Gross domestic product (GDP), annual growth rate in Thailand
Thailand: Gross domestic product (GDP), annual growth rate was 10.46 % change on previous year in 2023. ◆ Volatile
Latest (2023)
10.46 % change on previous year
Change on year
up 212.8%
World rank
11th
of 184 countries
All-time high
34.96 % change on previous year
in 1970
All-time low
-15.34 % change on previous year
in 1998
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Thailand, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Thailand recorded 10.46 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
That represents a change of up 212.8% on the previous year and up 795.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Thailand peaked at 34.96 % change on previous year in 1970 and was at its lowest, -15.34 % change on previous year, in 1998.
That places Thailand 11th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Thailand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | -3.28 % change on previous year | — |
| 1952 | -0.0319 % change on previous year | -99.0% |
| 1953 | -7.59 % change on previous year | +23671.9% |
| 1954 | 9.08 % change on previous year | -219.6% |
| 1955 | -7.52 % change on previous year | -182.9% |
| 1956 | 5.19 % change on previous year | -169.0% |
| 1957 | 13.28 % change on previous year | +156.0% |
| 1958 | 3.03 % change on previous year | -77.2% |
| 1959 | 10.67 % change on previous year | +252.3% |
| 1960 | 10.98 % change on previous year | +3.0% |
| 1961 | 6.32 % change on previous year | -42.5% |
| 1962 | 5.75 % change on previous year | -9.0% |
| 1963 | 6.91 % change on previous year | +20.1% |
| 1964 | 8.33 % change on previous year | +20.6% |
| 1965 | 11.54 % change on previous year | +38.5% |
| 1966 | 16.94 % change on previous year | +46.9% |
| 1967 | 2.55 % change on previous year | -85.0% |
| 1968 | 7.18 % change on previous year | +181.5% |
| 1969 | 10.47 % change on previous year | +45.9% |
| 1970 | 34.96 % change on previous year | +233.9% |
| 1971 | 5.14 % change on previous year | -85.3% |
| 1972 | 4.46 % change on previous year | -13.1% |
| 1973 | 8.87 % change on previous year | +98.6% |
| 1974 | 4.1 % change on previous year | -53.8% |
| 1975 | 5.16 % change on previous year | +25.9% |
| 1976 | 8.91 % change on previous year | +72.7% |
| 1977 | 10.88 % change on previous year | +22.1% |
| 1978 | 9.97 % change on previous year | -8.4% |
| 1979 | 5.91 % change on previous year | -40.7% |
| 1980 | 4.78 % change on previous year | -19.2% |
| 1981 | 5.85 % change on previous year | +22.5% |
| 1982 | 3.75 % change on previous year | -35.9% |
| 1983 | 5.42 % change on previous year | +44.7% |
| 1984 | 5.48 % change on previous year | +1.0% |
| 1985 | 3.41 % change on previous year | -37.7% |
| 1986 | 1.66 % change on previous year | -51.5% |
| 1987 | 8.81 % change on previous year | +431.7% |
| 1988 | 11.55 % change on previous year | +31.1% |
| 1989 | 9.49 % change on previous year | -17.8% |
| 1990 | 10.42 % change on previous year | +9.8% |
| 1991 | 6.32 % change on previous year | -39.3% |
| 1992 | 10.78 % change on previous year | +70.4% |
| 1993 | 8.45 % change on previous year | -21.6% |
| 1994 | 8.74 % change on previous year | +3.4% |
| 1995 | 13.19 % change on previous year | +50.9% |
| 1996 | 10.39 % change on previous year | -21.2% |
| 1997 | -8.09 % change on previous year | -177.8% |
| 1998 | -15.34 % change on previous year | +89.7% |
| 1999 | 3.38 % change on previous year | -122.1% |
| 2000 | 3.29 % change on previous year | -2.7% |
| 2001 | 3.75 % change on previous year | +13.7% |
| 2002 | 8.11 % change on previous year | +116.5% |
| 2003 | 7.43 % change on previous year | -8.4% |
| 2004 | 7.89 % change on previous year | +6.2% |
| 2005 | 10.38 % change on previous year | +31.6% |
| 2006 | 5.7 % change on previous year | -45.1% |
| 2007 | 7.06 % change on previous year | +23.7% |
| 2008 | 6.95 % change on previous year | -1.4% |
| 2009 | -1.25 % change on previous year | -118.0% |
| 2010 | 12.41 % change on previous year | -1091.5% |
| 2011 | 6.02 % change on previous year | -51.5% |
| 2012 | 11.64 % change on previous year | +93.5% |
| 2013 | 1.17 % change on previous year | -90.0% |
| 2014 | -2.02 % change on previous year | -273.0% |
| 2015 | 0.7868 % change on previous year | -138.9% |
| 2016 | 3.44 % change on previous year | +337.4% |
| 2017 | 5.73 % change on previous year | +66.6% |
| 2018 | 4.42 % change on previous year | -22.9% |
| 2019 | 3.76 % change on previous year | -15.0% |
| 2020 | -4.75 % change on previous year | -226.3% |
| 2021 | 4.32 % change on previous year | -190.9% |
| 2022 | 3.34 % change on previous year | -22.6% |
| 2023 | 10.46 % change on previous year | +212.8% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 1953 | -23671.9% | -0.0319 % change on previous year | -7.59 % change on previous year |
| 2010 | +1091.5% | -1.25 % change on previous year | 12.41 % change on previous year |
| 1987 | +431.7% | 1.66 % change on previous year | 8.81 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.53 % change on previous year | -7.59 % change on previous year | 13.28 % change on previous year | 9 |
| 1960s | 8.7 % change on previous year | 2.55 % change on previous year | 16.94 % change on previous year | 10 |
| 1970s | 9.84 % change on previous year | 4.1 % change on previous year | 34.96 % change on previous year | 10 |
| 1980s | 6.02 % change on previous year | 1.66 % change on previous year | 11.55 % change on previous year | 10 |
| 1990s | 4.82 % change on previous year | -15.34 % change on previous year | 13.19 % change on previous year | 10 |
| 2000s | 5.93 % change on previous year | -1.25 % change on previous year | 10.38 % change on previous year | 10 |
| 2010s | 4.74 % change on previous year | -2.02 % change on previous year | 12.41 % change on previous year | 10 |
| 2020s | 3.34 % change on previous year | -4.75 % change on previous year | 10.46 % change on previous year | 4 |
Countries ranked near Thailand
- 8 Mongolia 11.24 % change on previous year compare
- 9 Comoros 10.98 % change on previous year compare
- 10 Armenia 10.73 % change on previous year compare
- 12 Barbados 9.76 % change on previous year compare
- 13 Montserrat 8.13 % change on previous year compare
- 14 Rwanda 7.89 % change on previous year 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), annual growth rate in Thailand?
- Gross domestic product (gdp), annual growth rate in Thailand was 10.46 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Thailand?
- The highest recorded value was 34.96 % change on previous year in 1970.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Thailand?
- The lowest recorded value was -15.34 % change on previous year in 1998.
- How does Thailand rank for gross domestic product (gdp), annual growth rate?
- Thailand ranks 11th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Thailand?
- Over the last ten years it is up 795.5%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.