Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand
Thailand: Value Added (Total Manufacturing) — Value Standard Local Currency was 3.92 million million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Thailand stood at 3.92 million million SLC.
The figure is down 3.2% on the previous year and up 5.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Thailand peaked at 4.10 million million SLC in 2018 and was at its lowest, 178,520 million SLC, in 1970.
Thailand ranks 24th of 194 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 178,520 million SLC | — |
| 1971 | 198,285 million SLC | +11.1% |
| 1972 | 224,547 million SLC | +13.2% |
| 1973 | 259,881 million SLC | +15.7% |
| 1974 | 275,938 million SLC | +6.2% |
| 1975 | 291,938 million SLC | +5.8% |
| 1976 | 336,652 million SLC | +15.3% |
| 1977 | 384,788 million SLC | +14.3% |
| 1978 | 418,365 million SLC | +8.7% |
| 1979 | 452,974 million SLC | +8.3% |
| 1980 | 466,034 million SLC | +2.9% |
| 1981 | 495,323 million SLC | +6.3% |
| 1982 | 508,443 million SLC | +2.6% |
| 1983 | 565,331 million SLC | +11.2% |
| 1984 | 600,355 million SLC | +6.2% |
| 1985 | 592,136 million SLC | -1.4% |
| 1986 | 650,410 million SLC | +9.8% |
| 1987 | 754,709 million SLC | +16.0% |
| 1988 | 890,046 million SLC | +17.9% |
| 1989 | 1.03 million million SLC | +16.1% |
| 1990 | 1.19 million million SLC | +15.6% |
| 1991 | 1.31 million million SLC | +9.2% |
| 1992 | 1.44 million million SLC | +10.3% |
| 1993 | 1.56 million million SLC | +8.3% |
| 1994 | 1.69 million million SLC | +8.3% |
| 1995 | 1.88 million million SLC | +11.2% |
| 1996 | 1.99 million million SLC | +5.9% |
| 1997 | 2.01 million million SLC | +0.9% |
| 1998 | 1.84 million million SLC | -8.3% |
| 1999 | 2.02 million million SLC | +9.9% |
| 2000 | 2.09 million million SLC | +3.3% |
| 2001 | 2.13 million million SLC | +2.0% |
| 2002 | 2.32 million million SLC | +8.9% |
| 2003 | 2.55 million million SLC | +10.2% |
| 2004 | 2.75 million million SLC | +7.5% |
| 2005 | 2.86 million million SLC | +4.2% |
| 2006 | 3.02 million million SLC | +5.7% |
| 2007 | 3.24 million million SLC | +7.3% |
| 2008 | 3.32 million million SLC | +2.4% |
| 2009 | 3.21 million million SLC | -3.3% |
| 2010 | 3.58 million million SLC | +11.4% |
| 2011 | 3.40 million million SLC | -4.9% |
| 2012 | 3.64 million million SLC | +6.9% |
| 2013 | 3.70 million million SLC | +1.9% |
| 2014 | 3.71 million million SLC | +0.0% |
| 2015 | 3.76 million million SLC | +1.5% |
| 2016 | 3.85 million million SLC | +2.3% |
| 2017 | 3.96 million million SLC | +2.9% |
| 2018 | 4.10 million million SLC | +3.5% |
| 2019 | 4.06 million million SLC | -0.8% |
| 2020 | 3.85 million million SLC | -5.3% |
| 2021 | 4.03 million million SLC | +4.7% |
| 2022 | 4.05 million million SLC | +0.7% |
| 2023 | 3.92 million million SLC | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 302,189 million SLC | 178,520 million SLC | 452,974 million SLC | 10 |
| 1980s | 655,631 million SLC | 466,034 million SLC | 1.03 million million SLC | 10 |
| 1990s | 1.69 million million SLC | 1.19 million million SLC | 2.02 million million SLC | 10 |
| 2000s | 2.75 million million SLC | 2.09 million million SLC | 3.32 million million SLC | 10 |
| 2010s | 3.77 million million SLC | 3.40 million million SLC | 4.10 million million SLC | 10 |
| 2020s | 3.96 million million SLC | 3.85 million million SLC | 4.05 million million SLC | 4 |
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)
- GDP (constant 2015 US$), annual growth rate 2.44 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8419 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,783 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.44 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 19.98 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 160,932 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 6.13 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2489 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Thailand?
- Value added (total manufacturing) — value standard local currency in Thailand was 3.92 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Thailand?
- The highest recorded value was 4.10 million million SLC in 2018.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Thailand?
- The lowest recorded value was 178,520 million SLC in 1970.
- How does Thailand rank for value added (total manufacturing) — value standard local currency?
- Thailand ranks 24th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Thailand?
- Over the last ten years it is up 5.9%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).