Annual GDP growth in Thailand
Thailand: Annual GDP growth was 2.5% in 2024. ◆ Volatile
Latest (2024)
2.5%
Change on year
up 26.0%
World rank
119th
of 196 countries
All-time high
7.5%
in 2010
All-time low
-6.1%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Thailand, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Thailand stood at 2.5%.
That represents a change of up 26.0% on the previous year and up 158.2% over ten years.
Over the whole period, annual gdp growth in Thailand peaked at 7.5% in 2010 and was at its lowest, -6.1%, in 2020.
That places Thailand 119th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Thailand, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 3.4% | -22.7% |
| 2002 | 6.1% | +78.5% |
| 2003 | 7.2% | +16.9% |
| 2004 | 6.3% | -12.5% |
| 2005 | 4.2% | -33.4% |
| 2006 | 5.0% | +18.6% |
| 2007 | 5.4% | +9.4% |
| 2008 | 1.7% | -68.2% |
| 2009 | -0.7% | -140.0% |
| 2010 | 7.5% | -1187.9% |
| 2011 | 0.8% | -88.8% |
| 2012 | 7.2% | +762.1% |
| 2013 | 2.7% | -62.9% |
| 2014 | 1.0% | -63.4% |
| 2015 | 3.1% | +218.3% |
| 2016 | 3.4% | +9.6% |
| 2017 | 4.2% | +21.6% |
| 2018 | 4.2% | +1.1% |
| 2019 | 2.1% | -49.9% |
| 2020 | -6.1% | -386.1% |
| 2021 | 1.6% | -125.7% |
| 2022 | 2.6% | +66.2% |
| 2023 | 2.0% | -21.8% |
| 2024 | 2.5% | +26.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.3% | -0.7% | 7.2% | 10 |
| 2010s | 3.6% | 0.8% | 7.5% | 10 |
| 2020s | 0.5% | -6.1% | 2.6% | 5 |
Countries ranked near Thailand
- 116 El Salvador 2.6% compare
- 117 Ireland 2.6% compare
- 118 Congo 2.6% compare
- 120 Trinidad and Tobago 2.5% compare
- 121 Marshall Islands 2.5% compare
- 122 Jordan 2.5% compare
More economy & growth data for Thailand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 2.44 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8419 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,783 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.44 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 19.98 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 160,932 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 6.13 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2489 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Thailand?
- Annual gdp growth in Thailand was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Thailand?
- The highest recorded value was 7.5% in 2010.
- What is the lowest annual gdp growth recorded in Thailand?
- The lowest recorded value was -6.1% in 2020.
- How does Thailand rank for annual gdp growth?
- Thailand ranks 119th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Thailand?
- Over the last ten years it is up 158.2%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).