Thailand GDP Growth Rate  1993-2016 | Data | Chart | Calendar | Forecast

The Thai economy grew by 0.8 percent on a quarter-on-quarter seasonally adjusted basis in the final quarter of 2015, slowing from a 1.0 percent expansion in the previous quarter and slightly below market consensus. A rebound in investment and a faster increase in government spending were unable to offset a decline in private consumption and exports. GDP Growth Rate in Thailand averaged 0.94 percent from 1993 until 2015, reaching an all time high of 9.60 percent in the first quarter of 2012 and a record low of -6.30 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
0.80 1.00 9.60 -6.30 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. Thailand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-17 03:30 AM Q2 0.4% 0.3% 0.2% 0.41%
2015-11-16 02:30 AM Q3 1.0% 0.3% 0.65% 0.7%
2016-02-15 02:30 AM Q4 0.8% 1.0% 0.9% 0.7%
2016-05-16 02:30 AM Q1 0.8% 0.2%
2016-08-18 02:30 AM Q2 0.3%
2016-11-16 02:30 AM Q3 0.7%

Thai GDP Growth Slightly Below Expectations in Q4


The Thai economy grew by 0.8 percent on a quarter-on-quarter seasonally adjusted basis in the final quarter of 2015, slowing from a 1.0 percent expansion in the previous quarter and slightly below market consensus. A rebound in investment and a faster increase in government spending were unable to offset a decline in private consumption and exports.

In the fourth quarter, government spending expanded by 4 percent, following a 1.7 percent growth in the September quarter. Gross fixed capital formation also increased by 7.5 percent, after registering a 1.3 percent fall in the previous quarter. In contrast, private consumption contracted by 0.1 percent, as compared to a 0.6 percent expansion in the preceding quarter. Exports also fell by 0.3 percent, the same pace as in the preceding quarter. Imports rose 0.2 percent, following a 0.3 percent growth in the September quarter.

On the production side, the non-agriculture sector went up 1.7 percent (1.2 percent in the previous period): construction grew the most (13.8 percent from -2.3 percent), followed by real estate, renting and business activities (5.3 percent from 1.7 percent), education (4.1 percent from 0.4 percent), mining and quarrying (3.2 percent), financial intermediation (+2.9 percent from 0.7 percent), wholesale and retail trade, repair of motor (+2.4 percent from +1.5 percent) and manufacturing (+0.2 percent from +1.3 percent). The agriculture sector went up 1.1 percent, rebounding from a 3.4 percent decline in the third quarter of the year. 

Year-on-year, the GDP advanced 2.8 percent, slightly down from a 2.9 percent  expansion in the September quarter.

For 2016, the Thailand's economic planning agency (NESDB) revised down it GDP forecast to 2.8 percent to 3.8 percent from an earlier forecast of 3.0 percent to 4.0 percent.

For full year of 2015, Thailand GDP advanced 2.8 percent, accelerating from a three-year-low of 0.8 percent in 2014.


NESDB | Rida Husna | rida@tradingeconomics.com
2/15/2016 11:49:45 AM

Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.00 9.60 -6.30 percent [+]
GDP Annual Growth Rate 2.80 2.90 15.30 -12.50 percent [+]
GDP 404.82 420.17 420.17 2.76 USD Billion [+]
GDP Constant Prices 2395644.00 2382172.00 2395644.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 611684.00 570199.00 713853.00 18375.42 THB Million [+]
GDP per capita 3451.33 3437.84 3451.33 358.92 USD [+]
GDP per capita PPP 13986.50 13931.81 13986.50 6368.78 USD [+]
GDP From Agriculture 121834.00 121047.00 132481.00 66849.00 THB Million [+]
GDP From Construction 71272.00 62070.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 668900.00 665508.00 673912.00 269359.00 THB Million [+]
GDP From Mining 62363.00 58498.00 62363.00 20064.00 THB Million [+]
GDP From Public Administration 125313.00 130625.00 130625.00 41767.00 THB Million [+]
GDP From Transport 243065.00 243043.00 243065.00 64995.00 THB Million [+]
GDP From Utilities 79911.00 78756.00 79911.00 22202.00 THB Million [+]




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