Total debt service in Thailand
Thailand: Total debt service was 3.5% in 2024. ◆ Volatile
Total debt service in Thailand, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in Thailand is 3.5%, measured in 2024.
The figure is down 58.1% on the previous year and down 50.0% over ten years.
Over the whole period, total debt service in Thailand peaked at 17.4% in 2001 and was at its lowest, 1.9%, in 1974.
Thailand ranks 66th of 121 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.
Total debt service in Thailand, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.3% | — |
| 1971 | 2.7% | +16.0% |
| 1972 | 2.2% | -16.4% |
| 1973 | 2.5% | +10.5% |
| 1974 | 1.9% | -25.0% |
| 1975 | 2.4% | +29.5% |
| 1976 | 2.2% | -7.0% |
| 1977 | 2.9% | +29.8% |
| 1978 | 4.5% | +56.5% |
| 1979 | 4.8% | +6.7% |
| 1980 | 5.0% | +4.1% |
| 1981 | 5.5% | +8.5% |
| 1982 | 5.4% | -1.5% |
| 1983 | 5.6% | +3.4% |
| 1984 | 6.5% | +16.4% |
| 1985 | 8.5% | +31.6% |
| 1986 | 8.7% | +1.5% |
| 1987 | 7.0% | -19.5% |
| 1988 | 7.2% | +3.9% |
| 1989 | 6.2% | -14.7% |
| 1990 | 6.3% | +2.1% |
| 1991 | 5.1% | -19.4% |
| 1992 | 5.4% | +6.4% |
| 1993 | 5.1% | -5.9% |
| 1994 | 5.5% | +7.6% |
| 1995 | 5.2% | -5.3% |
| 1996 | 5.3% | +3.2% |
| 1997 | 8.1% | +51.8% |
| 1998 | 11.7% | +43.9% |
| 1999 | 13.2% | +13.3% |
| 2000 | 11.3% | -14.5% |
| 2001 | 17.4% | +53.6% |
| 2002 | 15.2% | -12.4% |
| 2003 | 10.3% | -32.2% |
| 2004 | 7.8% | -24.5% |
| 2005 | 10.0% | +28.1% |
| 2006 | 6.9% | -31.2% |
| 2007 | 8.7% | +26.3% |
| 2008 | 6.2% | -29.0% |
| 2009 | 4.7% | -24.0% |
| 2010 | 3.4% | -28.3% |
| 2011 | 2.9% | -13.5% |
| 2012 | 4.1% | +40.1% |
| 2013 | 3.8% | -7.3% |
| 2014 | 7.0% | +86.5% |
| 2015 | 5.1% | -26.7% |
| 2016 | 3.8% | -26.4% |
| 2017 | 3.7% | -3.3% |
| 2018 | 4.2% | +14.3% |
| 2019 | 6.1% | +46.4% |
| 2020 | 4.6% | -25.4% |
| 2021 | 3.3% | -27.2% |
| 2022 | 5.6% | +68.4% |
| 2023 | 8.4% | +49.5% |
| 2024 | 3.5% | -58.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | 1.9% | 4.8% | 10 |
| 1980s | 6.5% | 5.0% | 8.7% | 10 |
| 1990s | 7.1% | 5.1% | 13.2% | 10 |
| 2000s | 9.8% | 4.7% | 17.4% | 10 |
| 2010s | 4.4% | 2.9% | 7.0% | 10 |
| 2020s | 5.1% | 3.3% | 8.4% | 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 (current US$), per unit of GDP 0.2374 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,913 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 7.81 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 62,902 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.2016 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,624 constant 2015 US$ per person (2025)
- 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)
Frequently asked questions
- What is total debt service in Thailand?
- Total debt service in Thailand was 3.5% 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 17.4% in 2001.
- What is the lowest total debt service recorded in Thailand?
- The lowest recorded value was 1.9% in 1974.
- How does Thailand rank for total debt service?
- Thailand ranks 66th out of 121 countries with data for 2024.
- Is total debt service rising or falling in Thailand?
- Over the last ten years it is down 50.0%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.