The Thai economy grew 1.60 percent in 2021 recovering from a 6.20 percent contraction in 2020. source: Nesdb, Thailand

Full Year GDP Growth in Thailand averaged 3.25 percent from 1994 until 2021, reaching an all time high of 8.10 percent in 1995 and a record low of -7.60 percent in 1998. This page includes a chart with historical data for Thailand Full Year GDP Growth. Thailand Full Year GDP Growth - values, historical data and charts - was last updated on February of 2023.

Full Year GDP Growth in Thailand is expected to reach 3.70 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Full Year GDP Growth is projected to trend around 3.50 percent in 2024 and 3.30 percent in 2025, according to our econometric models.

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Thailand Full Year GDP Growth

Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 02:30 AM 2020 -6.1% 2.4% -6.0%
2022-02-21 01:30 AM 2021 1.6% -6.2% 0.8%
2023-02-20 02:30 AM 2023 1.6% 3.0%

Related Last Previous Unit Reference
GDP Growth Rate 1.20 0.70 percent Sep 2022
GDP Annual Growth Rate 4.50 2.50 percent Sep 2022
GDP 505.95 499.68 USD Billion Dec 2021

Thailand Full Year GDP Growth
Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
1.60 -6.20 8.10 -7.60 1994 - 2021 percent Yearly
Constant 2002 prices