Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market consensus of a 0.3% fall and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), weighed by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports shrank (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), rattled by weaker industrial activity, though services growth accelerated. source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand contracted 0.60 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Thailand averaged 0.79 percent from 1993 until 2025, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.20 percent in the second quarter of 2020. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Thailand contracted 0.60 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Thailand is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand GDP Growth Rate is projected to trend around 0.90 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-18 02:30 AM
GDP Growth Rate QoQ
Q2 0.6% 0.7% 0.3% 0.5%
2025-11-17 02:30 AM
GDP Growth Rate QoQ
Q3 -0.60% 0.5% -0.3% -0.6%
2026-02-16 02:30 AM
GDP Growth Rate QoQ
Q4 -0.6% 0.3% -0.3%


Related Last Previous Unit Reference
Full Year GDP Growth 2.50 2.00 percent Dec 2024
GDP Growth Rate YoY 1.20 2.80 percent Sep 2025
GDP Constant Prices 2844065.00 2860185.00 THB Million Sep 2025
GDP from Agriculture 174949.00 180573.00 THB Million Sep 2025
GDP from Construction 76923.00 76861.00 THB Million Sep 2025
GDP from Manufacturing 693892.00 712003.00 THB Million Sep 2025
GDP from Mining 49589.00 48910.00 THB Million Sep 2025
GDP from Public Administration 135436.00 135697.00 THB Million Sep 2025
GDP from Transport 185640.00 183255.00 THB Million Sep 2025
GDP from Utilities 98186.00 94780.00 THB Million Sep 2025
GDP Growth Rate -0.60 0.50 percent Sep 2025
Gross Fixed Capital Formation 708887.00 623396.00 THB Million Sep 2025
Gross National Product 2798450.00 2854609.00 THB Billion Sep 2025


Thailand GDP Growth Rate
Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.50 9.40 -9.20 1993 - 2025 percent Quarterly

News Stream
Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market consensus of a 0.3% fall and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), weighed by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports shrank (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), rattled by weaker industrial activity, though services growth accelerated.
2025-11-17
Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Net trade also contributed positively, with exports increasing at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). At the same time, fixed investment continued to shrink but at a softer rate (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
2025-08-18
Thailand Q1 GDP Growth Rate Above Forecasts
Thailand’s economy expanded by 0.7% quarter-on-quarter in Q1 of 2025, slightly above market forecasts of 0.6% and accelerating from a 0.4% rise in Q4 of 2024. This marked the fifth consecutive period of quarterly expansion, primarily driven by private consumption (0.7% v. 0.6% in Q4) and net trade. Exports rose (2.0% vs 3.0%), mainly to the US, signaling anticipated frontloading before the latest US tariffs took effect, while imports declined (-2.4% vs 2.3%) due to weakening domestic demand amid broader economic uncertainty. Meanwhile, both government spending (-1.4% vs -0.2%) and fixed investment (-2.2% vs -2.0%) declined at a faster pace. On the production side, non-agricultural output moderated (0.3% vs 0.4%) as a result of steeper declines in industrial activity (-0.6% vs -0.4%) and subdued growth in services (0.6% vs 1.4%). In contrast, agricultural output increased by 3.4%, up from 1.7% in Q4.
2025-05-19