Government Spending in Thailand increased to 411816 THB Million in the third quarter of 2020 from 402563 THB Million in the second quarter of 2020. source: Nesdb, Thailand

Government Spending in Thailand averaged 259545.61 THB Million from 1993 until 2020, reaching an all time high of 411816 THB Million in the third quarter of 2020 and a record low of 113953 THB Million in the first quarter of 1993. This page provides - Thailand Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Spending - values, historical data and charts - was last updated on November of 2020.

Government Spending in Thailand is expected to be 396277.00 THB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Thailand to stand at 424659.00 in 12 months time. In the long-term, the Thailand Government Spending is projected to trend around 418072.00 THB Million in 2021 and 432286.00 THB Million in 2022, according to our econometric models.

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Thailand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
411816.00 402563.00 411816.00 113953.00 1993 - 2020 THB Million Quarterly
Constant Prices 2002 SA

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.80 41.20 57.80 15.20 percent [+]
Government Budget -1.90 -2.40 4.90 -5.10 percent of GDP [+]
Government Budget Value 13238.00 34284.00 217720.00 -258195.00 THB Million [+]
Government Spending 411816.00 402563.00 411816.00 113953.00 THB Million [+]
Government Revenues 267566.00 147419.00 381711.00 14663.30 THB Million [+]
Fiscal Expenditure 228413.00 134181.00 409249.00 15678.00 THB Million [+]
Military Expenditure 6420.00 6306.00 6420.00 369.00 USD Million [+]
Credit Rating 65.00 [+]


Thailand Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.