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Thailand GDP Growth Rate (QoQ)

Thailand's Quarter-over-Quarter GDP growth rate was 0.6% in Q2 2025, down from 0.7% in Q1 2025. This slowdown resulted from weaker non-agricultural production, especially in tourism despite agricultural expansion. Exports grew due to pre-tariff buying but are expected to slow. Domestic consumption also moderated, though non-durable goods spending and vehicle purchases accelerated. Tourist arrivals face downward revisions for 2025. Thailand's record low GDP growth was -9.2% in Q2 2020 and record high was 9.4% in Q1 2012.

Quarterly Historical Data (1993-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 0.6%
Q1 2025 0.7%
Q4 2024 0.4%
Q3 2024 1.1%
Q2 2024 0.8%
Q1 2024 1%
Q4 2023 0%
Q3 2023 0.5%
Q2 2023 0.1%
Q1 2023 1.4%
Q4 2022 -0.5%
Q3 2022 0.9%
Q2 2022 0.8%
Q1 2022 0.3%
Q4 2021 2.4%
Q3 2021 -1.1%
Q2 2021 0.4%
Q1 2021 0.2%
Q4 2020 0.3%
Q3 2020 6.8%
Q2 2020 -9.2%
Q1 2020 -1.6%
Q4 2019 -1.6%
Q3 2019 0.1%
Q2 2019 1%
Q1 2019 1.5%
Q4 2018 0.1%
Q3 2018 -0.2%
Q2 2018 1.2%
Q1 2018 2.4%
Q4 2017 -0.1%
Q3 2017 1.1%
Q2 2017 1.5%
Q1 2017 1.3%
Q4 2016 0.7%
Q3 2016 0.9%
Q2 2016 0.9%
Q1 2016 0.8%
Q4 2015 0.6%
Q3 2015 1.5%
Q2 2015 0.4%
Q1 2015 0.5%
Q4 2014 1.1%
Q3 2014 0.9%
Q2 2014 0.6%
Q1 2014 -0.4%
Q4 2013 -0.1%
Q3 2013 0.7%
Q2 2013 -0.6%
Q1 2013 -0.1%
Q4 2012 2.6%
Q3 2012 0.8%
Q2 2012 1.9%
Q1 2012 9.4%
Q4 2011 -6.3%
Q3 2011 1.5%
Q2 2011 -1.4%
Q1 2011 2.3%
Q4 2010 0.4%
Q3 2010 0.5%
Q2 2010 -0.3%
Q1 2010 2.9%
Q4 2009 2.9%
Q3 2009 3.2%
Q2 2009 2.3%
Q1 2009 -3%
Q4 2008 -2.6%
Q3 2008 0.2%
Q2 2008 0.7%
Q1 2008 0%
Q4 2007 1.5%
Q3 2007 1.4%
Q2 2007 0.2%
Q1 2007 1.6%
Q4 2006 2.2%
Q3 2006 1.2%
Q2 2006 1.3%
Q1 2006 0.5%
Q4 2005 1.3%
Q3 2005 1.4%
Q2 2005 2.2%
Q1 2005 -1.2%
Q4 2004 2.3%
Q3 2004 1.1%
Q2 2004 1.5%
Q1 2004 1.3%
Q4 2003 1.6%
Q3 2003 1.8%
Q2 2003 1.6%
Q1 2003 2.5%
Q4 2002 0.9%
Q3 2002 1.1%
Q2 2002 2.9%
Q1 2002 1.7%
Q4 2001 1.2%
Q3 2001 0.3%
Q2 2001 1.2%
Q1 2001 1.4%
Q4 2000 0.8%
Q3 2000 0.1%
Q2 2000 -0.2%
Q1 2000 2%
Q4 1999 0.6%
Q3 1999 3.4%
Q2 1999 0.4%
Q1 1999 -0.2%
Q4 1998 4.1%
Q3 1998 1.3%
Q2 1998 -4.1%
Q1 1998 -3.6%
Q4 1997 -4%
Q3 1997 -1.2%
Q2 1997 2.9%
Q1 1997 -4.1%
Q4 1996 -0.6%
Q3 1996 0.2%
Q2 1996 5.1%
Q1 1996 0.2%
Q4 1995 1.7%
Q3 1995 -0.4%
Q2 1995 2.4%
Q1 1995 3%
Q4 1994 3.2%
Q3 1994 0.7%
Q2 1994 0.4%
Q1 1994 2.4%
Q4 1993 1%
Q3 1993 6.3%
Q2 1993 0.7%
Thailand GDP Growth Rate (QoQ) : Definition
Thailand's quarter-over-quarter GDP growth rate shows the percentage change in the nation's total economic output from one quarter to the next. It is calculated by comparing the current quarter's Gross Domestic Product, measured in Thai Baht, to the previous quarter's GDP. Growth is driven by changes in consumption, investment, government spending and net exports.
Indicator Last Value Prior Value Period
GDP $526.41B $515.91B 2024
GDP Annual Growth Rate 2.53% 2.02% 2024
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