Value Added (Total Manufacturing) — Value US$ in Thailand
Thailand: Value Added (Total Manufacturing) — Value US$ was 128,271 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Thailand, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Thailand recorded 128,271 million USD for value added (total manufacturing) — value us$ in 2023.
The figure is down 4.3% on the previous year and up 10.6% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Thailand peaked at 139,376 million USD in 2019 and was at its lowest, 1,178 million USD, in 1970.
That places Thailand 25th out of 236 countries with data for 2023, putting it 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 US$ in Thailand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,178 million USD | — |
| 1971 | 1,350 million USD | +14.6% |
| 1972 | 1,569 million USD | +16.3% |
| 1973 | 2,156 million USD | +37.4% |
| 1974 | 2,736 million USD | +26.9% |
| 1975 | 2,897 million USD | +5.9% |
| 1976 | 3,485 million USD | +20.3% |
| 1977 | 4,162 million USD | +19.4% |
| 1978 | 5,007 million USD | +20.3% |
| 1979 | 6,005 million USD | +19.9% |
| 1980 | 7,212 million USD | +20.1% |
| 1981 | 8,176 million USD | +13.4% |
| 1982 | 8,085 million USD | -1.1% |
| 1983 | 9,184 million USD | +13.6% |
| 1984 | 9,923 million USD | +8.0% |
| 1985 | 8,837 million USD | -10.9% |
| 1986 | 10,663 million USD | +20.7% |
| 1987 | 12,702 million USD | +19.1% |
| 1988 | 16,513 million USD | +30.0% |
| 1989 | 18,107 million USD | +9.7% |
| 1990 | 23,958 million USD | +32.3% |
| 1991 | 27,736 million USD | +15.8% |
| 1992 | 30,195 million USD | +8.9% |
| 1993 | 33,736 million USD | +11.7% |
| 1994 | 37,993 million USD | +12.6% |
| 1995 | 44,365 million USD | +16.8% |
| 1996 | 46,978 million USD | +5.9% |
| 1997 | 39,750 million USD | -15.4% |
| 1998 | 30,860 million USD | -22.4% |
| 1999 | 35,689 million USD | +15.6% |
| 2000 | 35,864 million USD | +0.5% |
| 2001 | 33,475 million USD | -6.7% |
| 2002 | 38,296 million USD | +14.4% |
| 2003 | 45,045 million USD | +17.6% |
| 2004 | 50,864 million USD | +12.9% |
| 2005 | 56,067 million USD | +10.2% |
| 2006 | 66,900 million USD | +19.3% |
| 2007 | 80,427 million USD | +20.2% |
| 2008 | 89,031 million USD | +10.7% |
| 2009 | 82,998 million USD | -6.8% |
| 2010 | 105,505 million USD | +27.1% |
| 2011 | 107,522 million USD | +1.9% |
| 2012 | 111,208 million USD | +3.4% |
| 2013 | 115,965 million USD | +4.3% |
| 2014 | 112,318 million USD | -3.1% |
| 2015 | 109,851 million USD | -2.2% |
| 2016 | 112,205 million USD | +2.1% |
| 2017 | 123,284 million USD | +9.9% |
| 2018 | 135,368 million USD | +9.8% |
| 2019 | 139,376 million USD | +3.0% |
| 2020 | 127,895 million USD | -8.2% |
| 2021 | 137,538 million USD | +7.5% |
| 2022 | 134,080 million USD | -2.5% |
| 2023 | 128,271 million USD | -4.3% |
Thailand compared with similar countries
- Thailand's 128,271 million USD is above the median for upper middle income countries, which is 4,472 million USD, 28.7× the median. (54 countries reporting)
- Thailand's 128,271 million USD is above the median for East Asia & Pacific, which is 1,166 million USD, 110.0× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,055 million USD | 1,178 million USD | 6,005 million USD | 10 |
| 1980s | 10,940 million USD | 7,212 million USD | 18,107 million USD | 10 |
| 1990s | 35,126 million USD | 23,958 million USD | 46,978 million USD | 10 |
| 2000s | 57,897 million USD | 33,475 million USD | 89,031 million USD | 10 |
| 2010s | 117,260 million USD | 105,505 million USD | 139,376 million USD | 10 |
| 2020s | 131,946 million USD | 127,895 million USD | 137,538 million USD | 4 |
Countries ranked near Thailand
- 22 Switzerland 159,541 million USD compare
- 23 Saudi Arabia 157,876 million USD compare
- 24 Poland 135,621 million USD compare
- 26 Netherlands (Kingdom of the) 125,146 million USD compare
- 27 Australia and New Zealand 120,315 million USD compare
- 28 Argentina 105,423 million USD 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$), annual growth rate 19.13 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Thailand?
- Value added (total manufacturing) — value us$ in Thailand was 128,271 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Thailand?
- The highest recorded value was 139,376 million USD in 2019.
- What is the lowest value added (total manufacturing) — value us$ recorded in Thailand?
- The lowest recorded value was 1,178 million USD in 1970.
- How does Thailand rank for value added (total manufacturing) — value us$?
- Thailand ranks 25th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Thailand?
- Over the last ten years it is up 10.6%. 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 US$. 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).