Thailand's economy unexpectedly showed no growth on quarter in the three months to September 2018, missing market consensus of a 0.6 percent expansion and after a downwardly revised 0.9 percent growth in the previous quarter. It was the weakest quarterly reading since a contraction in the March quarter 2014, due to a marked slowdown in private consumption and a further drop in government spending while net exports contributed negatively to the GDP. GDP Growth Rate in Thailand averaged 0.94 percent from 1993 until 2018, 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.
GDP Growth Rate in Thailand is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Thailand to stand at 0.90 in 12 months time. In the long-term, the Thailand GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.