Thailand's economy grew by 2.5% in 2024, accelerating from an upwardly revised 2.0% expansion in the previous year, though slightly below the official target of 2.7%. The growth was primarily driven by private consumption (4.4%) and government spending (2.5%). Meanwhile, public investment grew by 4.8%, while private investment fell by 1.6%. Additionally, exports of goods expanded by 5.8%. GDP is projected to grow in the range of 2.3% to 3.3% this year. source: Nesdb, Thailand
Full Year GDP Growth in Thailand increased to 2.50 percent in 2024 from 1.90 percent in 2023. Full Year GDP Growth in Thailand averaged 3.15 percent from 1994 until 2024, reaching an all time high of 8.10 percent in 1995 and a record low of -7.60 percent in 1998. This page includes a chart with historical data for Thailand Full Year GDP Growth. Thailand Full Year GDP Growth - values, historical data and charts - was last updated on September of 2025.
Full Year GDP Growth in Thailand increased to 2.50 percent in 2024 from 1.90 percent in 2023. Full Year GDP Growth in Thailand is expected to reach 2.20 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Full Year GDP Growth is projected to trend around 2.50 percent in 2026 and 2.90 percent in 2027, according to our econometric models.