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

The Gross Domestic Product (GDP) in Thailand expanded 0.3 percent in the first quarter of 2015 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.

      Forecast
Thailand GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.10 11.20 -11.10 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 Friday, May 22, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-17 02:30 AM Q3 1.1% 1.1% 1.8% 1.43%
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%
2015-08-18 03:30 AM Q2 -0.35%
2015-11-17 02:30 AM Q3 0.57%


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.

Year-on-year, the GDP advanced 3.0 percent, accelerating from a  downwardly revised 2.1 percent expansion in the December quarter and the fastest growth since the first quarter of 2013, missing market consensus.

The Thailand's government economic-planning agency (NESDB) cut its GDP growth forecast for 2015 to 3.0 percent to 4.0 percent from an earlier prediction of 3.5 to 4.5 percent. It also lowered the country's export growth forecast to 0.2 percent from 3.5 percent.


NESDB l Rida Husna l rida@tradingeconomics.com
5/18/2015 10:01:40 AM


Recent Releases

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


Thailand GDP Last Previous Highest Lowest Unit
GDP 387.25 365.97 387.25 2.76 USD Billion [+]
GDP Growth Rate 0.30 1.10 11.20 -11.10 percent [+]
GDP Annual Growth Rate 3.00 2.10 19.10 -13.90 percent [+]
GDP Constant Prices 1296266.00 1274304.00 1296266.00 590509.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
GDP per capita 3437.84 3389.58 3437.84 358.92 USD [+]
Gross Fixed Capital Formation 272332.00 272854.00 346459.00 18375.42 THB Million [+]
GDP per capita PPP 13931.81 13736.22 13931.81 6368.78 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]