Thailand GDP Growth Rate  1993-2017 | Data | Chart | Calendar | Forecast

The Thailand economy grew by 0.4 percent in the fourth quarter 2016, the same pace as a downwardly revised figure in the previous three months but below market estimates of a 0.6 percent growth. The GDP growth rate remained at its weakest level since the March quarter 2014, mainly driven by a slowdown in exports while private consumption, government spending and investment rebounded. GDP Growth Rate in Thailand averaged 0.92 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.

Thailand GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-15 02:30 AM Q2 0.8% 1.0% 0.5% 0.3%
2016-11-21 02:30 AM Q3 0.6% 0.7% 0.7% 0.7%
2017-02-20 02:30 AM Q4 0.4% 0.4% 0.6% 0.7%
2017-05-15 02:30 AM Q1 0.4% 1%
2017-08-21 02:30 AM Q2 0.5%
2017-11-21 02:30 AM Q3 0.9%




Thailand Economy Grows 0.4% QoQ In Q4, Below Forecast


The Thailand economy grew by 0.4 percent in the fourth quarter 2016, the same pace as a downwardly revised figure in the previous three months but below market estimates of a 0.6 percent growth. The GDP growth rate remained at its weakest level since the March quarter 2014, mainly driven by a slowdown in exports while private consumption, government spending and investment rebounded.

In the December quarter, private consumption expanded 0.4 percent, rebounding from a 0.1 percent decline in the third quarter. Government spending also rose 10.2 percent, following a 5.8 percent contraction in the preceding quarter. Gross fixed capital formation went up 6.8 percent, after registering a 2.9 percent decline in the previous quarter. Exports of goods and services rose 0.1 percent, compared to a 0.4 percent rise in the previous three months. Imports of goods and services also increased by 3.6 percent, following a 1.2 percent rise  in the prior quarter.

On the production side, manufacturing grew by 5.9 percent (from 0.4 percent in Q3), followed by financial intermediation (2.6 percent from 0.8 percent); wholesale and retail trade, repair of motor rose (2.4 percent from 1.1 percent) and agriculture (1.4 percent from -1.8 percent).

Year-on-year, the country's GDP expanded expanded 3.0 percent from a year earlier in the December quarter of 2016, compared to a 3.2 percent growth in the third quarter and in line with market expectations. It was the slowest expansion since the December quarter 2015.

NESDB l Rida Husna | rida@tradingeconomics.com
2/20/2017 6:46:12 AM



Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.00 3.20 15.30 -12.50 percent [+]
GDP 395.17 404.32 419.89 2.76 USD Billion [+]
GDP Constant Prices 2461131.00 2451326.00 2461131.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 619914.00 579457.00 713853.00 258609.00 THB Million [+]
GDP per capita 5775.10 5635.60 5775.10 570.86 USD [+]
GDP per capita PPP 15346.65 14975.96 15346.65 6650.69 USD [+]
GDP From Agriculture 122622.00 123296.00 132115.00 66849.00 THB Million [+]
GDP From Construction 77237.00 66489.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 690286.00 672196.00 690286.00 269359.00 THB Million [+]
GDP From Mining 59105.00 62445.00 62445.00 20064.00 THB Million [+]
GDP From Public Administration 128707.00 120190.00 128707.00 41767.00 THB Million [+]
GDP From Transport 250685.00 257013.00 257013.00 64995.00 THB Million [+]
GDP From Utilities 80898.00 83241.00 83241.00 22202.00 THB Million [+]


Thailand GDP Growth Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 9.60 -6.30 1993 - 2016 percent Quarterly



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Singapore -1.90 Mar/17
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Trinidad And Tobago -3.30 Sep/16