Gross fixed capital formation (constant 2015 US$) in Thailand
Thailand: Gross fixed capital formation (constant 2015 US$) was 116.14 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
116.14 billion constant 2015 US$
Change on year
up 4.9%
World rank
24th
of 161 countries
All-time high
116.14 billion constant 2015 US$
in 2025
All-time low
2.88 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross fixed capital formation in Thailand, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross fixed capital formation in Thailand stood at 116.14 billion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.9% on the previous year and up 18.0% over ten years.
Over the whole period, gross fixed capital formation in Thailand peaked at 116.14 billion constant 2015 US$ in 2025 and was at its lowest, 2.88 billion constant 2015 US$, in 1960.
That places Thailand 24th out of 161 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$) in Thailand, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 2.88 billion constant 2015 US$ | — |
| 1961 | 3.07 billion constant 2015 US$ | +6.5% |
| 1962 | 3.63 billion constant 2015 US$ | +18.2% |
| 1963 | 4.31 billion constant 2015 US$ | +18.8% |
| 1964 | 5.30 billion constant 2015 US$ | +23.0% |
| 1965 | 5.77 billion constant 2015 US$ | +8.8% |
| 1966 | 7.04 billion constant 2015 US$ | +22.0% |
| 1967 | 8.69 billion constant 2015 US$ | +23.3% |
| 1968 | 9.43 billion constant 2015 US$ | +8.6% |
| 1969 | 10.58 billion constant 2015 US$ | +12.2% |
| 1970 | 12.41 billion constant 2015 US$ | +17.3% |
| 1971 | 12.47 billion constant 2015 US$ | +0.5% |
| 1972 | 12.57 billion constant 2015 US$ | +0.8% |
| 1973 | 13.84 billion constant 2015 US$ | +10.1% |
| 1974 | 13.81 billion constant 2015 US$ | -0.2% |
| 1975 | 13.71 billion constant 2015 US$ | -0.7% |
| 1976 | 15.50 billion constant 2015 US$ | +13.1% |
| 1977 | 19.21 billion constant 2015 US$ | +23.9% |
| 1978 | 21.33 billion constant 2015 US$ | +11.0% |
| 1979 | 22.18 billion constant 2015 US$ | +4.0% |
| 1980 | 22.99 billion constant 2015 US$ | +3.7% |
| 1981 | 24.49 billion constant 2015 US$ | +6.5% |
| 1982 | 24.37 billion constant 2015 US$ | -0.5% |
| 1983 | 27.92 billion constant 2015 US$ | +14.6% |
| 1984 | 29.56 billion constant 2015 US$ | +5.9% |
| 1985 | 28.45 billion constant 2015 US$ | -3.8% |
| 1986 | 28.25 billion constant 2015 US$ | -0.7% |
| 1987 | 33.46 billion constant 2015 US$ | +18.4% |
| 1988 | 40.80 billion constant 2015 US$ | +21.9% |
| 1989 | 49.99 billion constant 2015 US$ | +22.5% |
| 1990 | 64.79 billion constant 2015 US$ | +29.6% |
| 1991 | 73.01 billion constant 2015 US$ | +12.7% |
| 1992 | 77.85 billion constant 2015 US$ | +6.6% |
| 1993 | 85.07 billion constant 2015 US$ | +9.3% |
| 1994 | 94.88 billion constant 2015 US$ | +11.5% |
| 1995 | 106.14 billion constant 2015 US$ | +11.9% |
| 1996 | 113.56 billion constant 2015 US$ | +7.0% |
| 1997 | 88.81 billion constant 2015 US$ | -21.8% |
| 1998 | 49.71 billion constant 2015 US$ | -44.0% |
| 1999 | 47.48 billion constant 2015 US$ | -4.5% |
| 2000 | 48.95 billion constant 2015 US$ | +3.1% |
| 2001 | 49.85 billion constant 2015 US$ | +1.8% |
| 2002 | 52.93 billion constant 2015 US$ | +6.2% |
| 2003 | 59.62 billion constant 2015 US$ | +12.6% |
| 2004 | 69.08 billion constant 2015 US$ | +15.9% |
| 2005 | 78.95 billion constant 2015 US$ | +14.3% |
| 2006 | 81.01 billion constant 2015 US$ | +2.6% |
| 2007 | 82.43 billion constant 2015 US$ | +1.8% |
| 2008 | 84.36 billion constant 2015 US$ | +2.3% |
| 2009 | 75.19 billion constant 2015 US$ | -10.9% |
| 2010 | 83.91 billion constant 2015 US$ | +11.6% |
| 2011 | 87.99 billion constant 2015 US$ | +4.9% |
| 2012 | 97.43 billion constant 2015 US$ | +10.7% |
| 2013 | 96.45 billion constant 2015 US$ | -1.0% |
| 2014 | 94.31 billion constant 2015 US$ | -2.2% |
| 2015 | 98.43 billion constant 2015 US$ | +4.4% |
| 2016 | 101.27 billion constant 2015 US$ | +2.9% |
| 2017 | 103.13 billion constant 2015 US$ | +1.8% |
| 2018 | 107.19 billion constant 2015 US$ | +3.9% |
| 2019 | 109.31 billion constant 2015 US$ | +2.0% |
| 2020 | 104.13 billion constant 2015 US$ | -4.7% |
| 2021 | 107.36 billion constant 2015 US$ | +3.1% |
| 2022 | 109.79 billion constant 2015 US$ | +2.3% |
| 2023 | 111.09 billion constant 2015 US$ | +1.2% |
| 2024 | 110.70 billion constant 2015 US$ | -0.3% |
| 2025 | 116.14 billion constant 2015 US$ | +4.9% |
Thailand compared with similar countries
- Thailand's 116.14 billion constant 2015 US$ is above the median for upper middle income countries, which is 11.14 billion constant 2015 US$, 10.4× the median. (45 countries reporting)
- Thailand's 116.14 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 9.80 billion constant 2015 US$, 11.8× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.07 billion constant 2015 US$ | 2.88 billion constant 2015 US$ | 10.58 billion constant 2015 US$ | 10 |
| 1970s | 15.70 billion constant 2015 US$ | 12.41 billion constant 2015 US$ | 22.18 billion constant 2015 US$ | 10 |
| 1980s | 31.03 billion constant 2015 US$ | 22.99 billion constant 2015 US$ | 49.99 billion constant 2015 US$ | 10 |
| 1990s | 80.13 billion constant 2015 US$ | 47.48 billion constant 2015 US$ | 113.56 billion constant 2015 US$ | 10 |
| 2000s | 68.24 billion constant 2015 US$ | 48.95 billion constant 2015 US$ | 84.36 billion constant 2015 US$ | 10 |
| 2010s | 97.94 billion constant 2015 US$ | 83.91 billion constant 2015 US$ | 109.31 billion constant 2015 US$ | 10 |
| 2020s | 109.87 billion constant 2015 US$ | 104.13 billion constant 2015 US$ | 116.14 billion constant 2015 US$ | 6 |
Countries ranked near Thailand
- 21 Vietnam 141.05 billion constant 2015 US$ compare
- 22 Poland 130.74 billion constant 2015 US$ compare
- 23 Belgium 129.57 billion constant 2015 US$ compare
- 25 Ireland 115.27 billion constant 2015 US$ compare
- 26 Norway 113.93 billion constant 2015 US$ compare
- 27 Algeria 109.39 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate 5.7 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 79.86 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.6567 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0072 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 58.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.87 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0056 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Thailand?
- Gross fixed capital formation in Thailand was 116.14 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Thailand?
- The highest recorded value was 116.14 billion constant 2015 US$ in 2025.
- What is the lowest gross fixed capital formation recorded in Thailand?
- The lowest recorded value was 2.88 billion constant 2015 US$ in 1960.
- How does Thailand rank for gross fixed capital formation?
- Thailand ranks 24th out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Thailand?
- Over the last ten years it is up 18.0%. 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 Gross fixed capital formation (constant 2015 US$). 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
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.