Thailand’s economy contracted 0.2% quarter-on-quarter in Q2 2026, reversing a marginally revised 0.6% expansion in the previous period and marking the first decline in three quarters. Still, the result was better than market expectations for a 0.6% decrease. Private consumption weakened (-0.5% vs 0.4%), reflecting softer household spending amid weaker purchasing power and elevated debts. Government expenditure fell for the first time in three quarters (-2.3% vs 0.8%), dragged by lower social transfers and employee compensation. Fixed investment was flat (vs 1.2%), as a further decline in construction offset slower growth in equipment investment. Net exports offered no contribution, as exports rose 2.3% (vs 7.0%), well below a 7.2% increase in imports (vs 9.2%). On the production side, non-agricultural activity shrank (-0.2% vs 0.4%), as industrial output stagnated and services declined, while agricultural growth slowed sharply (0.4% vs 2.5%). source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand contracted 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Thailand averaged 0.80 percent from 1993 until 2026, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.20 percent in the second quarter of 2020. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

The Gross Domestic Product (GDP) in Thailand contracted 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Thailand is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand GDP Growth Rate is projected to trend around 0.90 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-18 02:30 AM
GDP Growth Rate QoQ
Q1 0.7% 1.9% 0.1% 0.8%
2026-08-17 02:30 AM
GDP Growth Rate QoQ
Q2 -0.20% 0.60% -0.6% -0.4%
2026-11-17 02:30 AM
GDP Growth Rate QoQ
Q3 -0.2% 0.6%


Related Last Previous Unit Reference
Full Year GDP Growth 2.40 2.90 percent Dec 2025
GDP Growth Rate YoY 1.90 2.80 percent Jun 2026
GDP Constant Prices 2932896.00 2938332.00 THB Million Jun 2026
GDP from Agriculture 188468.00 187671.00 THB Million Jun 2026
GDP from Construction 77744.00 81548.00 THB Million Jun 2026
GDP from Manufacturing 713363.00 713869.00 THB Million Jun 2026
GDP from Mining 51781.00 51472.00 THB Million Jun 2026
GDP from Public Administration 134375.00 135269.00 THB Million Jun 2026
GDP from Transport 191615.00 191649.00 THB Million Jun 2026
GDP from Utilities 99556.00 97795.00 THB Million Jun 2026
GDP Growth Rate -0.20 0.60 percent Jun 2026
Gross Fixed Capital Formation 679317.00 758909.00 THB Million Jun 2026
Gross National Product 2932579.00 3181966.00 THB Billion Jun 2026


Thailand GDP Growth Rate
Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.60 9.40 -9.20 1993 - 2026 percent Quarterly

News Stream
Thailand Economy Shrinks 0.2% QoQ in Q2
Thailand’s economy contracted 0.2% quarter-on-quarter in Q2 2026, reversing a marginally revised 0.6% expansion in the previous period and marking the first decline in three quarters. Still, the result was better than market expectations for a 0.6% decrease. Private consumption weakened (-0.5% vs 0.4%), reflecting softer household spending amid weaker purchasing power and elevated debts. Government expenditure fell for the first time in three quarters (-2.3% vs 0.8%), dragged by lower social transfers and employee compensation. Fixed investment was flat (vs 1.2%), as a further decline in construction offset slower growth in equipment investment. Net exports offered no contribution to GDP, as exports rose 2.3% (vs 7.0%), well below a 7.2% increase in imports (vs 9.2%). On the production side, non-agricultural activity shrank (-0.2% vs 0.4%), as industrial output stagnated and services declined, while agricultural growth slowed sharply (0.4% vs 2.5%).
2026-08-17
Thailand Economy Expands 0.7% QoQ in Q1
Thailand’s economy grew 0.7% qoq in Q1 2026, slowing sharply from 1.9% in Q4 as the Middle East war weighed on overall economic activity. Still, the latest reading topped market expectations for a modest 0.1% gain, marking the second consecutive quarter of expansion. Private consumption lost momentum (0.4% vs 1.5% in Q4), reflecting weaker purchasing power and softer household spending. Government expenditure also eased (1.0% vs 4.9%), mainly due to slower social transfers and lower employee compensation. Meanwhile, fixed investment weakened further (1.9% vs 3.9%), pressured by a contraction in construction activity. On the trade front, exports (7.3% vs 2.4%) rose less than imports (8.7% vs 4.8%), contributing negatively to the GDP. Production-wise, non-agricultural activity slowed notably (0.5% vs 1.9%) amid softer industrial and services output, while agricultural production accelerated to 2.0% from 0.4%, extending growth for a second straight quarter.
2026-05-18
Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election. Private consumption picked up sharply (1.5% vs 0.6% in Q3) while government spending posted a strong rebound (5.0% vs -2.7%) amid a recovery in social transfers and compensation of employees. Net trade contributed positively, even as exports (1.6% vs 0.7%) grew less than imports (4.6% vs 0.9%). Meanwhile, fixed investment continued to grow despite slowing (4.0% vs 5.9%).
2026-02-16