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Thailand GDP Annual Growth Rate

Thailand's GDP annual growth rate rose to 2.53% in 2024, up from 2.02% in 2023, according to World Bank. This represents an increase of 0.51% from the previous year. Thailand has GDP annual growth rate lower than the global median (2.53% vs median 3.24%). Compared with the median in Asia, Thailand is lower (2.53% vs regional median 3.76%) and ranks 31st out of 47 countries in Asia.

Thailand's real GDP rose to $471.11 billion in 2024, up from $459.5 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.53%
2023 2.02%
2022 2.58%
2021 1.55%
2020 -6.05%
2019 2.11%
2018 4.22%
2017 4.18%
2016 3.44%
2015 3.13%
2014 0.98%
2013 2.69%
2012 7.24%
2011 0.84%
2010 7.51%
2009 -0.69%
2008 1.73%
2007 5.44%
2006 4.97%
2005 4.19%
2004 6.29%
2003 7.19%
2002 6.15%
2001 3.44%
2000 4.46%
1999 4.57%
1998 -7.63%
1997 -2.75%
1996 5.65%
1995 8.12%
1994 8%
1993 8.25%
1992 8.08%
1991 8.56%
1990 11.17%
1989 12.19%
1988 13.29%
1987 9.52%
1986 5.53%
1985 4.65%
1984 5.75%
1983 5.58%
1982 5.35%
1981 5.91%
1980 5.17%
1979 5.37%
1978 10.3%
1977 9.84%
1976 9.33%
1975 4.97%
1974 4.47%
1973 10.24%
1972 4.28%
1971 4.9%
1970 11.41%
1969 6.55%
1968 8.12%
1967 8.62%
1966 11.12%
1965 8.18%
1964 6.83%
1963 8%
1962 7.55%
1961 5.36%
Thailand GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Thailand's total economic output.
Indicator Last Value Prior Value Period
GDP $526.41B $515.91B 2024
GDP Growth Rate (QoQ) 0.6% 0.7% Jun'25
GDP Growth Rate (YoY) 2.8% 3.2% Jun'25
GDP per Capita $6,573.44 $6,408.41 2024
GDP per Capita PPP $21,737.18 $21,191.45 2024
R&D Expenditure (% GDP) 1.16% 1.21% 2022
Real GDP $471.11B $459.5B 2024