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

The Gross Domestic Product (GDP) in Thailand expanded 0.40 percent in the second quarter of 2015 over the previous quarter. 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
0.40 0.30 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. Content for - Thailand GDP Growth Rate - was last refreshed on Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-16 02:30 AM Q4 1.7% 1.2%(R) 2.3% 1.85%
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%
2015-11-17 02:30 AM Q3 0.4% 0.95%


Thai Economy Expands 0.4% QoQ in Q2


The Thai economy grew by 0.4 percent on a quarter-on-quarter seasonally adjusted basis in the second quarter of 2015, accelerating from a 0.3 percent expansion in the previous quarter and beating market consensus. An increase in private consumption and a rebound in government spending offset a decline in investment and exports.

In the second quarter of 2015, private consumption grew by 1.0 percent, accelerating from a 0.7 percent expansion in the preceding quarter. Government spending expanded 3.0 percent, following a 0.5 percent contraction in the March quarter. Gross fixed capital formation dropped by 1.0 percent, after registering a 3.9 percent fall in the previous quarter. Exports dropped 1.0 percent, as compared to a 3.9 percent contraction in the first quarter. Imports fell 2.2 percent, following a 0.6 percent drop in the previous quarter.

On the production side, agriculture declined by 1.0 percent, following a 1.5 percent contraction in the March quarter. Manufacturing dropped 1.8 percent, as compared to a 0.5 percent decline in the preceding quarter. Wholesale and retail trade, repairing expanded by 0.3 percent, slowing from a 0.8 percent growth and financial intermediation grew 2.0 percent, after registering a 2.3 percent expansion in the March quarter.

Year-on-year, the GDP advanced 2.8 percent, slowing from a 3.0 percent  expansion in the March quarter. 
For 2015, the Thailand's economic planning agency (NESDB) projected GDP growth to be between 2.7 percent to 3.2 percent, from an earlier estimates of  3.0 percent to 4.0 percent. 

NESDB l Rida Husna l rida@tradingeconomics.com
8/17/2015 11:12:59 AM


Recent Releases

Thai Economy Expands 0.3% QoQ in Q1
The Thai economy grew by 0.3 percent on a quarter-on-quarter seasonally adjusted basis in the first quarter of 2015, significantly slowing from a revised 1.1 percent expansion in the previous quarter, but better than market expectations of a contraction.
Published on 2015-05-18

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.
Published on 2015-02-16

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


Thailand GDP Last Previous Highest Lowest Unit
GDP 373.80 387.25 387.25 2.76 USD Billion [+]
GDP Growth Rate 0.40 0.30 9.60 -6.30 percent [+]
GDP Annual Growth Rate 2.80 3.00 19.10 -13.90 percent [+]
GDP Constant Prices 2358627.00 2350069.00 2358627.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
GDP per capita 3451.33 3437.84 3451.33 358.92 USD [+]
Gross Fixed Capital Formation 573944.00 596241.00 713853.00 18375.42 THB Million [+]
GDP per capita PPP 13986.50 13931.81 13986.50 6368.78 USD [+]
GDP From Agriculture 124394.00 124713.00 132548.00 66849.00 THB Million [+]
GDP From Construction 67976.00 67253.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 650149.00 664402.00 674543.00 269359.00 THB Million [+]
GDP From Mining 56639.00 58326.00 61357.00 20064.00 THB Million [+]
GDP From Public Administration 130584.00 127002.00 130584.00 41767.00 THB Million [+]
GDP From Transport 240985.00 234608.00 240985.00 64995.00 THB Million [+]
GDP From Utilities 77740.00 74264.00 77740.00 22202.00 THB Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]