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.

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.

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.

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.

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

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...

The gross domestic product (GDP) in current prices in Thailand was 526.52 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 493.1 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 127.56 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.

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;

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;

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 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;

Thailand TH: GDP: Growth: Gross Value Added: Industry data was reported at 1.585 % in 2017. This records a decrease from the previous number of 2.866 % for 2016. Thailand TH: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 8.186 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 17.482 % in 1989 and a record low of -11.276 % in 1998. Thailand TH: GDP: Growth: Gross Value Added: Industry 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 for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

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

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Thailand GDP.

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.

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

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.

Thailand TH: GDP: Growth: Final Consumption Expenditure data was reported at 2.741 % in 2016. This records an increase from the previous number of 2.377 % for 2015. Thailand TH: GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging 5.780 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 14.324 % in 1962 and a record low of -7.477 % in 1998. Thailand TH: GDP: Growth: Final Consumption Expenditure 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. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;