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

The Thai economy grew by 0.9 percent on a quarter-on-quarter seasonally adjusted basis in the March quarter of 2016, compared to a 0.8 percent growth in the previous quarter and above market consensus of a 0.6 percent expansion, mainly supported by private consumption and net exports while government expenditure and investment slowed. GDP Growth Rate in Thailand averaged 0.94 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
0.90 0.80 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-16 02:30 AM Q3 1.0% 0.3% 0.65% 0.7%
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%
2016-08-18 02:30 AM Q2 0.9% 0.3%
2016-11-16 02:30 AM Q3 0.7%

Thai Economy Expands 0.9% QoQ in Q1


The Thai economy grew by 0.9 percent on a quarter-on-quarter seasonally adjusted basis in the March quarter of 2016, compared to a 0.8 percent growth in the previous quarter and above market consensus of a 0.6 percent expansion, mainly supported by private consumption and net exports while government expenditure and investment slowed.

In the first quarter, private investment expanded by 0.8 percent, accelerating from a 0.1 percent growth in the December quarter. Government spending rose 1.2 percent, following a 4.0 percent growth in the December quarter. Gross fixed capital formation increased by 2.0  percent, after registering a 7.2 percent expansion in the previous quarter. Exports of goods and services rose 4.9 percent, faster than a 0.6 percent growth in the previous three months. Imports of goods and services fell 3.2 percent after remaining unchanged in the preceding quarter.

On the production side, wholesale and retail trade, repair of motor grew by 1.1 percent (from +2.3 percent in the last quarter of 2015). In contrast, agriculture sector contracted by 1.3 percent (from +2.1 percent). Manufacturing sector also shrank by 0.8 percent (after a 0.2 percent growth). Menawhile, financial intermediated remained unchanged in the first quarter 2016, compared to a 2.2 percent growth in the previous three months.

Year-on-year, the country's GDP expanded by 3.2 percent from a year earlier, as compared to a 2.8 percent expansion in the previous quarter and beating market expectations of a 2.8 percent expansion. It is the strongest growth since the March quarter of 2013.

NESDB l Rida Husna | rida@tradingeconomics.com
5/16/2016 8:30:08 AM

Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.80 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.20 2.80 15.30 -12.50 percent [+]
GDP 404.82 420.17 420.17 2.76 USD Billion [+]
GDP Constant Prices 2419260.00 2395644.00 2419260.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 623908.00 611684.00 713853.00 18375.42 THB Million [+]
GDP per capita 3451.33 3437.84 3451.33 358.92 USD [+]
GDP per capita PPP 13986.50 13931.81 13986.50 6368.78 USD [+]
GDP From Agriculture 121350.00 121834.00 132481.00 66849.00 THB Million [+]
GDP From Construction 73711.00 71272.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 663160.00 668900.00 673912.00 269359.00 THB Million [+]
GDP From Mining 62343.00 62363.00 62363.00 20064.00 THB Million [+]
GDP From Public Administration 124119.00 125313.00 130625.00 41767.00 THB Million [+]
GDP From Transport 249623.00 243065.00 249623.00 64995.00 THB Million [+]
GDP From Utilities 80516.00 79911.00 80516.00 22202.00 THB Million [+]




Last
Vietnam 7.01 Dec/15
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Botswana 4.90 Dec/15
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Egypt 3.80 Dec/15
Saudi Arabia 3.60 Dec/15
Dominican Republic 3.58 Dec/15
Mongolia 3.10 Mar/16
Ireland 2.70 Dec/15
Rwanda 2.35 Dec/15
Uganda 2.10 Dec/15
Peru 1.90 Dec/15
Mozambique 1.80 Mar/16
India 1.70 Dec/15
Moldova 1.70 Mar/16
Romania 1.60 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Cameroon 1.50 Sep/15
Tanzania 1.50 Sep/10
Kenya 1.40 Sep/15
Bolivia 1.30 Dec/15
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Australia 1.10 Mar/16
China 1.10 Mar/16
Ghana 1.10 Mar/16
Malta 1.10 Dec/15
Philippines 1.10 Mar/16
United States 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Cyprus 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
Taiwan 0.78 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
Argentina 0.50 Jun/15
Austria 0.50 Mar/16
Denmark 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
South Korea 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Israel 0.30 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Ecuador 0.10 Dec/15
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Namibia -1.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16