External balance on goods and services in Thailand
Thailand: External balance on goods and services was 3.9% in 2025. ◆ Volatile
External balance on goods and services in Thailand, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services in Thailand stood at 3.9%.
Compared with earlier readings it is up 7.2% on the previous year and down 62.8% over ten years.
Over the whole period, external balance on goods and services in Thailand peaked at 15.6% in 1998 and was at its lowest, -7.5%, in 1990.
Thailand ranks 49th of 193 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Thailand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | -1.3% | — |
| 1961 | 0.2% | -117.7% |
| 1962 | -2.0% | -970.8% |
| 1963 | -3.2% | +65.1% |
| 1964 | -1.4% | -56.2% |
| 1965 | -1.2% | -15.1% |
| 1966 | -0.3% | -72.5% |
| 1967 | -2.0% | +518.4% |
| 1968 | -3.7% | +82.6% |
| 1969 | -4.0% | +6.8% |
| 1970 | -4.4% | +9.1% |
| 1971 | -2.8% | -35.3% |
| 1972 | -1.0% | -64.8% |
| 1973 | -1.4% | +45.1% |
| 1974 | -2.4% | +63.9% |
| 1975 | -4.6% | +94.9% |
| 1976 | -2.5% | -46.4% |
| 1977 | -5.4% | +119.4% |
| 1978 | -4.2% | -22.0% |
| 1979 | -6.7% | +59.1% |
| 1980 | -6.3% | -7.0% |
| 1981 | -6.3% | +0.3% |
| 1982 | -1.7% | -72.7% |
| 1983 | -7.2% | +318.2% |
| 1984 | -4.3% | -40.4% |
| 1985 | -2.7% | -36.1% |
| 1986 | 2.0% | -174.5% |
| 1987 | 0.6% | -72.4% |
| 1988 | -1.4% | -348.1% |
| 1989 | -2.6% | +84.5% |
| 1990 | -7.5% | +193.2% |
| 1991 | -6.5% | -13.0% |
| 1992 | -4.0% | -38.7% |
| 1993 | -4.1% | +2.5% |
| 1994 | -4.8% | +15.9% |
| 1995 | -6.7% | +40.4% |
| 1996 | -6.2% | -6.8% |
| 1997 | 1.4% | -122.8% |
| 1998 | 15.6% | +999.2% |
| 1999 | 12.2% | -22.2% |
| 2000 | 8.4% | -31.1% |
| 2001 | 6.2% | -25.6% |
| 2002 | 6.3% | +1.4% |
| 2003 | 6.4% | +0.5% |
| 2004 | 4.5% | -28.7% |
| 2005 | -1.0% | -123.1% |
| 2006 | 3.3% | -411.3% |
| 2007 | 7.9% | +141.2% |
| 2008 | 2.4% | -69.6% |
| 2009 | 9.6% | +301.0% |
| 2010 | 5.7% | -40.4% |
| 2011 | 2.0% | -64.4% |
| 2012 | 0.2% | -88.8% |
| 2013 | 1.9% | +726.3% |
| 2014 | 5.9% | +212.9% |
| 2015 | 10.4% | +77.4% |
| 2016 | 13.6% | +30.0% |
| 2017 | 12.5% | -8.2% |
| 2018 | 8.8% | -29.1% |
| 2019 | 9.3% | +5.8% |
| 2020 | 5.0% | -46.4% |
| 2021 | -0.3% | -105.8% |
| 2022 | -2.1% | +641.9% |
| 2023 | 2.2% | -204.1% |
| 2024 | 3.6% | +62.0% |
| 2025 | 3.9% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.9% | -4.0% | 0.2% | 10 |
| 1970s | -3.5% | -6.7% | -1.0% | 10 |
| 1980s | -3.0% | -7.2% | 2.0% | 10 |
| 1990s | -1.1% | -7.5% | 15.6% | 10 |
| 2000s | 5.4% | -1.0% | 9.6% | 10 |
| 2010s | 7.0% | 0.2% | 13.6% | 10 |
| 2020s | 2.1% | -2.1% | 5.0% | 6 |
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)
- Total reserves minus gold (current US$), annual growth rate 14.76 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.4321 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 3,481 current US$ per person (2025)
- General government final consumption expenditure (current US$) 9.3 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1665 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,342 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 1.83 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 5.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Thailand?
- External balance on goods and services in Thailand was 3.9% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Thailand?
- The highest recorded value was 15.6% in 1998.
- What is the lowest external balance on goods and services recorded in Thailand?
- The lowest recorded value was -7.5% in 1990.
- How does Thailand rank for external balance on goods and services?
- Thailand ranks 49th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Thailand?
- Over the last ten years it is down 62.8%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.