The Gross Domestic Product (GDP) in Thailand was worth 514.97 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Thailand represents 0.49 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.

The gross domestic product (GDP) in current prices in Thailand was about 526.41 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 492.99 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 114.08 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’s gross domestic product (GDP) grew at a rate of 2.53 percent in 2024. 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 0.70 percent in the first 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.

The Gross Domestic Product (GDP) in Thailand expanded 3.10 percent in the first 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.

The latest data from show economic growth of 3.1 percent, which is a decrease from the rate of growth of 3.3 percent in the previous quarter and
an increase compared to the growth rate of 1.7 percent in the same quarter last year. The economic growth time series for Thailand cover the period...

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: Economic growth forecast: The latest value from 2030 is 2.4 percent, an increase from 2.29 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Thailand from 1980 to 2030 is 4.32 percent. The minimum value, -7.63 percent, was reached in 1998 while the maximum of 13.29 percent was recorded in 1988.

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;

Full Year GDP Growth in Thailand increased to 2.50 percent in 2024 from 1.90 percent in 2023. This dataset includes a chart with historical data for Thailand Full Year GDP Growth.

Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data was reported at 4.100 % in 2019. This records a decrease from the previous number of 5.500 % for 2018. Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data is updated yearly, averaging 3.800 % from Dec 2012 (Median) to 2019, with 8 observations. The data reached an all-time high of 5.500 % in 2018 and a record low of 0.000 % in 2014. Thailand BOT Forecast: GDP: YoY: Exports of Goods and Services data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.A003: SNA1993: GDP: by Expenditure: Current Price: Forecast: Bank Of Thailand.

Key information about Thailand Real GDP Growth

• The Gross Domestic Product (GDP) in Thailand expanded 2.7 % YoY in Mar 2023, following a growth of 1.3 % in the previous quarter.
• Real GDP Growth YoY data in Thailand is updated quarterly, available from Mar 1994 to Mar 2023, with an average rate of 3.8 %.
• 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 132.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 2.9 % in Mar 2023.
• GDP Per Capita in Thailand reached 7,497.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.4 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 25.3 % in Mar 2023.
• Public Consumption accounted for 15.9 % in Mar 2023.
• Private Consumption accounted for 53.7 % in Mar 2023.

GDP from Construction in Thailand decreased to 73702 THB Million in the third quarter of 2023 from 81624 THB Million in the second quarter of 2023. This dataset provides the latest reported value for - Thailand Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand GDP: Change in Inventory data was reported at -52,270.000 THB mn in 2017. This records an increase from the previous number of -409,858.000 THB mn for 2016. Thailand GDP: Change in Inventory data is updated yearly, averaging 32,530.500 THB mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 267,804.000 THB mn in 2013 and a record low of -409,858.000 THB mn in 2016. Thailand GDP: Change in Inventory data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A002: SNA1993: GDP: by Expenditure: Current Price (Annual).

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 GDP: Change In Inventories data was reported at 29,523.000 THB mn in Dec 2024. This records an increase from the previous number of -169,762.000 THB mn for Sep 2024. Thailand GDP: Change In Inventories data is updated quarterly, averaging 13,060.000 THB mn from Mar 1993 (Median) to Dec 2024, with 128 observations. The data reached an all-time high of 341,077.000 THB mn in Mar 2021 and a record low of -201,792.000 THB mn in Mar 2016. Thailand GDP: Change In Inventories data remains active status in CEIC and is reported by Office of the National Economic and Social Development Council. The data is categorized under Global Database’s Thailand – Table TH.A001: SNA1993: GDP: by Expenditure: Current Price.

Thailand TH: Gross Domestic Product (GDP) data was reported at 15,691,720.000 THB mn in 2017. This records an increase from the previous number of 14,366,557.000 THB mn for 2016. Thailand TH: Gross Domestic Product (GDP) data is updated yearly, averaging 986,076.581 THB mn from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 15,691,720.000 THB mn in 2017 and a record low of 22,610.000 THB mn in 1950. Thailand TH: Gross Domestic Product (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.IFS: Gross Domestic Product: by Expenditure: Annual.

Thailand GDP: Exports of Goods and Services: Goods data was reported at 2,090,040.000 THB mn in Sep 2018. This records an increase from the previous number of 2,012,931.000 THB mn for Jun 2018. Thailand GDP: Exports of Goods and Services: Goods data is updated quarterly, averaging 1,159,273.000 THB mn from Mar 1993 (Median) to Sep 2018, with 103 observations. The data reached an all-time high of 2,090,040.000 THB mn in Sep 2018 and a record low of 205,875.000 THB mn in Mar 1993. Thailand GDP: Exports of Goods and Services: Goods data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A001: SNA1993: GDP: by Expenditure: Current Price.

Thailand TH: Import Unit Value Index: % Change data was reported at 1.431 % in 2017. This records an increase from the previous number of 0.380 % for 2016. Thailand TH: Import Unit Value Index: % Change data is updated yearly, averaging 2.334 % from Dec 1954 (Median) to 2017, with 64 observations. The data reached an all-time high of 66.284 % in 1974 and a record low of -11.929 % in 1999. Thailand TH: Import Unit Value Index: % Change 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.IFS: Volume and Unit Value Index: Annual.

Thailand Gross Domestic Product (GDP): 2002p: CVM: YoY Percentage Change data was reported at 3.900 % in 2017. This records an increase from the previous number of 3.300 % for 2016. Thailand Gross Domestic Product (GDP): 2002p: CVM: YoY Percentage Change data is updated yearly, averaging 4.600 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 9.200 % in 1992 and a record low of -7.600 % in 1998. Thailand Gross Domestic Product (GDP): 2002p: CVM: YoY Percentage Change data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A005: SNA1993: GDP: by Expenditure: CVM: 2002 Reference Year (Annual).