Short-term debt in Thailand
Thailand: Short-term debt was 18.1% in 2024. ▼ Falling
Short-term debt in Thailand, 1975–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, short-term debt in Thailand stood at 18.1%.
That represents a change of down 6.9% on the previous year and down 7.8% over ten years.
Over the whole period, short-term debt in Thailand peaked at 63.3% in 1996 and was at its lowest, 9.6%, in 2008.
That places Thailand 43rd out of 119 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Short-term debt in Thailand, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1975 | 17.2% | — |
| 1976 | 17.7% | +3.0% |
| 1977 | 30.3% | +71.2% |
| 1978 | 40.8% | +34.8% |
| 1979 | 35.1% | -13.9% |
| 1980 | 26.9% | -23.5% |
| 1981 | 31.1% | +15.8% |
| 1982 | 32.3% | +3.9% |
| 1983 | 35.8% | +10.9% |
| 1984 | 34.1% | -4.8% |
| 1985 | 31.3% | -8.2% |
| 1986 | 23.4% | -25.2% |
| 1987 | 16.9% | -27.8% |
| 1988 | 22.1% | +30.7% |
| 1989 | 22.7% | +2.9% |
| 1990 | 26.6% | +17.0% |
| 1991 | 33.1% | +24.4% |
| 1992 | 34.3% | +3.7% |
| 1993 | 45.6% | +33.0% |
| 1994 | 49.7% | +8.9% |
| 1995 | 59.5% | +19.7% |
| 1996 | 63.3% | +6.4% |
| 1997 | 49.7% | -21.5% |
| 1998 | 42.8% | -13.8% |
| 1999 | 31.4% | -26.6% |
| 2000 | 17.3% | -45.0% |
| 2001 | 16.5% | -4.5% |
| 2002 | 14.0% | -15.0% |
| 2003 | 11.3% | -19.6% |
| 2004 | 9.8% | -13.2% |
| 2005 | 12.2% | +24.1% |
| 2006 | 11.4% | -6.0% |
| 2007 | 9.8% | -14.4% |
| 2008 | 9.6% | -2.0% |
| 2009 | 17.9% | +86.3% |
| 2010 | 21.8% | +21.7% |
| 2011 | 17.5% | -19.4% |
| 2012 | 20.6% | +17.5% |
| 2013 | 21.4% | +4.0% |
| 2014 | 19.6% | -8.5% |
| 2015 | 15.6% | -20.2% |
| 2016 | 16.2% | +3.7% |
| 2017 | 19.0% | +16.9% |
| 2018 | 16.0% | -15.6% |
| 2019 | 15.2% | -5.0% |
| 2020 | 24.1% | +58.5% |
| 2021 | 20.3% | -15.8% |
| 2022 | 20.1% | -0.7% |
| 2023 | 19.4% | -3.6% |
| 2024 | 18.1% | -6.9% |
Thailand compared with similar countries
- Thailand's 18.1% is above the median for upper middle income countries, which is 17.7%, 1.0× the median. (51 countries reporting)
- Thailand's 18.1% is above the median for East Asia & Pacific, which is 11.5%, 1.6× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.2% | 17.2% | 40.8% | 5 |
| 1980s | 27.7% | 16.9% | 35.8% | 10 |
| 1990s | 43.6% | 26.6% | 63.3% | 10 |
| 2000s | 13.0% | 9.6% | 17.9% | 10 |
| 2010s | 18.3% | 15.2% | 21.8% | 10 |
| 2020s | 20.4% | 18.1% | 24.1% | 5 |
Countries ranked near Thailand
- 40 Belarus 19.1% compare
- 41 Cote d'Ivoire 18.7% compare
- 42 Kyrgyzstan 18.6% compare
- 44 Uzbekistan 17.9% compare
- 45 Honduras 17.7% compare
- 46 Armenia 17.7% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 9.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0162 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 130.33 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.84 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 31.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0327 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 263.07 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.13 % change on previous year (2025)
Frequently asked questions
- What is short-term debt in Thailand?
- Short-term debt in Thailand was 18.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Thailand?
- The highest recorded value was 63.3% in 1996.
- What is the lowest short-term debt recorded in Thailand?
- The lowest recorded value was 9.6% in 2008.
- How does Thailand rank for short-term debt?
- Thailand ranks 43rd out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Thailand?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is falling.
- Where does this Thailand data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.