Thailand: Industry value added, billion USD: The latest value from 2024 is 169.14 billion U.S. dollars, a decline from 170.15 billion U.S. dollars in 2023. In comparison, the world average is 168.28 billion U.S. dollars, based on data from 150 countries. Historically, the average for Thailand from 1960 to 2024 is 59 billion U.S. dollars. The minimum value, 0.51 billion U.S. dollars, was reached in 1960 while the maximum of 182.74 billion U.S. dollars was recorded in 2019.

Thailand TH: GDP: Gross Value Added at Factor Cost: Industry data was reported at 5,412,575.000 THB mn in 2017. This records an increase from the previous number of 5,199,840.000 THB mn for 2016. Thailand TH: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 606,284.005 THB mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 5,412,575.000 THB mn in 2017 and a record low of 10,828.000 THB mn in 1960. Thailand TH: GDP: Gross Value Added at Factor Cost: 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.WDI: Gross Domestic Product: Nominal. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

In the fourth quarter of 2024, the service sector contributed ** percent to the economy in Thailand, making it the highest contributor compared to other sectors. In contrast, *********** was the sector with the lowest economic contribution.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Thailand from 2013 to 2023. In 2023, the share of agriculture in Thailand's gross domestic product was 8.58 percent, industry contributed approximately 32.89 percent and the services sector contributed about 58.54 percent.

In 2023, the manufacturing sector contributed to Thailand's gross domestic product (GDP) the most with approximately *** trillion Thai baht, followed by the wholesale and retail trade sector with a GDP contribution of *** trillion Thai baht. In that same year, the total GDP in Thailand amounted to around ***** trillion Thai baht.

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.

Industrial Production in Thailand decreased 0.08 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Thailand Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand TISI: By Size: Large Enterprises data was reported at 108.100 NA in Jun 2018. This records an increase from the previous number of 107.300 NA for May 2018. Thailand TISI: By Size: Large Enterprises data is updated monthly, averaging 98.500 NA from Oct 2002 (Median) to Jun 2018, with 189 observations. The data reached an all-time high of 131.100 NA in Feb 2010 and a record low of 58.700 NA in Dec 2008. Thailand TISI: By Size: Large Enterprises data remains active status in CEIC and is reported by The Federation of Thai Industries. The data is categorized under Global Database’s Thailand – Table TH.S008: Thai Industries Sentiment Index: By Industry, Region and Exporter.

The Thailand IT and Security Market Report is Segmented by Component (Hardware and Devices, Software, Services), Deployment Mode (On-Premises, Cloud, Hybrid), Organization Size (Large Enterprises, Small and Medium Enterprises), End-User Industry (BFSI, Government and Defense, Manufacturing, Healthcare, Retail and E-Commerce, Energy and Utilities), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Industrial Production in Thailand decreased 1.54 percent in August of 2025 over the previous month. This dataset provides the latest reported value for - Thailand Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the market value of the digital industry in Thailand amounted to over ************ Thai baht, which was an increase compared to the previous year. The digital subsectors under these figures include software products, hardware and smart devices, digital services, and digital content. Digital transformation on Thailand’s digital industry Thailand’s digital sector has been greatly impacted by the digital transformation resulting from the rapid digital adoption of businesses. Among the subsectors under Thailand’s digital industry, the digital services sector has shown the greatest expansion in recent years. The shift in consumer demand, since the COVID-19 pandemic and the lockdown that took place between 2020 and 2022, has forced businesses to optimize their operations by transitioning towards digital platforms, such as providing efficient e-transaction systems, switching up their e-retail interface, and focusing more on e-advertisements. Digital in the Thailand 4.0 model The Thailand 4.0 economic model has also contributed to the digital transformation in Thailand, familiarizing consumers and businesses with digital platforms. The economic model aims to create a ‘value-based economy’ through innovation and technology, with a plan to integrate conventional sectors with smart technology. Despite the goal to become an innovative and digitalized society, the forecast of the country’s digital sentiment score shows potential for greater digital penetration in many segments. This poses a challenge for the Thailand 4.0 scheme to be fully utilized but also presents the possibility of introducing new technologies for the conventional business sectors and consumers in Thailand.

The statistic shows the distribution of employment in Thailand by economic sector from 2013 to 2023. In 2023, 30.11 percent of the employees in Thailand were active in the agricultural sector, 22.13 percent in industry and 47.76 percent in the service sector.

Thailand TISI: By Size: Small Enterprises data was reported at 74.500 NA in Jun 2018. This records a decrease from the previous number of 75.400 NA for May 2018. Thailand TISI: By Size: Small Enterprises data is updated monthly, averaging 83.200 NA from Oct 2002 (Median) to Jun 2018, with 189 observations. The data reached an all-time high of 114.300 NA in Nov 2003 and a record low of 61.700 NA in Feb 2009. Thailand TISI: By Size: Small Enterprises data remains active status in CEIC and is reported by The Federation of Thai Industries. The data is categorized under Global Database’s Thailand – Table TH.S008: Thai Industries Sentiment Index: By Industry, Region and Exporter.

Industrial production, annual percent change in Thailand, September, 2025 The most recent value is 1.02 percent as of September 2025, an increase compared to the previous value of -4.36 percent. Historically, the average for Thailand from January 1988 to September 2025 is 5.14 percent. The minimum of -48.6 percent was recorded in November 2011, while the maximum of 59.55 percent was reached in November 2012. | TheGlobalEconomy.com

Actual value and historical data chart for Thailand Industry Value Added Percent Of GDP

In 2024, the construction industry's investment value for the public sector in Thailand amounted to around *** billion Thai baht. The total construction investment value amounted to nearly *** trillion Thai baht in the same year. Although the construction industry in the country has been severely interrupted by the COVID-19 pandemic in the past years, resulting in temporary shutdowns of construction sites, the industry still has great potential for growth in the future. The Thai economy and the construction industry The construction sector plays a major role in the country’s economy, since it also serves as the basis of growth for other sectors. The GDP from the construction sector has increased throughout the years, signaling the sector’s rising importance. Since the number of permitted construction units has increased in recent years, this contributes to the expansion of both, commercial and residential construction and real estate markets in Thailand. The development of the construction industry The construction industry’s growth has been partly influenced by the demand for residential living units. Furthermore, there has been more construction for shopping malls and restaurants in the country to satisfy consumer needs. The higher demand for living units has also led to an increase in greater supply of condominiums, especially in Bangkok and its peripheral areas. Currently, the Thai government is aiming to shape some areas into special economic zones focused towards industrial growth. This policy is the potential driving force of a greater growth in construction in the country.

Thailand TISI: By Industry: Footwear data was reported at 90.000 NA in Sep 2018. This records an increase from the previous number of 88.300 NA for Aug 2018. Thailand TISI: By Industry: Footwear data is updated monthly, averaging 85.800 NA from Oct 2002 (Median) to Sep 2018, with 192 observations. The data reached an all-time high of 131.700 NA in Dec 2005 and a record low of 48.700 NA in Feb 2009. Thailand TISI: By Industry: Footwear data remains active status in CEIC and is reported by The Federation of Thai Industries. The data is categorized under Global Database’s Thailand – Table TH.S007: Thai Industries Sentiment Index: By Industry, Region and Exporter.

In 2022, the tourism industry contributed around **** percent to Thailand's GDP, which increased from the previous year. In that same period, the total value of Thailand's GDP was almost ************ billion U.S. dollars. ​ Thailand's tourism industry has been heavily affected by the COVID-19 pandemic. However, it is currently recovering after the government relaxed COVID-19 regulations and promoted tourism. The economic contribution of travel and tourism in Thailand Thailand is recognized as one of the most popular tourist destinations worldwide. ​Travel and tourism play a significant role in supporting Thailand's economy. In 2022, these industries' contribution to the country’s GDP reached over one trillion Thai baht. Thailand's tourism industry also provided nearly ***** million jobs in the country, ranking fifth in terms of the highest number of people employed in the tourism industry in the Asia-Pacific region in 2022. Inbound tourism in Thailand Thailand's economy relies heavily on international tourism. The tourist economy of the country has been recovering steadily since the country allowed international tourist arrivals again in 2022. In 2023, Thailand welcomed around ** million international tourists, which was more than double the previous year. ​In that same year, the total revenue generated by international tourist arrivals in the country reached more than one hundred billion Thai baht on a nearly monthly basis, giving the country a total revenue of over one trillion Thai baht for the entire year.

In 2023, Thailand's food and agricultural exports amounted to approximately ** billion U.S. dollars. In comparison, the value of the retail food industry reached approximately * billion U.S. dollars.

Monthly and long-term Thailand Industrial Production (ann. var. %) data: historical series and analyst forecasts curated by FocusEconomics.