Full year GDP growth in Thailand increased 2.6 percent in 2022, compared to a downwardly revised 1.5 percent in 2021, the most since 2018, manily boosted by a recovery in tourism and continual improvement of domestic demand in both private consumption and investment source: Nesdb, Thailand

Full Year GDP Growth in Thailand averaged 3.21 percent from 1994 until 2022, 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 June of 2023.

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Thailand Full Year GDP Growth

Calendar GMT Actual Previous Consensus TEForecast
2022-02-21 01:30 AM 2021 1.6% -6.2% 0.8%
2023-02-17 02:30 AM 2023 2.6% 1.5% 3.0%

Related Last Previous Unit Reference
GDP Growth Rate 1.90 -1.50 percent Mar 2023
GDP Annual Growth Rate 2.70 1.40 percent Mar 2023
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
2.60 1.50 8.10 -7.60 1994 - 2022 percent Yearly
Constant 2002 prices