Thailand GDP Growth Rate  1993-2016 | Data | Chart | Calendar | Forecast

The Thailand economy grew by 0.8 percent on a quarter-on-quarter seasonally adjusted basis in the second quarter of 2016, compared to an upwardly revised 1.0 percent growth in the previous quarter and above market consensus of a 0.5 percent expansion. A sharp increase in private consumption offset a decline in government spending, investment and exports. GDP Growth Rate in Thailand averaged 0.93 percent from 1993 until 2016, reaching an all time high of 9.60 percent in the first quarter of 2012 and a record low of -6.30 percent in the fourth quarter of 2011. GDP Growth Rate in Thailand is reported by the Nesdb, Thailand.

Thailand GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.00 9.60 -6.30 1993 - 2016 percent Quarterly
From 2000 to 2011, Thai economy grew at an average of 1.1 percent quarter-on-quarter, boosted by industrial and agricultural exports and to lesser extend by domestic consumption. Yet, as exports have been weakening throughout 2012 and 2013 due to several external economic shocks, domestic and public consumption has become the main source of expansion. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-15 02:30 AM Q4 0.8% 1.0% 0.9% 0.7%
2016-05-16 02:30 AM Q1 0.9% 0.8% 0.6% 0.7%
2016-08-15 02:30 AM Q2 0.8% 1.0% 0.5% 0.3%
2016-11-16 02:30 AM Q3 0.8% 0.7%

Thailand Economy Expands 0.8% QoQ in Q2


The Thai economy grew by 0.8 percent on a quarter-on-quarter seasonally adjusted basis in the second quarter of 2016, compared to an upwardly revised 1.0 percent growth in the previous quarter and above market consensus of a 0.5 percent expansion. A sharp increase in private consumption were unable to offset a decline in government spending, investment and exports.

In the June quarter, private investment expanded 1.9 percent, accelerating from a 0.9 percent growth in the March quarter. In contrast, government spending shrank 3.6 percent, following a 0.6 percent growth in the preceding quarter. Gross fixed capital formation decreased by 3.3  percent, after registering a 4.5 percent expansion in the previous quarter. Exports of goods and services fell 3.3 percent, compared to a 4.5 percent growth in the previous three months. In contrast, imports of goods and services went up by 0.8 percent, following a 2.8 percent decline in the preceding quarter.

On the production side, all sectors in the economy expanded: agriculture (+1.9 percent from -1.0 percent), manufacturing (+1.2 percent from -0.5 percent), wholesale and retail trade, repair of motor (+1.0 percent from +0.9 percent) and financial intermediation (+1.7 percent from -0.2 percent).

Year-on-year, the country's GDP expanded  3.5 percent from a year earlier, as compared to a 3.2 percent expansion in the previous quarter and beating market expectations of a 3.2 percent expansion. It iwas the strongest growth since the March quarter of 2013.

NESDB l Rida Husna | rida@tradingeconomics.com
8/15/2016 7:30:17 AM

Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.00 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.50 3.20 15.30 -12.50 percent [+]
GDP 395.28 404.32 419.89 2.76 USD Billion [+]
GDP Constant Prices 2438754.00 2419260.00 2438754.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 596026.00 623908.00 713853.00 18375.42 THB Million [+]
GDP per capita 5774.65 5635.64 5774.65 570.86 USD [+]
GDP per capita PPP 15345.36 14975.96 15345.36 6650.69 USD [+]
GDP From Agriculture 124333.00 121350.00 132481.00 66849.00 THB Million [+]
GDP From Construction 69586.00 73711.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 672357.00 663160.00 673912.00 269359.00 THB Million [+]
GDP From Mining 59998.00 62343.00 62363.00 20064.00 THB Million [+]
GDP From Public Administration 123595.00 124119.00 130625.00 41767.00 THB Million [+]
GDP From Transport 252015.00 249623.00 252015.00 64995.00 THB Million [+]
GDP From Utilities 82187.00 80516.00 82187.00 22202.00 THB Million [+]




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