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Thailand

Headline economic indicators for Thailand, with the most recent official readings.

Prices

Prices — Thailand
Indicator Value Change
Inflation rate · -0.1% -0.53 (-133.5%)
Consumer price index · 122.4 -0.16 (-0.1%)
House price index (quarterly) · 185.3 +1.45 (+0.8%)
House price inflation, year on year (quarterly) · 2.4% +1.09 (+86.9%)
Real house price index (quarterly) · 147.3 -3.52 (-2.3%)
Real house price growth, year on year (quarterly) · -0.3% -2.27 (-117.5%)
GDP deflator inflation · -0.9% -1.73 (-200.6%)

GDP

GDP — Thailand
Indicator Value Change
GDP growth rate · 2.4% -0.51 (-17.2%)
GDP per capita · 8,056.56 +669.93 (+9.1%)
GDP per capita, long-run history · 16,421 +401.55 (+2.5%)
GDP · 577,009,981,112.02 +47,624,460,170 (+9.0%)
GDP, PPP · 1,880,026,586,072 +94,831,859,830 (+5.3%)
GDP per capita, PPP · 26,250 +1,341 (+5.4%)
GDP per capita growth · 2.5% -0.49 (-16.2%)
GNI per capita · 7,690 +560.00 (+7.9%)
Agriculture to GDP · 8.7% -0.15 (-1.6%)
Industry to GDP · 31.1% -0.76 (-2.4%)
Manufacturing to GDP · 23.7% -0.50 (-2.0%)
Services to GDP · 60.2% +0.91 (+1.5%)
Household consumption to GDP · 58.5% +0.63 (+1.1%)
Gross capital formation to GDP · 22.1% +0.62 (+2.9%)
Gross savings to GDP · 23.9% -0.18 (-0.8%)

Labour

Labour — Thailand
Indicator Value Change
Unemployment rate · 0.8% +0.00 (+0.0%)
Labour force participation rate · 66.7% -0.45 (-0.7%)
Female labour force participation rate · 59.0% -0.51 (-0.9%)
Youth unemployment rate · 4.5% -0.13 (-2.8%)
Employment to population ratio · 66.2% -0.45 (-0.7%)
Employment in agriculture · 28.6% -0.43 (-1.5%)
Employment in industry · 22.2% -0.02 (-0.1%)
Employment in services · 49.2% +0.45 (+0.9%)

Money

Money — Thailand
Indicator Value Change
Real interest rate · 5.9% +2.29 (+63.3%)
Central bank policy rate · 1.0% -0.25 (-20.0%)
Real effective exchange rate (monthly) · 97.2 -1.00 (-1.0%)
Nominal effective exchange rate (monthly) · 102.6 -1.03 (-1.0%)
Private sector credit to GDP (quarterly) · 155.9% -0.43 (-0.3%)
Credit-to-GDP gap (quarterly) · -15.66 pp +0.13 (+0.8%)
Debt service ratio, private sector (quarterly) · 13.4% -0.20 (-1.5%)
Broad money to GDP · 141.0% -0.64 (-0.4%)
Private sector credit to GDP · 143.1% -3.21 (-2.2%)
Lending rate · 5.0% +0.47 (+10.5%)
Bank deposit rate · 1.2% -0.48 (-29.3%)
Stock market capitalization to GDP · 88.8% -9.37 (-9.5%)
Bank nonperforming loans · 2.8% +0.06 (+2.1%)
Official exchange rate · 32.88 -2.41 (-6.8%)

Trade

Trade — Thailand
Indicator Value Change
Current account to GDP · 3.0% +0.83 (+37.6%)
Exports to GDP · 71.1% +1.48 (+2.1%)
Imports to GDP · 67.3% +1.21 (+1.8%)
Trade to GDP · 138.4% +2.69 (+2.0%)
Exports of goods and services · 410,531,624,594.48 +41,694,813,731 (+11.3%)
Imports of goods and services · 388,129,158,917.05 +38,457,811,148 (+11.0%)
Trade balance, goods and services (annual) · 23,563,246,383.93 +4,250,875,633 (+22.0%)
Current account balance (annual) · 17,428,997,913.25 +5,809,895,328 (+50.0%)
Foreign direct investment to GDP · 3.2% +0.51 (+18.8%)
Remittances received to GDP · 2.1% +0.28 (+15.4%)
Total reserves, including gold · 282,261,124,353.13 +45,327,150,278 (+19.1%)
Reserves in months of imports · 8.1 +0.60 (+8.0%)
External debt to GNI · 37.5% -1.22 (-3.1%)

Government

Government — Thailand
Indicator Value Change
Government debt to GDP · 61.9% +0.87 (+1.4%)
Government revenue to GDP · 20.2% +0.29 (+1.5%)
Government expense to GDP · 20.7% -1.51 (-6.8%)
Tax revenue to GDP · 15.2% -0.28 (-1.8%)
Government budget balance to GDP · -1.5% +0.69 (+31.5%)
Government consumption to GDP · 16.7% +0.05 (+0.3%)
Education spending to GDP · 2.5% -0.09 (-3.5%)
Health spending to GDP · 4.5% -0.82 (-15.3%)

Demography

Demography — Thailand
Indicator Value Change
Population · 71,619,863 -48,148 (-0.1%)
Population, long-run history · 68,457 +91.60 (+0.1%)
Population growth · -0.1% -0.02 (-39.9%)
Life expectancy · 76.6 +0.15 (+0.2%)
Fertility rate · 1.20 -0.01 (-0.7%)
Birth rate · 8.1 -0.13 (-1.6%)
Death rate · 9.0 +0.14 (+1.6%)
Urban population share · 62.8% +0.93 (+1.5%)
Population aged 65 and over · 16.0% +0.65 (+4.3%)
Under-five mortality rate · 9.0 -0.20 (-2.2%)
Population density · 140.3 -0.07 (-0.0%)
Net migration · 27,509 +4,188 (+18.0%)
Gini index · 33.3 -0.20 (-0.6%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Thailand

Economies nearby

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