Short-term debt in Thailand
Thailand: Short-term debt was 29.3% in 2024. ◆ Volatile
Latest (2024)
29.3%
Change on year
down 4.5%
World rank
50th
of 111 countries
All-time high
140.7%
in 1997
All-time low
18.4%
in 2008
Years of data
55
1970–2024
Short-term debt in Thailand, 1970–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
In 2024, short-term debt in Thailand stood at 29.3%.
The figure is down 4.5% on the previous year and down 17.9% over ten years.
Over the whole period, short-term debt in Thailand peaked at 140.7% in 1997 and was at its lowest, 18.4%, in 2008.
Thailand ranks 50th of 111 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Thailand, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1970 | 30.2% | — |
| 1971 | 33.4% | +10.5% |
| 1972 | 30.3% | -9.2% |
| 1973 | 23.3% | -23.0% |
| 1974 | 20.0% | -14.1% |
| 1975 | 25.6% | +27.5% |
| 1976 | 30.3% | +18.5% |
| 1977 | 57.2% | +89.0% |
| 1978 | 81.9% | +43.1% |
| 1979 | 75.5% | -7.8% |
| 1980 | 76.1% | +0.8% |
| 1981 | 105.8% | +39.0% |
| 1982 | 113.7% | +7.5% |
| 1983 | 129.3% | +13.7% |
| 1984 | 132.1% | +2.2% |
| 1985 | 106.5% | -19.4% |
| 1986 | 75.2% | -29.4% |
| 1987 | 51.2% | -31.9% |
| 1988 | 67.5% | +31.9% |
| 1989 | 58.2% | -13.8% |
| 1990 | 58.4% | +0.4% |
| 1991 | 67.9% | +16.4% |
| 1992 | 69.5% | +2.4% |
| 1993 | 89.0% | +28.0% |
| 1994 | 96.4% | +8.3% |
| 1995 | 119.4% | +23.9% |
| 1996 | 123.5% | +3.4% |
| 1997 | 140.7% | +13.9% |
| 1998 | 100.4% | -28.6% |
| 1999 | 67.3% | -32.9% |
| 2000 | 45.6% | -32.3% |
| 2001 | 40.0% | -12.1% |
| 2002 | 30.6% | -23.4% |
| 2003 | 26.0% | -15.2% |
| 2004 | 23.0% | -11.3% |
| 2005 | 30.8% | +33.4% |
| 2006 | 26.6% | -13.6% |
| 2007 | 20.9% | -21.3% |
| 2008 | 18.4% | -11.9% |
| 2009 | 24.0% | +30.5% |
| 2010 | 29.4% | +22.5% |
| 2011 | 27.0% | -8.2% |
| 2012 | 32.1% | +18.6% |
| 2013 | 37.0% | +15.5% |
| 2014 | 35.7% | -3.6% |
| 2015 | 27.6% | -22.6% |
| 2016 | 26.8% | -3.0% |
| 2017 | 29.3% | +9.5% |
| 2018 | 26.2% | -10.5% |
| 2019 | 22.6% | -13.6% |
| 2020 | 25.1% | +10.8% |
| 2021 | 25.5% | +1.7% |
| 2022 | 31.6% | +23.7% |
| 2023 | 30.7% | -2.8% |
| 2024 | 29.3% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.8% | 20.0% | 81.9% | 10 |
| 1980s | 91.6% | 51.2% | 132.1% | 10 |
| 1990s | 93.2% | 58.4% | 140.7% | 10 |
| 2000s | 28.6% | 18.4% | 45.6% | 10 |
| 2010s | 29.4% | 22.6% | 37.0% | 10 |
| 2020s | 28.4% | 25.1% | 31.6% | 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)
- Manufacturing, value added (constant LCU), per capita 39,479 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 6.38 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3107 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,503 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -0.8861 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 10.22 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 82,318 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.8074 % change on previous year (2025)
Frequently asked questions
- What is short-term debt in Thailand?
- Short-term debt in Thailand was 29.3% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Thailand?
- The highest recorded value was 140.7% in 1997.
- What is the lowest short-term debt recorded in Thailand?
- The lowest recorded value was 18.4% in 2008.
- How does Thailand rank for short-term debt?
- Thailand ranks 50th out of 111 countries with data for 2024.
- Is short-term debt rising or falling in Thailand?
- Over the last ten years it is down 17.9%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.