Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Thailand
Thailand: Gross Fixed Capital Formation — Value US$, 2015 prices was 111,035 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Thailand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Thailand recorded 111,035 million USD for gross fixed capital formation — value us$, 2015 prices in 2024.
The figure is up 17.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Thailand peaked at 113,557 million USD in 1996 and was at its lowest, 12,458 million USD, in 1970.
Thailand ranks 32nd of 235 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Thailand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 12,458 million USD | — |
| 1971 | 12,509 million USD | +0.4% |
| 1972 | 12,630 million USD | +1.0% |
| 1973 | 13,892 million USD | +10.0% |
| 1974 | 13,868 million USD | -0.2% |
| 1975 | 13,751 million USD | -0.8% |
| 1976 | 15,548 million USD | +13.1% |
| 1977 | 19,278 million USD | +24.0% |
| 1978 | 21,422 million USD | +11.1% |
| 1979 | 22,267 million USD | +3.9% |
| 1980 | 23,073 million USD | +3.6% |
| 1981 | 24,574 million USD | +6.5% |
| 1982 | 24,456 million USD | -0.5% |
| 1983 | 28,018 million USD | +14.6% |
| 1984 | 29,664 million USD | +5.9% |
| 1985 | 28,551 million USD | -3.8% |
| 1986 | 28,355 million USD | -0.7% |
| 1987 | 33,580 million USD | +18.4% |
| 1988 | 40,950 million USD | +21.9% |
| 1989 | 50,146 million USD | +22.5% |
| 1990 | 65,036 million USD | +29.7% |
| 1991 | 72,028 million USD | +10.8% |
| 1992 | 77,553 million USD | +7.7% |
| 1993 | 85,074 million USD | +9.7% |
| 1994 | 94,879 million USD | +11.5% |
| 1995 | 106,141 million USD | +11.9% |
| 1996 | 113,557 million USD | +7.0% |
| 1997 | 88,813 million USD | -21.8% |
| 1998 | 49,712 million USD | -44.0% |
| 1999 | 47,480 million USD | -4.5% |
| 2000 | 48,948 million USD | +3.1% |
| 2001 | 49,846 million USD | +1.8% |
| 2002 | 52,933 million USD | +6.2% |
| 2003 | 59,623 million USD | +12.6% |
| 2004 | 69,082 million USD | +15.9% |
| 2005 | 78,946 million USD | +14.3% |
| 2006 | 81,009 million USD | +2.6% |
| 2007 | 82,431 million USD | +1.8% |
| 2008 | 84,356 million USD | +2.3% |
| 2009 | 75,186 million USD | -10.9% |
| 2010 | 83,907 million USD | +11.6% |
| 2011 | 87,993 million USD | +4.9% |
| 2012 | 97,432 million USD | +10.7% |
| 2013 | 96,446 million USD | -1.0% |
| 2014 | 94,314 million USD | -2.2% |
| 2015 | 98,432 million USD | +4.4% |
| 2016 | 101,266 million USD | +2.9% |
| 2017 | 103,133 million USD | +1.8% |
| 2018 | 107,192 million USD | +3.9% |
| 2019 | 109,315 million USD | +2.0% |
| 2020 | 104,130 million USD | -4.7% |
| 2021 | 107,310 million USD | +3.1% |
| 2022 | 109,756 million USD | +2.3% |
| 2023 | 111,059 million USD | +1.2% |
| 2024 | 111,035 million USD | -0.0% |
Thailand compared with similar countries
- Thailand's 111,035 million USD is above the median for upper middle income countries, which is 7,886 million USD, 14.1× the median. (54 countries reporting)
- Thailand's 111,035 million USD is above the median for East Asia & Pacific, which is 3,296 million USD, 33.7× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -44.0% | 88,813 million USD | 49,712 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15,762 million USD | 12,458 million USD | 22,267 million USD | 10 |
| 1980s | 31,137 million USD | 23,073 million USD | 50,146 million USD | 10 |
| 1990s | 80,027 million USD | 47,480 million USD | 113,557 million USD | 10 |
| 2000s | 68,236 million USD | 48,948 million USD | 84,356 million USD | 10 |
| 2010s | 97,943 million USD | 83,907 million USD | 109,315 million USD | 10 |
| 2020s | 108,658 million USD | 104,130 million USD | 111,059 million USD | 5 |
Countries ranked near Thailand
More economy & growth data for Thailand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.7 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ 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 — value us$, 2015 prices in Thailand?
- Gross fixed capital formation — value us$, 2015 prices in Thailand was 111,035 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Thailand?
- The highest recorded value was 113,557 million USD in 1996.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Thailand?
- The lowest recorded value was 12,458 million USD in 1970.
- How does Thailand rank for gross fixed capital formation — value us$, 2015 prices?
- Thailand ranks 32nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Thailand?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).