Gross domestic product (GDP) in Thailand
Thailand: Gross domestic product (GDP) was 1.65 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.65 trillion international-$ in 2021 prices
Change on year
up 10.5%
World rank
20th
of 184 countries
All-time high
1.65 trillion international-$ in 2021 prices
in 2023
All-time low
24.29 billion international-$ in 2021 prices
in 1953
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Thailand, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 27.19 billion international-$ in 2021 prices | — |
| 1951 | 26.30 billion international-$ in 2021 prices | -3.3% |
| 1952 | 26.29 billion international-$ in 2021 prices | -0.0% |
| 1953 | 24.29 billion international-$ in 2021 prices | -7.6% |
| 1954 | 26.50 billion international-$ in 2021 prices | +9.1% |
| 1955 | 24.51 billion international-$ in 2021 prices | -7.5% |
| 1956 | 25.78 billion international-$ in 2021 prices | +5.2% |
| 1957 | 29.20 billion international-$ in 2021 prices | +13.3% |
| 1958 | 30.08 billion international-$ in 2021 prices | +3.0% |
| 1959 | 33.29 billion international-$ in 2021 prices | +10.7% |
| 1960 | 36.95 billion international-$ in 2021 prices | +11.0% |
| 1961 | 39.28 billion international-$ in 2021 prices | +6.3% |
| 1962 | 41.54 billion international-$ in 2021 prices | +5.8% |
| 1963 | 44.41 billion international-$ in 2021 prices | +6.9% |
| 1964 | 48.11 billion international-$ in 2021 prices | +8.3% |
| 1965 | 53.66 billion international-$ in 2021 prices | +11.5% |
| 1966 | 62.76 billion international-$ in 2021 prices | +16.9% |
| 1967 | 64.36 billion international-$ in 2021 prices | +2.5% |
| 1968 | 68.98 billion international-$ in 2021 prices | +7.2% |
| 1969 | 76.20 billion international-$ in 2021 prices | +10.5% |
| 1970 | 102.83 billion international-$ in 2021 prices | +35.0% |
| 1971 | 108.12 billion international-$ in 2021 prices | +5.1% |
| 1972 | 112.94 billion international-$ in 2021 prices | +4.5% |
| 1973 | 122.96 billion international-$ in 2021 prices | +8.9% |
| 1974 | 128.00 billion international-$ in 2021 prices | +4.1% |
| 1975 | 134.60 billion international-$ in 2021 prices | +5.2% |
| 1976 | 146.60 billion international-$ in 2021 prices | +8.9% |
| 1977 | 162.56 billion international-$ in 2021 prices | +10.9% |
| 1978 | 178.76 billion international-$ in 2021 prices | +10.0% |
| 1979 | 189.33 billion international-$ in 2021 prices | +5.9% |
| 1980 | 198.37 billion international-$ in 2021 prices | +4.8% |
| 1981 | 209.98 billion international-$ in 2021 prices | +5.9% |
| 1982 | 217.85 billion international-$ in 2021 prices | +3.7% |
| 1983 | 229.66 billion international-$ in 2021 prices | +5.4% |
| 1984 | 242.24 billion international-$ in 2021 prices | +5.5% |
| 1985 | 250.51 billion international-$ in 2021 prices | +3.4% |
| 1986 | 254.66 billion international-$ in 2021 prices | +1.7% |
| 1987 | 277.08 billion international-$ in 2021 prices | +8.8% |
| 1988 | 309.07 billion international-$ in 2021 prices | +11.5% |
| 1989 | 338.39 billion international-$ in 2021 prices | +9.5% |
| 1990 | 373.63 billion international-$ in 2021 prices | +10.4% |
| 1991 | 397.26 billion international-$ in 2021 prices | +6.3% |
| 1992 | 440.08 billion international-$ in 2021 prices | +10.8% |
| 1993 | 477.27 billion international-$ in 2021 prices | +8.5% |
| 1994 | 518.98 billion international-$ in 2021 prices | +8.7% |
| 1995 | 587.41 billion international-$ in 2021 prices | +13.2% |
| 1996 | 648.44 billion international-$ in 2021 prices | +10.4% |
| 1997 | 596.00 billion international-$ in 2021 prices | -8.1% |
| 1998 | 504.58 billion international-$ in 2021 prices | -15.3% |
| 1999 | 521.66 billion international-$ in 2021 prices | +3.4% |
| 2000 | 538.84 billion international-$ in 2021 prices | +3.3% |
| 2001 | 559.03 billion international-$ in 2021 prices | +3.7% |
| 2002 | 604.38 billion international-$ in 2021 prices | +8.1% |
| 2003 | 649.30 billion international-$ in 2021 prices | +7.4% |
| 2004 | 700.53 billion international-$ in 2021 prices | +7.9% |
| 2005 | 773.26 billion international-$ in 2021 prices | +10.4% |
| 2006 | 817.36 billion international-$ in 2021 prices | +5.7% |
| 2007 | 875.04 billion international-$ in 2021 prices | +7.1% |
| 2008 | 935.89 billion international-$ in 2021 prices | +7.0% |
| 2009 | 924.18 billion international-$ in 2021 prices | -1.3% |
| 2010 | 1.04 trillion international-$ in 2021 prices | +12.4% |
| 2011 | 1.10 trillion international-$ in 2021 prices | +6.0% |
| 2012 | 1.23 trillion international-$ in 2021 prices | +11.6% |
| 2013 | 1.24 trillion international-$ in 2021 prices | +1.2% |
| 2014 | 1.22 trillion international-$ in 2021 prices | -2.0% |
| 2015 | 1.23 trillion international-$ in 2021 prices | +0.8% |
| 2016 | 1.27 trillion international-$ in 2021 prices | +3.4% |
| 2017 | 1.34 trillion international-$ in 2021 prices | +5.7% |
| 2018 | 1.40 trillion international-$ in 2021 prices | +4.4% |
| 2019 | 1.46 trillion international-$ in 2021 prices | +3.8% |
| 2020 | 1.39 trillion international-$ in 2021 prices | -4.8% |
| 2021 | 1.45 trillion international-$ in 2021 prices | +4.3% |
| 2022 | 1.49 trillion international-$ in 2021 prices | +3.3% |
| 2023 | 1.65 trillion international-$ in 2021 prices | +10.5% |
Thailand compared with similar countries
- Thailand's 1.65 trillion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 11.1× the median. (51 countries reporting)
- Thailand's 1.65 trillion international-$ in 2021 prices is above the median for East Asia & Pacific, which is 596.79 billion international-$ in 2021 prices, 2.8× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1970 | +35.0% | 76.20 billion international-$ in 2021 prices | 102.83 billion international-$ in 2021 prices |
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 9.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0162 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 130.33 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.84 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 31.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0327 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 263.07 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.13 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Thailand?
- Gross domestic product (gdp) in Thailand was 1.65 trillion international-$ 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.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.