Central government debt, total in Thailand
Thailand: Central government debt, total was 61.9% in 2024. ◆ Volatile
Central government debt, total in Thailand, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for central government debt, total in Thailand is 61.9%, measured in 2024. That is the highest value across all 34 years on record.
The figure is up 1.4% on the previous year and up 74.8% over ten years.
Over the whole period, central government debt, total in Thailand peaked at 61.9% in 2024 and was at its lowest, 3.7%, in 1996.
That places Thailand 30th out of 83 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.
Central government debt, total in Thailand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 18.4% | — |
| 1991 | 13.4% | -27.5% |
| 1992 | 10.9% | -18.6% |
| 1993 | 8.2% | -24.8% |
| 1994 | 5.7% | -30.5% |
| 1995 | 4.6% | -19.0% |
| 1996 | 3.7% | -20.3% |
| 1997 | 4.6% | +26.4% |
| 1998 | 10.7% | +129.9% |
| 1999 | 20.0% | +87.5% |
| 2000 | 22.0% | +9.8% |
| 2001 | 24.6% | +11.9% |
| 2002 | 30.1% | +22.3% |
| 2003 | 27.0% | -10.1% |
| 2004 | 24.4% | -9.8% |
| 2005 | 25.5% | +4.4% |
| 2006 | 24.4% | -4.2% |
| 2007 | 23.0% | -5.7% |
| 2008 | 22.5% | -2.4% |
| 2009 | 26.8% | +19.3% |
| 2010 | 26.9% | +0.5% |
| 2011 | 28.1% | +4.6% |
| 2012 | 28.4% | +1.1% |
| 2013 | 38.2% | +34.2% |
| 2014 | 35.4% | -7.3% |
| 2015 | 36.7% | +3.6% |
| 2016 | 37.3% | +1.7% |
| 2018 | 37.9% | +1.6% |
| 2019 | 38.6% | +1.9% |
| 2020 | 50.3% | +30.3% |
| 2021 | 58.5% | +16.3% |
| 2022 | 60.3% | +3.1% |
| 2023 | 61.0% | +1.1% |
| 2024 | 61.9% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.0% | 3.7% | 20.0% | 10 |
| 2000s | 25.0% | 22.0% | 30.1% | 10 |
| 2010s | 34.2% | 26.9% | 38.6% | 9 |
| 2020s | 58.4% | 50.3% | 61.9% | 5 |
Countries ranked near Thailand
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)
- Final consumption expenditure (constant 2015 US$), per capita 5,082 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 10.46 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9718 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 7,830 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.92 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 31.96 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 257,462 current LCU per person (2025)
- Exports of goods and services (current US$), annual growth rate 11.3 % change on previous year (2025)
Frequently asked questions
- What is central government debt, total in Thailand?
- Central government debt, total in Thailand was 61.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Thailand?
- The highest recorded value was 61.9% in 2024.
- What is the lowest central government debt, total recorded in Thailand?
- The lowest recorded value was 3.7% in 1996.
- How does Thailand rank for central government debt, total?
- Thailand ranks 30th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Thailand?
- Over the last ten years it is up 74.8%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.