Gross domestic product (GDP) in Thailand
Thailand: Gross domestic product (GDP) was 1.65 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Thailand, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Thailand recorded 1.65 trillion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 10.5% on the previous year and up 32.7% over ten years.
Over the whole period, gross domestic product (gdp) in Thailand peaked at 1.65 trillion international-$ in 2021 prices in 2023 and was at its lowest, 24.29 billion international-$ in 2021 prices, in 1953.
That places Thailand 20th out of 184 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 27.34 billion international-$ in 2021 prices | 24.29 billion international-$ in 2021 prices | 33.29 billion international-$ in 2021 prices | 10 |
| 1960s | 53.63 billion international-$ in 2021 prices | 36.95 billion international-$ in 2021 prices | 76.20 billion international-$ in 2021 prices | 10 |
| 1970s | 138.67 billion international-$ in 2021 prices | 102.83 billion international-$ in 2021 prices | 189.33 billion international-$ in 2021 prices | 10 |
| 1980s | 252.78 billion international-$ in 2021 prices | 198.37 billion international-$ in 2021 prices | 338.39 billion international-$ in 2021 prices | 10 |
| 1990s | 506.53 billion international-$ in 2021 prices | 373.63 billion international-$ in 2021 prices | 648.44 billion international-$ in 2021 prices | 10 |
| 2000s | 737.78 billion international-$ in 2021 prices | 538.84 billion international-$ in 2021 prices | 935.89 billion international-$ in 2021 prices | 10 |
| 2010s | 1.25 trillion international-$ in 2021 prices | 1.04 trillion international-$ in 2021 prices | 1.46 trillion international-$ in 2021 prices | 10 |
| 2020s | 1.49 trillion international-$ in 2021 prices | 1.39 trillion international-$ in 2021 prices | 1.65 trillion international-$ in 2021 prices | 4 |
Countries ranked near Thailand
- 17 Saudi Arabia 1.96 trillion international-$ in 2021 prices compare
- 18 Egypt 1.96 trillion international-$ in 2021 prices compare
- 19 Australia 1.70 trillion international-$ in 2021 prices compare
- 21 Poland 1.52 trillion international-$ in 2021 prices compare
- 22 Taiwan 1.45 trillion international-$ in 2021 prices compare
- 23 Pakistan 1.40 trillion international-$ in 2021 prices compare
More economy & growth data for Thailand
- External balance on goods and services as a percent of GDP 3.9% (2025)
- Inflation of consumer prices -0.1% (2025)
- GDP per capita 6,783 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 23.7% (2025)
- Gross domestic product (GDP) 485.78 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,783 constant 2015 US$ (2025)
- DEC alternative conversion factor 32.88 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 310.09 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 9.43 billion current US$ (2025)
- Net primary income (Net income from abroad) -490.45 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Thailand?
- Gross domestic product (gdp) in Thailand was 1.65 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Thailand?
- The highest recorded value was 1.65 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Thailand?
- The lowest recorded value was 24.29 billion international-$ in 2021 prices in 1953.
- How does Thailand rank for gross domestic product (gdp)?
- Thailand ranks 20th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Thailand?
- Over the last ten years it is up 32.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.