Gross value added at basic prices (GVA) … constant annual growth rate in Thailand
Thailand: Gross value added at basic prices (GVA) … constant annual growth rate was 2.44 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Thailand, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Thailand is 2.44 % change on previous year, measured in 2025.
Compared with earlier readings it is down 17.2% on the previous year and down 22.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Thailand peaked at 13.29 % change on previous year in 1988 and was at its lowest, -7.63 % change on previous year, in 1998.
That places Thailand 127th out of 195 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … constant annual growth rate in Thailand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 5.36 % change on previous year | — |
| 1962 | 7.55 % change on previous year | +40.9% |
| 1963 | 8 % change on previous year | +5.9% |
| 1964 | 6.83 % change on previous year | -14.6% |
| 1965 | 8.18 % change on previous year | +19.8% |
| 1966 | 11.12 % change on previous year | +35.9% |
| 1967 | 8.62 % change on previous year | -22.5% |
| 1968 | 8.12 % change on previous year | -5.7% |
| 1969 | 6.55 % change on previous year | -19.3% |
| 1970 | 11.41 % change on previous year | +74.2% |
| 1971 | 4.9 % change on previous year | -57.1% |
| 1972 | 4.28 % change on previous year | -12.6% |
| 1973 | 10.24 % change on previous year | +139.3% |
| 1974 | 4.47 % change on previous year | -56.4% |
| 1975 | 4.97 % change on previous year | +11.3% |
| 1976 | 9.33 % change on previous year | +87.6% |
| 1977 | 9.84 % change on previous year | +5.5% |
| 1978 | 10.3 % change on previous year | +4.6% |
| 1979 | 5.37 % change on previous year | -47.8% |
| 1980 | 5.17 % change on previous year | -3.7% |
| 1981 | 5.91 % change on previous year | +14.2% |
| 1982 | 5.35 % change on previous year | -9.4% |
| 1983 | 5.58 % change on previous year | +4.3% |
| 1984 | 5.75 % change on previous year | +3.0% |
| 1985 | 4.65 % change on previous year | -19.2% |
| 1986 | 5.53 % change on previous year | +19.1% |
| 1987 | 9.52 % change on previous year | +72.0% |
| 1988 | 13.29 % change on previous year | +39.6% |
| 1989 | 12.19 % change on previous year | -8.3% |
| 1990 | 11.17 % change on previous year | -8.4% |
| 1991 | 8.56 % change on previous year | -23.4% |
| 1992 | 8.08 % change on previous year | -5.6% |
| 1993 | 8.25 % change on previous year | +2.1% |
| 1994 | 8 % change on previous year | -3.1% |
| 1995 | 8.12 % change on previous year | +1.5% |
| 1996 | 5.65 % change on previous year | -30.4% |
| 1997 | -2.75 % change on previous year | -148.7% |
| 1998 | -7.63 % change on previous year | +177.2% |
| 1999 | 4.57 % change on previous year | -159.9% |
| 2000 | 4.46 % change on previous year | -2.6% |
| 2001 | 3.44 % change on previous year | -22.7% |
| 2002 | 6.15 % change on previous year | +78.5% |
| 2003 | 7.19 % change on previous year | +16.9% |
| 2004 | 6.29 % change on previous year | -12.5% |
| 2005 | 4.19 % change on previous year | -33.4% |
| 2006 | 4.97 % change on previous year | +18.6% |
| 2007 | 5.44 % change on previous year | +9.4% |
| 2008 | 1.73 % change on previous year | -68.2% |
| 2009 | -0.6906 % change on previous year | -140.0% |
| 2010 | 7.51 % change on previous year | -1187.9% |
| 2011 | 0.8401 % change on previous year | -88.8% |
| 2012 | 7.24 % change on previous year | +762.1% |
| 2013 | 2.69 % change on previous year | -62.9% |
| 2014 | 0.9845 % change on previous year | -63.4% |
| 2015 | 3.13 % change on previous year | +218.4% |
| 2016 | 3.44 % change on previous year | +9.6% |
| 2017 | 4.18 % change on previous year | +21.6% |
| 2018 | 4.22 % change on previous year | +1.1% |
| 2019 | 2.11 % change on previous year | -49.9% |
| 2020 | -6.09 % change on previous year | -388.2% |
| 2021 | 1.56 % change on previous year | -125.6% |
| 2022 | 2.64 % change on previous year | +69.3% |
| 2023 | 2.25 % change on previous year | -14.7% |
| 2024 | 2.95 % change on previous year | +31.1% |
| 2025 | 2.44 % change on previous year | -17.2% |
Thailand compared with similar countries
- Thailand's 2.44 % change on previous year is below the median for upper middle income countries, which is 3.16 % change on previous year, 77% of the median. (57 countries reporting)
- Thailand's 2.44 % change on previous year is below the median for East Asia & Pacific, which is 3.89 % change on previous year, 63% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … constant 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 |
|---|---|---|---|
| 2010 | +1187.9% | -0.6906 % change on previous year | 7.51 % change on previous year |
| 2012 | +762.1% | 0.8401 % change on previous year | 7.24 % change on previous year |
| 2020 | -388.2% | 2.11 % change on previous year | -6.09 % change on previous year |
| 2015 | +218.4% | 0.9845 % change on previous year | 3.13 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.82 % change on previous year | 5.36 % change on previous year | 11.12 % change on previous year | 9 |
| 1970s | 7.51 % change on previous year | 4.28 % change on previous year | 11.41 % change on previous year | 10 |
| 1980s | 7.29 % change on previous year | 4.65 % change on previous year | 13.29 % change on previous year | 10 |
| 1990s | 5.2 % change on previous year | -7.63 % change on previous year | 11.17 % change on previous year | 10 |
| 2000s | 4.32 % change on previous year | -0.6906 % change on previous year | 7.19 % change on previous year | 10 |
| 2010s | 3.64 % change on previous year | 0.8401 % change on previous year | 7.51 % change on previous year | 10 |
| 2020s | 0.9572 % change on previous year | -6.09 % change on previous year | 2.95 % change on previous year | 6 |
Countries ranked near Thailand
- 124 Bulgaria 2.56 % change on previous year compare
- 125 Moldova 2.54 % change on previous year compare
- 126 Gabon 2.47 % change on previous year compare
- 128 Chile 2.41 % change on previous year compare
- 129 Brazil 2.39 % change on previous year compare
- 130 Dominican Republic 2.16 % 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)
- 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 value added at basic prices (gva) (constant lcu), annual growth in Thailand?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Thailand was 2.44 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Thailand?
- The highest recorded value was 13.29 % change on previous year in 1988.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Thailand?
- The lowest recorded value was -7.63 % change on previous year in 1998.
- How does Thailand rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Thailand ranks 127th out of 195 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Thailand?
- Over the last ten years it is down 22.1%. 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 value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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 value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.