Thailand GDP Growth Rate 1993-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Thailand expanded 1.7 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Thailand averaged 0.93 Percent from 1993 until 2014, reaching an all time high of 11.40 Percent in the first quarter of 2012 and a record low of -11.10 Percent in the fourth quarter of 2011. GDP Growth Rate in Thailand is reported by the Nesdb, Thailand.

      Forecast    
Thailand GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.20 11.20 -11.10 1993 - 2014 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. Content for - Thailand GDP Growth Rate - was last refreshed on Tuesday, March 31, 2015.


Thai GDP Grows 1.7% QoQ in Q4


The Thai economy advanced 1.7 percent on a quarter-on-quarter seasonally adjusted basis in the last three months of 2014, faster than a revised 1.2 percent expansion in the previous quarter, but below market expectations.

Year-on-year, the GDP advanced 2.3 percent, accelerating from 0.6 percent expansion in the third quarter driven by a rebound in government spending and exports.

For full year of 2014, the economy grew 0.7 percent, slowing from a 2.3 percent expansion in 2013

Months of political turmoil has brought  Thailand's economy into a contraction during the first half of 2014 before it started to pick up in the following quarters.

NESDB l Rida Husna l rida@tradingeconomics.com
2/16/2015 3:21:40 PM


Recent Releases

Thai GDP Growth Disappoints in Q3
The Thai economy advanced 1.1 percent on a quarter-on-quarter seasonally adjusted basis in the three months to September, the same rate as in the previous quarter, but below market expectations. Published on 2014-11-17

Thai GDP Expands 0.9% QoQ in Q2
Thailand’s economy advanced a seasonally adjusted 0.9 percent on quarter in the April to June period, following a revised 1.9 percent contraction in the previous three months, as political stability returned to the country. Published on 2014-08-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-18 03:30 AM
GDP Growth Rate QoQ  Q2
0.9% -1.9% (R) 0.9% 0.5%
2014-11-17 02:30 AM
GDP Growth Rate QoQ  Q3
1.1% 1.1% 1.8% 1.43%
2015-02-16 02:30 AM
GDP Growth Rate QoQ  Q4
1.7% 1.2%(R) 2.3% 1.85%
2015-05-19 03:30 AM
GDP Growth Rate QoQ  Q1
1.7% 1.47%
2015-08-18 03:30 AM
GDP Growth Rate QoQ  Q2
-0.35%
2015-11-17 02:30 AM
GDP Growth Rate QoQ  Q3
0.57%


Thailand GDP Last Previous Highest Lowest Unit
GDP 387.25 365.97 387.25 2.76 USD Billion [+]
GDP Growth Rate 1.70 1.20 11.20 -11.10 percent [+]
GDP Annual Growth Rate 2.30 0.60 19.10 -13.90 percent [+]
GDP Constant Prices 1296266.00 1274304.00 1296266.00 590509.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
GDP per capita 3437.84 3389.58 3437.84 358.92 USD [+]
Gross Fixed Capital Formation 272332.00 272854.00 346459.00 18375.42 THB Million [+]
GDP per capita PPP 13931.81 13736.22 13931.81 6368.78 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]