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

The Gross Domestic Product (GDP) in Thailand expanded 0.30 percent in the first 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 11.20 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
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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 Sunday, August 2, 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%
2015-08-17 03:30 AM Q2 0.3% 1.25%
2015-11-17 02:30 AM Q3 1.17%


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

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

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


Thailand GDP Last Previous Highest Lowest Unit
GDP 373.80 387.25 387.25 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 2351830.00 2343902.00 2351830.00 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 597490.00 557483.00 713853.00 18375.42 THB Million [+]
GDP per capita PPP 13986.50 13931.81 13986.50 6368.78 USD [+]
GDP From Agriculture 124713.00 127053.00 132548.00 66849.00 THB Million [+]
GDP From Construction 67253.00 56148.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 664402.00 666947.00 674543.00 269359.00 THB Million [+]
GDP From Mining 58326.00 59858.00 61357.00 20064.00 THB Million [+]
GDP From Public Administration 127002.00 129319.00 129796.00 41767.00 THB Million [+]
GDP From Transport 234608.00 232405.00 234608.00 64995.00 THB Million [+]
GDP From Utilities 74264.00 76157.00 76571.00 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 -0.20 Mar/15 0.30 4.50 -4.20 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 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 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 Mar/15 0.50 1.90 -2.20 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 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]