The Gross Domestic Product (GDP) in Thailand expanded 3.20 percent in the fourth quarter of 2024 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 gross domestic product (GDP) in current prices in Thailand was forecast to continuously increase between 2024 and 2029 by in total 123.7 billion U.S. dollars (+23.39 percent). After the seventh consecutive increasing year, the GDP is estimated to reach 652.66 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Indonesia, Myanmar (Burma), and Cambodia.

In 2024, the gross domestic product (GDP) in Thailand was estimated to grow by 2.4 percent from the previous year. During the given period of time, the growth rate of GDP of the country has been fluctuating.

In the third quarter of 2024, the value of gross domestic product (GDP) in Thailand amounted to around 4.6 trillion Thai baht, which was a slight increase from the previous quarter. The value of GDP in the country has fluctuated over the quarters.

In 2024, the imports of goods and services in Thailand was estimated to increase by 4.4 percent. The spending of medium and high income consumers in Thailand and tourism contributed greatly to the economic recovery in Thailand.

GDP Deflator in Thailand decreased to 164.98 points in the fourth quarter of 2024 from 173.34 points in the third quarter of 2024. This dataset provides - Thailand GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Thailand Nominal GDP Growth

• Thailand Nominal GDP Growth was reported at 4.047 % in Dec 2024.
• This records an increase from the previous number of 3.528 % for Sep 2024.
• Thailand Nominal GDP Growth data is updated quarterly, averaging 6.192 % from Mar 1994 to Dec 2024, with 124 observations.
• The data reached an all-time high of 21.081 % in Dec 2012 and a record low of -14.602 % in Jun 2020.
• Thailand Nominal GDP Growth 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: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency.

GDP from Transport in Thailand increased to 175094 THB Million in the first quarter of 2024 from 168920 THB Million in the fourth quarter of 2023. This dataset provides the latest reported value for - Thailand Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP from Utilities in Thailand increased to 96800 THB Million in the first quarter of 2024 from 94848 THB Million in the fourth quarter of 2023. This dataset provides the latest reported value for - Thailand Gdp From Utilities - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand’s gross domestic product (GDP) grew at a rate of 2.12 percent in 2019. 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.

Key information about Thailand GDP Per Capita

• Thailand Gross Domestic Product (GDP) per Capita reached 7,985.337 USD in Dec 2024, compared with 7,815.616 USD in Dec 2023.
• Thailand GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2024, with an average number of 1,851.627 USD.
• The data reached an all-time high of 8,175.148 USD in Dec 2019 and a record low of 102.815 in Dec 1960.
• CEIC converts annual GDP per Capita into USD. National Economic and Social Development Board provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. GDP per Capita prior to 1990 is sourced from the World Bank.

Related information about Thailand GDP Per Capita data

• In the latest reports, Thailand GDP expanded 2.681 % YoY in Mar 2023.
• Thailand Nominal GDP reached 132.032 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 2.901 % in Mar 2023.
• Gross Savings Rate of Thailand was measured at 30.401 % in Mar 2023.

The Gross Domestic Product per capita in Thailand was last recorded at 21142.66 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Thailand, when adjusted by Purchasing Power Parity is equivalent to 119 percent of the world's average. This dataset provides - Thailand GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Contribution to GDP of Manufacturing in Thailand 2024 - 2028 Discover more data with ReportLinker!

Gross domestic savings (% of GDP) in Thailand was reported at 25.68 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Thailand recorded a Government Debt to GDP of 61.90 percent of the country's Gross Domestic Product in 2023. This dataset provides - Thailand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Thailand Private Debt: % of Nominal GDP

• Thailand Private Debt accounted for 166.09 % of its Nominal GDP in Dec 2024, compared with a ratio of 166.63 % in the previous quarter
• Thailand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2011 to Dec 2024, with an average share of 155.13 %
• The data reached an all-time high of 178.42 % in Dec 2021 and a record low of 126.82 % in Mar 2011

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Bank of Thailand provides Private Debt in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency.

Forecast: Contribution to GDP of Construction in Thailand 2024 - 2028 Discover more data with ReportLinker!

GDP per capita, PPP (constant 2017 international $) in Thailand was reported at 21143 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Coal rents (% of GDP) in Thailand was reported at 0.03356 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Coal rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Key information about Thailand Consolidated Fiscal Balance: % of GDP

• Thailand Consolidated Fiscal Balance recorded a deficit equal to 5.7 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.1 % in the previous quarter
• Thailand Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 2002 to Dec 2024, with an average ratio of -2.7 %
• The data reached an all-time high of 0.7 % in Dec 2006 and a record low of -6.8 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Fiscal Policy Office provides Consolidated Fiscal Balance in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency.


Further information about Thailand Consolidated Fiscal Balance: % of GDP

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