Services, value added (current LCU), annual growth rate in Thailand
Thailand: Services, value added (current LCU), annual growth rate was 3.11 % change on previous year in 2025. ◆ Volatile
Services, value added (current LCU), annual growth rate in Thailand, 1994–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, services, value added (current lcu), annual growth rate in Thailand stood at 3.11 % change on previous year.
Compared with earlier readings it is down 39.6% on the previous year and down 58.0% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Thailand peaked at 12.78 % change on previous year in 1995 and was at its lowest, -7.76 % change on previous year, in 2020.
Thailand ranks 182nd of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Thailand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1994 | 11.52 % change on previous year | — |
| 1995 | 12.78 % change on previous year | +10.9% |
| 1996 | 10.42 % change on previous year | -18.4% |
| 1997 | 2.52 % change on previous year | -75.8% |
| 1998 | -1.55 % change on previous year | -161.5% |
| 1999 | 3.97 % change on previous year | -356.3% |
| 2000 | 6.04 % change on previous year | +52.4% |
| 2001 | 5.94 % change on previous year | -1.6% |
| 2002 | 6.6 % change on previous year | +11.0% |
| 2003 | 5.93 % change on previous year | -10.2% |
| 2004 | 10.43 % change on previous year | +76.0% |
| 2005 | 8.44 % change on previous year | -19.1% |
| 2006 | 8.53 % change on previous year | +1.1% |
| 2007 | 7.56 % change on previous year | -11.4% |
| 2008 | 5.33 % change on previous year | -29.4% |
| 2009 | 1.78 % change on previous year | -66.6% |
| 2010 | 7.46 % change on previous year | +318.2% |
| 2011 | 6.45 % change on previous year | -13.5% |
| 2012 | 10.86 % change on previous year | +68.3% |
| 2013 | 5.8 % change on previous year | -46.7% |
| 2014 | 5.15 % change on previous year | -11.2% |
| 2015 | 7.4 % change on previous year | +43.7% |
| 2016 | 8.07 % change on previous year | +9.1% |
| 2017 | 7.37 % change on previous year | -8.7% |
| 2018 | 6.61 % change on previous year | -10.3% |
| 2019 | 5.36 % change on previous year | -18.9% |
| 2020 | -7.76 % change on previous year | -244.8% |
| 2021 | 0.2837 % change on previous year | -103.7% |
| 2022 | 7.2 % change on previous year | +2437.2% |
| 2023 | 7.91 % change on previous year | +9.8% |
| 2024 | 5.15 % change on previous year | -34.8% |
| 2025 | 3.11 % change on previous year | -39.6% |
Thailand compared with similar countries
- Thailand's 3.11 % change on previous year is below the median for upper middle income countries, which is 7.79 % change on previous year, 40% of the median. (58 countries reporting)
- Thailand's 3.11 % change on previous year is below the median for East Asia & Pacific, which is 6.99 % change on previous year, 44% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), 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 |
|---|---|---|---|
| 2022 | +2437.2% | 0.2837 % change on previous year | 7.2 % change on previous year |
| 1999 | +356.3% | -1.55 % change on previous year | 3.97 % change on previous year |
| 2010 | +318.2% | 1.78 % change on previous year | 7.46 % change on previous year |
| 2020 | -244.8% | 5.36 % change on previous year | -7.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.61 % change on previous year | -1.55 % change on previous year | 12.78 % change on previous year | 6 |
| 2000s | 6.66 % change on previous year | 1.78 % change on previous year | 10.43 % change on previous year | 10 |
| 2010s | 7.05 % change on previous year | 5.15 % change on previous year | 10.86 % change on previous year | 10 |
| 2020s | 2.65 % change on previous year | -7.76 % change on previous year | 7.91 % change on previous year | 6 |
Countries ranked near Thailand
- 179 Sri Lanka 3.4 % change on previous year compare
- 180 Qatar 3.32 % change on previous year compare
- 181 Denmark 3.18 % change on previous year compare
- 183 El Salvador 2.89 % change on previous year compare
- 184 Puerto Rico 2.83 % change on previous year compare
- 185 Italy 2.29 % 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 services, value added (current lcu), annual growth rate in Thailand?
- Services, value added (current lcu), annual growth rate in Thailand was 3.11 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Thailand?
- The highest recorded value was 12.78 % change on previous year in 1995.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Thailand?
- The lowest recorded value was -7.76 % change on previous year in 2020.
- How does Thailand rank for services, value added (current lcu), annual growth rate?
- Thailand ranks 182nd out of 204 countries with data for 2025.
- Is services, value added (current lcu), annual growth rate rising or falling in Thailand?
- Over the last ten years it is down 58.0%. 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 Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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 Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added 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 Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.