Thailand GDP Growth Rate 1993-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Thailand expanded 0.90 percent in the second 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.


Thailand GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 -1.90 11.40 -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 Monday, October 20, 2014.

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.

Following months of anti-government protests that hurt investment, tourism and consumption, the military seized power on May 22nd 2014. The country avoided recession in the second quarter of 2014, as a slowdown in political tensions helped exports and public spending, while consumer confidence improved. However, in June of 2014, manufacturing production contracted for the fifteenth straight month and the number of tourist arrivals fell to its lowest in more than two years.

The Office of the National Economic and Social Development Board said the economy contracted 0.1 percent in the first half of 2014 due to the prolonged political disturbances in the first five months of 2014, the slow recovery of export sector, and the continued decline in car production and sales. It also said the GDP is likely to grow at a slower pace than previously projected (1.5%-2.0% from 1.5%-2.5% previously estimated). 

On a yearly basis, the GDP expanded at a faster-than-expected 0.4 percent in the second quarter of 2014, recovering from a revised 0.5 percent contraction in the first three months of 2014.

NESDB | Joana Taborda |
8/18/2014 12:16:02 PM

Recent Releases

Thai GDP Contracts 2.1% QoQ in Q1
Thailand's economy shrank a bigger-than-expected 2.1 percent in the first quarter of 2014, down from a revised 0.1 percent expansion in the previous three months. It is the first on-quarter contraction in a year, as exports remained weak and domestic consumption was hurt by months of political turmoil. Published on 2014-05-19

Thai Economy Expands 0.6% QoQ in Q4
In the fourth quarter of 2013, the Thai economy advanced 0.6 percent over the previous quarter, far below the 2.7 percent growth rate recorded in the previous three-month period, confirming the impact of the protests on the economy. Published on 2014-02-17

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-18 02:30 AM Thailand
GDP Growth Rate QoQ
Q3 2013 1.3% 0.0% (R) 1.7% 1.32%
2014-02-17 02:30 AM Thailand
GDP Growth Rate QoQ
Q4 2013 0.6% 1.3% 0.6% 0.21%
2014-05-19 03:30 AM Thailand
GDP Growth Rate QoQ
Q1 2014 -2.1% 0.1% (R) -1.35% -0.87%
2014-08-18 03:30 AM Thailand
GDP Growth Rate QoQ
Q2 2014 0.9% -1.9% (R) 0.9% 0.5%
2014-11-17 02:30 AM Thailand
GDP Growth Rate QoQ
Q3 2014 0.9% 1.43%

Thailand GDP Last Previous Highest Lowest Unit
GDP 387.25 365.97 387.25 2.76 USD Billion [+]
GDP Growth Rate 0.90 -1.90 11.40 -11.10 Percent [+]
GDP Annual Growth Rate 0.40 -0.50 19.10 -13.90 Percent [+]
GDP Constant Prices 1255781.00 1245092.00 1268853.00 590509.00 THB Million [+]
Gross National Product 4693.46 4718.93 4718.93 910.68 THB Billion [+]
GDP per capita 3437.84 3389.58 3437.84 358.92 USD [+]
Gross Fixed Capital Formation 262501.00 255897.00 346459.00 18375.42 THB Million [+]
GDP per capita PPP 13931.81 13736.22 13931.81 6368.78 USD [+]