Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Net trade also contributed positively, with exports increasing at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). However, fixed investment continued to shrink but at a softer rate (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%). source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand expanded 0.60 percent in the second quarter of 2025 over the previous quarter. GDP Growth Rate in Thailand averaged 0.80 percent from 1993 until 2025, 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 September of 2025.

The Gross Domestic Product (GDP) in Thailand expanded 0.60 percent in the second quarter of 2025 over the previous quarter. GDP Growth Rate in Thailand is expected to be 0.20 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 1.00 percent in 2026 and 0.90 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-05-19 02:30 AM
GDP Growth Rate QoQ
Q1 0.7% 0.4% 0.6% 0.6%
2025-08-18 02:30 AM
GDP Growth Rate QoQ
Q2 0.6% 0.7% 0.3% 0.5%
2025-11-18 02:30 AM
GDP Growth Rate QoQ
Q3 0.6% 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 2.50 2.00 percent Dec 2024
GDP Growth Rate YoY 2.80 3.20 percent Jun 2025
GDP Constant Prices 2861933.00 2845342.00 THB Million Jun 2025
GDP from Agriculture 181000.00 180175.00 THB Million Jun 2025
GDP from Construction 76141.00 76253.00 THB Million Jun 2025
GDP from Manufacturing 714800.00 702776.00 THB Million Jun 2025
GDP from Mining 48728.00 46399.00 THB Million Jun 2025
GDP from Public Administration 135436.00 135697.00 THB Million Sep 2025
GDP from Transport 183257.00 183339.00 THB Million Jun 2025
GDP from Utilities 94200.00 94952.00 THB Million Jun 2025
GDP Growth Rate 0.60 0.70 percent Jun 2025
Gross Fixed Capital Formation 623396.00 693692.00 THB Million Jun 2025
Gross National Product 2855589.00 3075704.00 THB Billion Jun 2025

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
0.60 0.70 9.40 -9.20 1993 - 2025 percent Quarterly

News Stream
Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Net trade also contributed positively, with exports increasing at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). At the same time, fixed investment continued to shrink but at a softer rate (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
2025-08-18
Thailand Q1 GDP Growth Rate Above Forecasts
Thailand’s economy expanded by 0.7% quarter-on-quarter in Q1 of 2025, slightly above market forecasts of 0.6% and accelerating from a 0.4% rise in Q4 of 2024. This marked the fifth consecutive period of quarterly expansion, primarily driven by private consumption (0.7% v. 0.6% in Q4) and net trade. Exports rose (2.0% vs 3.0%), mainly to the US, signaling anticipated frontloading before the latest US tariffs took effect, while imports declined (-2.4% vs 2.3%) due to weakening domestic demand amid broader economic uncertainty. Meanwhile, both government spending (-1.4% vs -0.2%) and fixed investment (-2.2% vs -2.0%) declined at a faster pace. On the production side, non-agricultural output moderated (0.3% vs 0.4%) as a result of steeper declines in industrial activity (-0.6% vs -0.4%) and subdued growth in services (0.6% vs 1.4%). In contrast, agricultural output increased by 3.4%, up from 1.7% in Q4.
2025-05-19
Thailand Economy Expands 0.4% QoQ in Q4
Thailand’s economy grew by 0.4% qoq in Q4 of 2024, slowing sharply from a 1.2% rise in Q3 and missing market forecasts of 0.7%. It was the fourth straight period of quarterly expansion but the slowest pace in the sequence, as private consumption slowed for the third quarter in a row (0.5% vs 0.6% in Q3) amid persistent debt burden. At the same time, government spending shrank after growing in the prior two periods (-0.1% vs 3.5%), mainly dragged by a steep drop in social transfers in kind. Fixed investment also dropped by 1.7%, swinging from a 13.7% jump previously due to sluggish public and private investments. On the trade front, exports (3.1% vs 4.9%) rose less than imports (3.7%) vs 5.0%) despite continuing to add positively to the GDP. Production-wise, the non-agriculture eased sharply (0.4% vs 1.2%), owing to further falls in industrial activity (-0.4% vs -0.8%) and subdued services output (1.5% vs 1.6%). Meanwhile, the agriculture rose 1.5%, picking up from a 0.3% gain in Q3.
2025-02-17