Expense in Thailand
Thailand: Expense was 20.7% in 2023. ▲ Rising
Expense in Thailand, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Thailand recorded 20.7% for expense in 2023.
The figure is down 6.8% on the previous year and up 4.6% over ten years.
Over the whole period, expense in Thailand peaked at 25.1% in 2021 and was at its lowest, 10.3%, in 1974.
That places Thailand 105th out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Expense in Thailand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 12.5% | — |
| 1973 | 11.9% | -4.5% |
| 1974 | 10.3% | -13.3% |
| 1975 | 12.5% | +21.2% |
| 1976 | 13.0% | +4.2% |
| 1977 | 12.3% | -5.6% |
| 1978 | 13.0% | +5.8% |
| 1979 | 14.0% | +7.2% |
| 1980 | 15.4% | +10.0% |
| 1981 | 15.4% | +0.4% |
| 1982 | 16.3% | +5.9% |
| 1983 | 16.2% | -0.9% |
| 1984 | 16.3% | +1.0% |
| 1985 | 17.0% | +4.1% |
| 1986 | 16.3% | -4.1% |
| 1987 | 14.9% | -8.6% |
| 1988 | 13.1% | -12.1% |
| 1989 | 12.5% | -4.5% |
| 1990 | 11.8% | -5.9% |
| 1991 | 11.7% | -1.0% |
| 1992 | 11.5% | -1.3% |
| 1993 | 11.3% | -1.4% |
| 1994 | 11.2% | -1.0% |
| 1995 | 10.8% | -3.7% |
| 1996 | 11.2% | +3.5% |
| 1997 | 13.2% | +18.3% |
| 1998 | 16.5% | +24.4% |
| 1999 | 19.5% | +18.8% |
| 2000 | 13.5% | -30.9% |
| 2001 | 15.7% | +16.6% |
| 2002 | 20.2% | +28.3% |
| 2003 | 14.9% | -26.4% |
| 2004 | 15.5% | +4.3% |
| 2005 | 15.3% | -1.1% |
| 2006 | 15.1% | -1.6% |
| 2007 | 16.6% | +9.9% |
| 2008 | 17.1% | +3.1% |
| 2009 | 18.4% | +7.9% |
| 2010 | 17.4% | -5.4% |
| 2011 | 19.4% | +11.5% |
| 2012 | 18.6% | -4.1% |
| 2013 | 19.8% | +6.4% |
| 2014 | 20.0% | +0.9% |
| 2015 | 19.4% | -3.0% |
| 2016 | 19.7% | +1.4% |
| 2017 | 19.1% | -2.8% |
| 2018 | 19.0% | -0.5% |
| 2019 | 18.7% | -1.9% |
| 2020 | 22.8% | +22.4% |
| 2021 | 25.1% | +10.1% |
| 2022 | 22.2% | -11.6% |
| 2023 | 20.7% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.5% | 10.3% | 14.0% | 8 |
| 1980s | 15.4% | 12.5% | 17.0% | 10 |
| 1990s | 12.9% | 10.8% | 19.5% | 10 |
| 2000s | 16.2% | 13.5% | 20.2% | 10 |
| 2010s | 19.1% | 17.4% | 20.0% | 10 |
| 2020s | 22.7% | 20.7% | 25.1% | 4 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.55 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 32.88 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 264,922 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8419 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 6,783 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 19.98 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is expense in Thailand?
- Expense in Thailand was 20.7% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Thailand?
- The highest recorded value was 25.1% in 2021.
- What is the lowest expense recorded in Thailand?
- The lowest recorded value was 10.3% in 1974.
- How does Thailand rank for expense?
- Thailand ranks 105th out of 157 countries with data for 2023.
- Is expense rising or falling in Thailand?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is rising.
- 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.