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

The Thai economy grew by 1.0 percent on a quarter-on-quarter seasonally adjusted basis in the September quarter of 2015, accelerating from a downwardly revised 0.3 percent expansion in the previous quarter and beating market consensus. It is the fastest growth since the fourth quarter of 2014, as a rebound in exports offset a decline in government expenditure and investment and a slowdown in private consumption. GDP Growth Rate in Thailand averaged 0.94 percent from 1993 until 2015, 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
1.00 0.40 9.60 -6.30 1993 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-18 03:30 AM Q1 0.3% 1.1%(R) -0.5% -0.4%
2015-08-17 03:30 AM Q2 0.4% 0.3% 0.2% 0.41%
2015-11-16 02:30 AM Q3 1.0% 0.3% 0.65% 0.7%
2016-02-15 02:30 AM Q4 1.0% 0.7%
2016-05-18 02:30 AM Q1 0.2%
2016-08-18 02:30 AM Q2 0.3%

Thai GDP Expands 1.0% QoQ in Q3


The Thai economy grew by 1.0 percent on a quarter-on-quarter seasonally adjusted basis in the September quarter of 2015, accelerating from a downwardly revised 0.3 percent expansion in the previous quarter and beating market consensus. It is the fastest growth since the fourth quarter of 2014, as increase in private consumption and a rebound in exports offset a decline in government expenditure and investment.

In the third quarter of 2015, private consumption grew by 0.9 percent, slowing from a 1.0 percent expansion in the preceding quarter. Government spending declined by 1.8 percent, following a 2.0 percent growth in the June quarter. Gross fixed capital formation also dropped by 0.8 percent, after registering a 3.9 percent fall in the previous quarter. Exports grew by 0.1 percent, as compared to a -1.0 percent contraction in the second quarter. Imports rose 0.8 percent, following a 1.9 percent drop in the previous quarter.

On the production side, agriculture declined by 2.3 percent, following a 1.3 percent contraction in the June quarter. Manufacturing expanded by 1.9 percent, as compared to a 1.4 percent decline in the preceding quarter. Wholesale and retail trade, repairing expanded by 1.3 percent, accelerating from a 0.4 percent growth and financial intermediation grew by 0.5 percent, after registering a 1.6 percent expansion in the June quarter.

Year-on-year, the GDP advanced 2.9 percent, slightly accelerating from a 2.8 percent  expansion in the June quarter.

For 2015, the Thailand's economic planning agency (NESDB) now projected the economy to grow by 2.9 percent, following an earlier forecasts of 2.7 percent to 3.2 percent. Exports for the year is expected to fall by 5.0 percent.

NESDB | Rida Husna | rida@tradingeconomics.com
11/16/2015 4:20:16 PM

Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.40 9.60 -6.30 percent [+]
GDP Annual Growth Rate 2.90 2.80 19.10 -13.90 percent [+]
GDP 404.82 420.17 420.17 2.76 USD Billion [+]
GDP Constant Prices 2382172.00 2358688.00 2382172.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 570199.00 574635.00 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 121047.00 123794.00 132481.00 66849.00 THB Million [+]
GDP From Construction 62070.00 66498.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 665508.00 653402.00 673912.00 269359.00 THB Million [+]
GDP From Mining 58498.00 57271.00 61361.00 20064.00 THB Million [+]
GDP From Public Administration 130625.00 130123.00 130625.00 41767.00 THB Million [+]
GDP From Transport 243043.00 242091.00 243043.00 64995.00 THB Million [+]
GDP From Utilities 78756.00 77919.00 78756.00 22202.00 THB Million [+]




Last
Nigeria 9.19 Sep/15
Mongolia 7.40 Mar/14
Vietnam 7.01 Dec/15
Venezuela 6.80 Dec/13
Bangladesh 6.12 Dec/14
Namibia 6.00 Jun/15
Sri Lanka 5.80 Jun/15
Singapore 5.70 Dec/15
Senegal 5.20 Sep/15
Rwanda 5.10 Sep/15
Angola 4.70 Dec/14
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Egypt 4.50 Jun/15
Morocco 4.50 Sep/15
Pakistan 4.14 Dec/14
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Saudi Arabia 3.80 Jun/15
Qatar 2.80 Sep/15
Cameroon 2.00 Jun/15
Philippines 2.00 Dec/15
India 1.90 Sep/15
Mozambique 1.80 Sep/15
Norway 1.80 Sep/15
Paraguay 1.70 Sep/15
China 1.60 Dec/15
Tanzania 1.50 Sep/10
Trinidad And Tobago 1.50 Sep/15
Ireland 1.40 Sep/15
Kenya 1.40 Sep/15
Romania 1.40 Sep/15
Croatia 1.30 Sep/15
Turkey 1.30 Sep/15
Kazakhstan 1.26 Dec/13
Colombia 1.20 Sep/15
Malta 1.12 Sep/15
Mauritius 1.10 Sep/15
Costa Rica 1.04 Sep/15
Uruguay 1.03 Sep/15
Thailand 1.00 Sep/15
Albania 0.94 Sep/15
Australia 0.90 Sep/15
Ghana 0.90 Jun/15
Hong Kong 0.90 Sep/15
Luxembourg 0.90 Sep/15
New Zealand 0.90 Sep/15
Poland 0.90 Sep/15
Slovakia 0.90 Sep/15
Spain 0.80 Dec/15
Sweden 0.80 Sep/15
Bulgaria 0.70 Sep/15
Czech Republic 0.70 Sep/15
Iceland 0.70 Sep/15
Malaysia 0.70 Sep/15
South Africa 0.70 Sep/15
United States 0.70 Dec/15
Canada 0.60 Sep/15
Hungary 0.60 Sep/15
Mexico 0.60 Dec/15
South Korea 0.60 Dec/15
Israel 0.51 Sep/15
Argentina 0.50 Jun/15
Lithuania 0.50 Dec/15
Peru 0.50 Sep/15
Ukraine 0.50 Sep/15
United Kingdom 0.50 Dec/15
Chile 0.40 Sep/15
Cyprus 0.40 Sep/15
European Union 0.40 Sep/15
Slovenia 0.40 Sep/15
Austria 0.30 Dec/15
Bahrain 0.30 Sep/15
Belgium 0.30 Dec/15
Euro Area 0.30 Sep/15
Germany 0.30 Sep/15
Japan 0.30 Sep/15
Uganda 0.28 Sep/15
Dominican Republic 0.20 Sep/15
France 0.20 Dec/15
Italy 0.20 Sep/15
Bosnia and Herzegovina 0.10 Sep/15
El Salvador 0.10 Sep/15
Netherlands 0.10 Sep/15
Tunisia 0.10 Sep/15
Portugal 0.00 Sep/15
Switzerland 0.00 Sep/15
Latvia -0.01 Dec/15
Ecuador -0.30 Jun/15
Taiwan -0.30 Sep/15
Denmark -0.40 Sep/15
Estonia -0.40 Sep/15
Serbia -0.40 Sep/15
Finland -0.50 Sep/15
Russia -0.57 Sep/15
Greece -0.90 Sep/15
Jamaica -1.20 Sep/15
Belize -1.40 Sep/15
Brazil -1.70 Sep/15
Indonesia -1.83 Dec/15
Moldova -2.50 Sep/15
Botswana -3.70 Sep/15
Bolivia -9.72 Jun/15