Gross fixed capital formation in Thailand
Thailand: Gross fixed capital formation was 22.7% in 2025. ▲ Rising
Gross fixed capital formation in Thailand, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, gross fixed capital formation in Thailand stood at 22.7%.
Compared with earlier readings it is up 2.7% on the previous year and down 7.6% over ten years.
Over the whole period, gross fixed capital formation in Thailand peaked at 41.7% in 1996 and was at its lowest, 12.9%, in 1960.
That places Thailand 87th out of 181 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Gross fixed capital formation in Thailand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 12.9% | — |
| 1961 | 13.0% | +0.7% |
| 1962 | 14.6% | +12.3% |
| 1963 | 16.4% | +12.2% |
| 1964 | 17.9% | +9.5% |
| 1965 | 17.5% | -2.4% |
| 1966 | 18.5% | +5.9% |
| 1967 | 21.3% | +14.6% |
| 1968 | 21.7% | +2.2% |
| 1969 | 22.1% | +1.7% |
| 1970 | 23.7% | +7.4% |
| 1971 | 23.3% | -1.7% |
| 1972 | 22.7% | -2.7% |
| 1973 | 22.5% | -1.0% |
| 1974 | 23.3% | +3.6% |
| 1975 | 22.9% | -1.8% |
| 1976 | 22.9% | +0.1% |
| 1977 | 25.9% | +13.2% |
| 1978 | 25.2% | -2.6% |
| 1979 | 25.6% | +1.2% |
| 1980 | 27.8% | +8.7% |
| 1981 | 28.0% | +0.8% |
| 1982 | 26.9% | -3.7% |
| 1983 | 28.5% | +5.6% |
| 1984 | 28.6% | +0.5% |
| 1985 | 27.2% | -5.0% |
| 1986 | 25.8% | -5.1% |
| 1987 | 27.6% | +7.2% |
| 1988 | 30.7% | +11.0% |
| 1989 | 34.6% | +12.8% |
| 1990 | 40.4% | +16.6% |
| 1991 | 41.6% | +3.1% |
| 1992 | 39.3% | -5.7% |
| 1993 | 39.1% | -0.5% |
| 1994 | 40.0% | +2.4% |
| 1995 | 41.3% | +3.3% |
| 1996 | 41.7% | +0.8% |
| 1997 | 34.6% | -16.9% |
| 1998 | 22.2% | -36.0% |
| 1999 | 20.4% | -7.9% |
| 2000 | 21.6% | +5.7% |
| 2001 | 22.5% | +4.2% |
| 2002 | 21.9% | -2.5% |
| 2003 | 23.0% | +5.1% |
| 2004 | 24.9% | +8.0% |
| 2005 | 27.7% | +11.5% |
| 2006 | 26.8% | -3.1% |
| 2007 | 25.5% | -5.2% |
| 2008 | 26.4% | +3.9% |
| 2009 | 23.1% | -12.6% |
| 2010 | 24.0% | +3.8% |
| 2011 | 25.8% | +7.7% |
| 2012 | 27.0% | +4.5% |
| 2013 | 25.4% | -6.0% |
| 2014 | 24.7% | -2.8% |
| 2015 | 24.5% | -0.5% |
| 2016 | 23.7% | -3.3% |
| 2017 | 23.1% | -2.6% |
| 2018 | 22.8% | -1.4% |
| 2019 | 22.6% | -0.9% |
| 2020 | 23.2% | +2.9% |
| 2021 | 23.5% | +1.3% |
| 2022 | 23.4% | -0.7% |
| 2023 | 22.9% | -2.1% |
| 2024 | 22.1% | -3.6% |
| 2025 | 22.7% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.6% | 12.9% | 22.1% | 10 |
| 1970s | 23.8% | 22.5% | 25.9% | 10 |
| 1980s | 28.6% | 25.8% | 34.6% | 10 |
| 1990s | 36.0% | 20.4% | 41.7% | 10 |
| 2000s | 24.3% | 21.6% | 27.7% | 10 |
| 2010s | 24.4% | 22.6% | 27.0% | 10 |
| 2020s | 23.0% | 22.1% | 23.5% | 6 |
Countries ranked near Thailand
- 84 Marshall Islands 22.9% compare
- 85 Serbia 22.8% compare
- 86 Philippines 22.7% compare
- 88 Mexico 22.4% compare
- 89 Montenegro 22.3% compare
- 90 Guinea-Bissau 22.3% 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 gross fixed capital formation in Thailand?
- Gross fixed capital formation in Thailand was 22.7% 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 41.7% in 1996.
- What is the lowest gross fixed capital formation recorded in Thailand?
- The lowest recorded value was 12.9% in 1960.
- How does Thailand rank for gross fixed capital formation?
- Thailand ranks 87th out of 181 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Thailand?
- Over the last ten years it is down 7.6%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.