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

The Thai economy grew by 0.6 percent quarter-on-quarter in the three months to September of 2016, compared to a downwardly revised 0.7 percent expansion in the previous three months. The figure came in below expectations of a 0.7 percent expansion to hit the weakest growth rate since the June quarter of 2015. Private consumption slowed and exports rebounded while government spending contracted. GDP Growth Rate in Thailand averaged 0.93 percent from 1993 until 2016, 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.

Thailand GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-16 02:30 AM Q1 0.9% 0.8% 0.6% 0.7%
2016-08-15 02:30 AM Q2 0.8% 1.0% 0.5% 0.3%
2016-11-21 02:30 AM Q3 0.6% 0.7% 0.7% 0.7%
2017-02-15 02:30 AM Q4
2017-05-16 02:30 AM Q1
2017-08-15 02:30 AM Q2




Thailand Economy Expands 0.6% QoQ in Q3


The Thai economy grew by 0.6 percent quarter-on-quarter in the three months to September of 2016, compared to a downwardly revised 0.7 percent expansion in the previous three months. The figure came in below expectations of a 0.7 percent expansion to hit the weakest growth rate since the June quarter of 2015. Private consumption slowed and exports rebounded while government spending contracted.

In the September quarter, private investment expanded 0.4 percent, accelerating from a 1.9 percent growth in the June quarter. In contrast, government spending shrank 5.3 percent, following a 4.4 percent contraction in the preceding quarter. Gross fixed capital formation decreased by 2.9  percent, after registering a 3.7 percent decline in the previous quarter. Exports of goods and services rose 1.2 percent, compared to a 2.1 percent contraction in the previous three months. In contrast, imports of goods and services went donw by 0.2 percent, following a 1.3 percent rise  in the preceding quarter.

On the production side, wholesale and retail trade, repair of motor rose (+1.3 percent from +1.1 percent) and financial intermediation (+0.6 percent from +1.62 percent). In contrast, agriculture fell (-0.1 percent from -1.0 percent), manufacturing (-0.1 percent from +1.2 percent), 

Year-on-year, the country's GDP expanded 3.2 percent from a year earlier in the September quarter of 2016, compared to a 3.5 percent expansion in the second quarter and market expectations of a 3.4 percent growth.

Chusnul | chusnul@tradingeconomics.com
11/21/2016 8:52:34 AM



Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.20 3.50 15.30 -12.50 percent [+]
GDP 395.28 404.32 419.89 2.76 USD Billion [+]
GDP Constant Prices 2451326.00 2437862.00 2451326.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 579457.00 596737.00 713853.00 258609.00 THB Million [+]
GDP per capita 5774.65 5635.64 5774.65 570.86 USD [+]
GDP per capita PPP 15345.36 14975.96 15345.36 6650.69 USD [+]
GDP From Agriculture 123296.00 123082.00 132115.00 66849.00 THB Million [+]
GDP From Construction 66489.00 69325.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 672196.00 672628.00 674395.00 269359.00 THB Million [+]
GDP From Mining 62445.00 59973.00 62445.00 20064.00 THB Million [+]
GDP From Public Administration 120190.00 123040.00 125530.00 41767.00 THB Million [+]
GDP From Transport 257013.00 252353.00 257013.00 64995.00 THB Million [+]
GDP From Utilities 83241.00 82399.00 83241.00 22202.00 THB Million [+]



Thailand GDP Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 9.60 -6.30 1993 - 2016 percent Quarterly



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