2022.

Stock market total value traded to GDP (%) in Thailand was reported at 96.32 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Stock market total value traded to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The average for 2022 based on 7 countries was 83.54 percent. The highest value was in Thailand: 121.93 percent and the lowest value was in Vietnam: 41.15 percent. The indicator is available from 1975 to 2024. Below is a chart for all countries where data are available.

Thaïlande: Stock market capitalization as percent of GDP: Pour cet indicateur, La Banque mondiale fournit des données pour la Thaïlande de 1989 à 2024. La valeur moyenne pour Thaïlande pendant cette période était de 72.15 pour cent avec un minimum de 15.24 pour cent en 1997 et un maximum de 121.93 pour cent en 2022.

This is an assessment of the Securities and Exchange Commission of Thailand (SEC) and, secondarily, of certain self-regulatory organizations (SRO) that participate in the regulation of the capital markets of Thailand. This assessment was conducted in February, 2019 as part of the Financial Sector Assessment Program (FSAP) conducted jointly by the International Monetary Fund (IMF) and the World Bank. The financial sector of Thailand shows strong growth and is dominated by banks, which are a major force in other components of the financial sector through separately licensed subsidiaries. The financial system’s assets are equal to 259 percent of GDP (February 2018), with Thailand’s 30 commercial banks (including 15 foreign branches or subsidiaries) holding 46 percent of financial sector assets and eight specialized (state-owned) financial institutions (SFIs) holding 15 percent. The three largest commercial banks account for 46 percent of banking sector assets, lower than that of its peer comparators. Banking sector growth, however, has been stagnant, growing to 156 percent of GDP (2018) from 153 percent (2012). Other segments of the financial sector have experienced higher growth in recent years. The market capitalization of the SET has grown to 104 percent of GDP (up from 67 percent of GDP in 2005, and from 37 percent of GDP in 2008). Insurance sector assets have grown from 10 percent of GDP in 2006 to over 22 percent of GDP in 2016.