External debt stocks in Thailand
Thailand: External debt stocks was 37.5% in 2024. ▲ Rising
External debt stocks in Thailand, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, external debt stocks in Thailand stood at 37.5%.
The figure is down 3.1% on the previous year and down 1.4% over ten years.
Over the whole period, external debt stocks in Thailand peaked at 96.0% in 1998 and was at its lowest, 11.5%, in 1973.
That places Thailand 76th out of 122 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
External debt stocks in Thailand, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 14.1% | — |
| 1971 | 14.6% | +3.8% |
| 1972 | 15.1% | +3.0% |
| 1973 | 11.5% | -23.5% |
| 1974 | 11.7% | +1.3% |
| 1975 | 12.5% | +7.2% |
| 1976 | 13.7% | +9.5% |
| 1977 | 17.0% | +23.5% |
| 1978 | 21.1% | +24.4% |
| 1979 | 24.6% | +16.3% |
| 1980 | 25.9% | +5.3% |
| 1981 | 31.6% | +22.4% |
| 1982 | 34.0% | +7.3% |
| 1983 | 35.0% | +3.0% |
| 1984 | 36.3% | +3.9% |
| 1985 | 45.9% | +26.2% |
| 1986 | 43.9% | -4.3% |
| 1987 | 41.0% | -6.5% |
| 1988 | 35.9% | -12.6% |
| 1989 | 33.0% | -8.0% |
| 1990 | 33.5% | +1.5% |
| 1991 | 39.1% | +16.6% |
| 1992 | 38.3% | -2.0% |
| 1993 | 41.6% | +8.7% |
| 1994 | 45.5% | +9.4% |
| 1995 | 60.3% | +32.4% |
| 1996 | 63.3% | +4.9% |
| 1997 | 75.3% | +19.0% |
| 1998 | 96.0% | +27.5% |
| 1999 | 78.9% | -17.8% |
| 2000 | 64.4% | -18.4% |
| 2001 | 57.6% | -10.7% |
| 2002 | 48.6% | -15.6% |
| 2003 | 40.0% | -17.6% |
| 2004 | 35.3% | -11.7% |
| 2005 | 32.4% | -8.4% |
| 2006 | 29.4% | -9.2% |
| 2007 | 24.9% | -15.3% |
| 2008 | 23.8% | -4.4% |
| 2009 | 29.8% | +25.3% |
| 2010 | 32.8% | +10.1% |
| 2011 | 32.5% | -0.8% |
| 2012 | 39.8% | +22.5% |
| 2013 | 39.1% | -1.9% |
| 2014 | 38.0% | -2.7% |
| 2015 | 32.3% | -15.0% |
| 2016 | 33.3% | +3.0% |
| 2017 | 35.2% | +5.9% |
| 2018 | 35.7% | +1.3% |
| 2019 | 32.2% | -9.8% |
| 2020 | 38.2% | +18.7% |
| 2021 | 40.3% | +5.4% |
| 2022 | 41.9% | +4.1% |
| 2023 | 38.7% | -7.6% |
| 2024 | 37.5% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.6% | 11.5% | 24.6% | 10 |
| 1980s | 36.2% | 25.9% | 45.9% | 10 |
| 1990s | 57.2% | 33.5% | 96.0% | 10 |
| 2000s | 38.6% | 23.8% | 64.4% | 10 |
| 2010s | 35.1% | 32.2% | 39.8% | 10 |
| 2020s | 39.3% | 37.5% | 41.9% | 5 |
Countries ranked near Thailand
- 73 Kosovo 38.6% compare
- 73 Kosovo (UNSCR 1244) 38.6% compare
- 75 Samoa 37.6% compare
- 77 Tajikistan 37.4% compare
- 78 Gabon 36.0% compare
- 79 Central African Republic 35.9% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.2374 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,913 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 7.81 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 62,902 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.2016 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,624 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 39,479 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 6.38 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks in Thailand?
- External debt stocks in Thailand was 37.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Thailand?
- The highest recorded value was 96.0% in 1998.
- What is the lowest external debt stocks recorded in Thailand?
- The lowest recorded value was 11.5% in 1973.
- How does Thailand rank for external debt stocks?
- Thailand ranks 76th out of 122 countries with data for 2024.
- Is external debt stocks rising or falling in Thailand?
- Over the last ten years it is down 1.4%. The long-run trend across the full record is rising.
- Where does this Thailand data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.