Total debt service in Thailand
Thailand: Total debt service was 4.7% in 2024. ◆ Volatile
Total debt service in Thailand, 1975–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Thailand recorded 4.7% for total debt service in 2024.
The figure is down 60.8% on the previous year and down 50.7% over ten years.
Over the whole period, total debt service in Thailand peaked at 31.9% in 1985 and was at its lowest, 3.9%, in 2011.
Thailand ranks 106th of 120 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Thailand, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1975 | 12.0% | — |
| 1976 | 10.5% | -12.6% |
| 1977 | 13.7% | +31.0% |
| 1978 | 21.1% | +53.9% |
| 1979 | 19.7% | -6.7% |
| 1980 | 18.9% | -4.1% |
| 1981 | 20.3% | +7.4% |
| 1982 | 20.6% | +1.7% |
| 1983 | 24.0% | +16.4% |
| 1984 | 25.7% | +7.2% |
| 1985 | 31.9% | +24.2% |
| 1986 | 30.1% | -5.6% |
| 1987 | 21.9% | -27.2% |
| 1988 | 20.2% | -7.9% |
| 1989 | 16.4% | -19.0% |
| 1990 | 16.9% | +3.4% |
| 1991 | 13.0% | -23.1% |
| 1992 | 13.8% | +5.8% |
| 1993 | 13.0% | -5.7% |
| 1994 | 13.4% | +3.4% |
| 1995 | 11.6% | -13.6% |
| 1996 | 12.6% | +9.0% |
| 1997 | 15.5% | +22.7% |
| 1998 | 18.4% | +18.7% |
| 1999 | 21.8% | +18.4% |
| 2000 | 16.3% | -25.3% |
| 2001 | 25.4% | +55.8% |
| 2002 | 23.2% | -8.4% |
| 2003 | 15.5% | -33.1% |
| 2004 | 11.0% | -29.3% |
| 2005 | 13.7% | +24.7% |
| 2006 | 9.4% | -31.4% |
| 2007 | 11.8% | +25.3% |
| 2008 | 8.1% | -31.2% |
| 2009 | 6.8% | -15.7% |
| 2010 | 4.7% | -31.1% |
| 2011 | 3.9% | -17.3% |
| 2012 | 5.5% | +40.2% |
| 2013 | 5.1% | -6.1% |
| 2014 | 9.5% | +84.9% |
| 2015 | 7.1% | -25.3% |
| 2016 | 5.3% | -25.8% |
| 2017 | 5.1% | -3.0% |
| 2018 | 6.0% | +17.4% |
| 2019 | 9.6% | +60.5% |
| 2020 | 8.3% | -13.7% |
| 2021 | 5.2% | -36.9% |
| 2022 | 7.9% | +51.4% |
| 2023 | 12.0% | +50.7% |
| 2024 | 4.7% | -60.8% |
Thailand compared with similar countries
- Thailand's 4.7% is below the median for upper middle income countries, which is 14.4%, 32% of the median. (51 countries reporting)
- Thailand's 4.7% is below the median for East Asia & Pacific, which is 9.3%, 50% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.4% | 10.5% | 21.1% | 5 |
| 1980s | 23.0% | 16.4% | 31.9% | 10 |
| 1990s | 15.0% | 11.6% | 21.8% | 10 |
| 2000s | 14.1% | 6.8% | 25.4% | 10 |
| 2010s | 6.2% | 3.9% | 9.6% | 10 |
| 2020s | 7.6% | 4.7% | 12.0% | 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)
- 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 total debt service in Thailand?
- Total debt service in Thailand was 4.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Thailand?
- The highest recorded value was 31.9% in 1985.
- What is the lowest total debt service recorded in Thailand?
- The lowest recorded value was 3.9% in 2011.
- How does Thailand rank for total debt service?
- Thailand ranks 106th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Thailand?
- Over the last ten years it is down 50.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.