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Thailand Real GDP

Thailand's real GDP rose to $471.11 billion in 2024, up from $459.5 billion in 2023, according to World Bank. This represents an increase of 2.5% ($11.61 billion) from the previous year and accounts for 0.49% of the world's total real GDP. Thailand has real GDP higher than the global median ($471.11 billion vs median $29.34 billion). Compared with the median in Asia, Thailand is higher ($471.11 billion vs regional median $91.45 billion) and ranks 8th out of 47 countries in Asia.

Thailand's GDP per capita rose to $6,573.44 in 2024, up from $6,408.41 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 471.11
2023 459.5
2022 450.41
2021 439.08
2020 432.37
2019 460.21
2018 450.68
2017 432.42
2016 415.08
2015 401.3
2014 389.1
2013 385.31
2012 375.22
2011 349.88
2010 346.97
2009 322.72
2008 324.96
2007 319.45
2006 302.98
2005 288.65
2004 277.04
2003 260.65
2002 243.17
2001 229.08
2000 221.45
1999 212.01
1998 202.74
1997 219.5
1996 225.71
1995 213.64
1994 197.59
1993 182.96
1992 169.01
1991 156.37
1990 144.04
1989 129.58
1988 115.5
1987 101.95
1986 93.09
1985 88.21
1984 84.29
1983 79.7
1982 75.49
1981 71.65
1980 67.66
1979 64.33
1978 61.05
1977 55.35
1976 50.39
1975 46.09
1974 43.91
1973 42.03
1972 38.13
1971 36.56
1970 34.86
1969 31.29
1968 29.37
1967 27.16
1966 25
1965 22.5
1964 20.8
1963 19.47
1962 18.03
1961 16.76
1960 15.91
Thailand Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Thailand, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $526.41B $515.91B 2024
GDP Annual Growth Rate 2.53% 2.02% 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