Thailand GDP Growth Rate 1993-2018 | Data | Chart | Calendar | Forecast

Thailand's economy advanced by 0.5 percent quarter-on-quarter in October-December of 2017, easing from 1 percent growth in the previous period and missing market expectations of 0.7 percent. It was the weakest pace of expansion since the second quarter of 2015, mainly due to a slowdown in exports. GDP Growth Rate in Thailand averaged 0.94 percent from 1993 until 2017, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -6.30 percent in the fourth quarter of 2011.

Thailand GDP Growth Rate
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Thai Economy Expands 0.5% QoQ in Q4


Thailand's economy advanced by 0.5 percent quarter-on-quarter in October-December of 2017, easing from 1 percent growth in the previous period and missing market expectations of 0.7 percent. It was the weakest pace of expansion since the second quarter of 2015, mainly due to a slowdown in exports.

On the expenditure side, net external demand contributed negatively to growth, as exports of goods and services went up 1.2 percent (vs 1.9 percent in Q3), while imports rose at a faster 3 percent (vs 0.9 percent in Q3). Meantime, private consumption increased by 0.8 percent, following a 0.2 percent gain in the September quarter, and fixed investment jumped 2.1 percent, after showing no growth in Q3. Government spending went up by 4.9 percent, recovering from a 1.5 percent contraction in the previous period.

On the production side, growth was mainly driven by wholesale and retail trade (2.3 percent vs 2.2 percent in Q3) and financial intermediation (1.9 percent vs -0.8 percent), while manufacturing stalled (vs 2.9 percent in Q3) and agriculture continued to contract (-6.3 percent vs -5.6 percent).

Year-on-year, the country's GDP growth stood at 4 percent, compared with 4.3 percent in the third quarter and also below market expectations of 4.4 percent.

Considering 2017 as a whole, the economy grew by 3.9 percent, the highest annual gain since 2012. For 2018, the NESDB maintained its economic growth forecast at 3.6-4.6 percent.


NESDB l Chusnul Ch Manan |
2/19/2018 9:58:48 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-21 02:30 AM GDP Growth Rate QoQ 1.30% 1.3% 1% 1%
2017-11-20 02:30 AM GDP Growth Rate QoQ 1.00% 1.4% 0.75% 0.9%
2018-02-19 02:30 AM GDP Growth Rate QoQ 0.5% 1% 0.7% 0.8%
2018-05-15 02:30 AM GDP Growth Rate QoQ 0.5% 1%
2018-08-21 02:30 AM GDP Growth Rate QoQ 0.90%
2018-11-20 02:30 AM GDP Growth Rate QoQ 0.90%


Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 1.00 9.40 -6.30 percent [+]
GDP Annual Growth Rate 4.00 4.30 15.50 -12.50 percent [+]
GDP 406.84 399.23 420.53 2.76 USD Billion [+]
GDP Constant Prices 2580979.00 2569246.00 2580979.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 620109.00 599017.00 724143.00 250204.00 THB Million [+]
GDP per capita 5901.40 5733.90 5901.40 570.90 USD [+]
GDP per capita PPP 15681.80 15236.70 15681.80 6650.40 USD [+]
GDP From Agriculture 119074.00 127447.00 136512.00 66643.00 THB Million [+]
GDP From Construction 70897.00 70713.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 722532.00 690337.00 722532.00 269359.00 THB Million [+]
GDP From Mining 60256.00 57549.00 63557.00 20064.00 THB Million [+]
GDP From Public Administration 127207.00 126015.00 128359.00 41767.00 THB Million [+]
GDP From Transport 270521.00 264369.00 270521.00 64995.00 THB Million [+]
GDP From Utilities 84086.00 84644.00 84644.00 22202.00 THB Million [+]


Thailand GDP Growth Rate

From 2000 to 2011, Thai economy grew at an average of 1.1 percent quarter-on-quarter, boosted by industrial and agricultural exports and to lesser extend by domestic consumption. Yet, as exports have been weakening throughout 2012 and 2013 due to several external economic shocks, domestic and public consumption has become the main source of expansion. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.00 9.40 -6.30 1993 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Netherlands 0.80 Dec/17
Spain 0.70 Mar/18
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
Japan 0.40 Dec/17
France 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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