Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand
Thailand: Value Added (Total Manufacturing) — Value Standard Local Currency was -5.04 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Thailand recorded -5.04 % change on previous year for value added (total manufacturing) — value standard local currency in 2023.
Compared with earlier readings it is down 173.2% on the previous year and down 263.7% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Thailand peaked at 36.19 % change on previous year in 1973 and was at its lowest, -7.51 % change on previous year, in 2020.
That places Thailand 208th out of 231 countries with data for 2023, putting it in the bottom 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 | % change on previous year | Change |
|---|---|---|
| 1971 | 14.6 % change on previous year | — |
| 1972 | 16.25 % change on previous year | +11.3% |
| 1973 | 36.19 % change on previous year | +122.7% |
| 1974 | 25.4 % change on previous year | -29.8% |
| 1975 | 5.91 % change on previous year | -76.7% |
| 1976 | 20.39 % change on previous year | +245.0% |
| 1977 | 19.43 % change on previous year | -4.7% |
| 1978 | 19.93 % change on previous year | +2.6% |
| 1979 | 20.43 % change on previous year | +2.5% |
| 1980 | 20.44 % change on previous year | +0.0% |
| 1981 | 20.8 % change on previous year | +1.8% |
| 1982 | 4.24 % change on previous year | -79.6% |
| 1983 | 13.6 % change on previous year | +220.9% |
| 1984 | 11.05 % change on previous year | -18.7% |
| 1985 | 2.31 % change on previous year | -79.1% |
| 1986 | 16.84 % change on previous year | +627.9% |
| 1987 | 16.51 % change on previous year | -2.0% |
| 1988 | 27.83 % change on previous year | +68.5% |
| 1989 | 11.42 % change on previous year | -59.0% |
| 1990 | 31.72 % change on previous year | +177.7% |
| 1991 | 15.46 % change on previous year | -51.3% |
| 1992 | 8.37 % change on previous year | -45.9% |
| 1993 | 11.37 % change on previous year | +35.9% |
| 1994 | 11.86 % change on previous year | +4.3% |
| 1995 | 15.68 % change on previous year | +32.2% |
| 1996 | 7.71 % change on previous year | -50.9% |
| 1997 | 4.72 % change on previous year | -38.8% |
| 1998 | 2.38 % change on previous year | -49.6% |
| 1999 | 5.73 % change on previous year | +141.1% |
| 2000 | 6.6 % change on previous year | +15.1% |
| 2001 | 3.39 % change on previous year | -48.6% |
| 2002 | 10.61 % change on previous year | +213.1% |
| 2003 | 13.58 % change on previous year | +28.0% |
| 2004 | 9.48 % change on previous year | -30.2% |
| 2005 | 10.22 % change on previous year | +7.8% |
| 2006 | 12.39 % change on previous year | +21.2% |
| 2007 | 9.54 % change on previous year | -22.9% |
| 2008 | 6.83 % change on previous year | -28.4% |
| 2009 | -4.06 % change on previous year | -159.3% |
| 2010 | 17.48 % change on previous year | -531.0% |
| 2011 | -1.93 % change on previous year | -111.0% |
| 2012 | 5.43 % change on previous year | -381.8% |
| 2013 | 3.08 % change on previous year | -43.3% |
| 2014 | 2.38 % change on previous year | -22.6% |
| 2015 | 3.13 % change on previous year | +31.2% |
| 2016 | 5.27 % change on previous year | +68.5% |
| 2017 | 5.65 % change on previous year | +7.2% |
| 2018 | 4.53 % change on previous year | -19.8% |
| 2019 | -1.06 % change on previous year | -123.5% |
| 2020 | -7.51 % change on previous year | +606.4% |
| 2021 | 9.89 % change on previous year | -231.7% |
| 2022 | 6.89 % change on previous year | -30.3% |
| 2023 | -5.04 % change on previous year | -173.2% |
Thailand compared with similar countries
- Thailand's -5.04 % change on previous year is below the median for upper middle income countries, which is 5.07 % change on previous year. (54 countries reporting)
- Thailand's -5.04 % change on previous year is below the median for East Asia & Pacific, which is 6.83 % change on previous year. (28 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +627.9% | 2.31 % change on previous year | 16.84 % change on previous year |
| 2020 | -606.4% | -1.06 % change on previous year | -7.51 % change on previous year |
| 2010 | +531.0% | -4.06 % change on previous year | 17.48 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.84 % change on previous year | 5.91 % change on previous year | 36.19 % change on previous year | 9 |
| 1980s | 14.5 % change on previous year | 2.31 % change on previous year | 27.83 % change on previous year | 10 |
| 1990s | 11.5 % change on previous year | 2.38 % change on previous year | 31.72 % change on previous year | 10 |
| 2000s | 7.86 % change on previous year | -4.06 % change on previous year | 13.58 % change on previous year | 10 |
| 2010s | 4.4 % change on previous year | -1.93 % change on previous year | 17.48 % change on previous year | 10 |
| 2020s | 1.06 % change on previous year | -7.51 % change on previous year | 9.89 % change on previous year | 4 |
Countries ranked near Thailand
- 205 Eritrea -4.6 % change on previous year compare
- 206 Monaco -4.6 % change on previous year compare
- 207 Congo -4.91 % change on previous year compare
- 209 Luxembourg -5.62 % change on previous year compare
- 210 Georgia -6.49 % change on previous year compare
- 211 Saint Kitts and Nevis -7.42 % change on previous year 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 value added (total manufacturing) — value standard local currency in Thailand?
- Value added (total manufacturing) — value standard local currency in Thailand was -5.04 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Thailand?
- The highest recorded value was 36.19 % change on previous year in 1973.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Thailand?
- The lowest recorded value was -7.51 % change on previous year in 2020.
- How does Thailand rank for value added (total manufacturing) — value standard local currency?
- Thailand ranks 208th out of 231 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 down 263.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.