Thailand GDP Annual Growth Rate  1994-2016 | Data | Chart | Calendar

Thailand’s GDP expanded by 2.8 percent from a year earlier in the fourth quarter of 2015, as compared to a 2.9 percent expansion in the previous quarter and slightly above market expectations. A rebound in investment and a faster increase in private consumption and government spending were unable to offset a decline in exports. For full year of 2015, Thailand GDP advanced 2.8 percent, accelerating from a three-year-low of 0.8 percent in 2014. GDP Annual Growth Rate in Thailand averaged 3.70 percent from 1994 until 2015, reaching an all time high of 15.30 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. GDP Annual Growth Rate in Thailand is reported by the Nesdb, Thailand.

Thailand GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 15.30 -12.50 1994 - 2015 percent Quarterly
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, defence and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-17 03:30 AM Q2 2.8% 3.0% 2.8% 2.54%
2015-11-16 02:30 AM Q3 2.9% 2.8% 2.6% 2.54%
2016-02-15 02:30 AM Q4 2.8% 2.9% 2.7% 2.7%
2016-05-18 02:30 AM Q1 2.8% 3.2%
2016-08-18 02:30 AM Q2 2.9%
2016-11-16 02:30 AM Q3 3.0%

Thai Economy Expands 2.8% YoY in Q4, Slightly Above Forecasts


Thailand’s GDP expanded by 2.8 percent from a year earlier in the fourth quarter of 2015, as compared to a 2.9 percent expansion in the previous quarter and slightly above market expectations. A rebound in investment and a faster increase in private consumption and government spending were unable to offset a decline in exports.

On the expenditure side, private consumption grew by 2.5 percent in the fourth quarter 2015, accelerating from a 1.8 percent increase in the preceding quarter. The expansion was mainly supported by the improvement of spending on durable and semi-durable goods together with the increase in service expense. Besides, the consumption of non-durable goods consumption continued to expand. Government expenditure expanded by 4.8 percent, up from a 2.3 percent increase in the previous quarter, attributed to an increase in compensation of employees and purchase of goods and services.  Gross fixed capital formation advanced by 9.4 percent, rebounding from a  2.6 percent contraction in the preceding quarter, mainly due to a 1.9 percent increase in private investment while public investment grew by 41.1 percent, as compared to a 21.9 percent growth in the previous quarter.  Exports of goods and services fell by 3.5 percent, as compared to a 1.7 percent increase in the previous three months. Imports also decreased by 1.3 percent, slowing from a 2.6 percent fall in the third quarter.

On the production side, the non-agricultural sector expanded by 4.2 percent, as compared to a 3.2 percent growth in the September quarter.  In contrast, agriculture sector contracted by 3.4 percent, following a 5.5 percent fall in the previous quarter. Growth in non-agriculture sector was seen for: manufacturing (+0.8 percent in the fourth quarter, the same as in the September quarter); mining and quarrying (+3.7 percent from +2.4 percent); eelectricity, gas and water supply (+5.0 percent from +2.7 percent), construction (+23.9 percent from +9.4 percent); transport, storage and communication (+5.3 percent from +6.7 percent); wholesale-retail trades and repairing (+5.5 percent); financial intermediation (+7.5 percent from +5.9 percent); real estate services (+6.6 percent from +3.1 percent); hotels and restaurants (+5.0 percent from +12.7 percent) and other community, social and personal service (+8.3 percent from +6.1 percent). Meanwhile, a contraction in agriculture sector mainly driven by  agriculture, hunting and forestry (-4.4 percent) while   fishery expanded by 6.5 percent.

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.

On a quarter-over-quarter seasonally adjusted basis, the GDP expanded by 0.8 percent, slowing from a  1.0 percent  growth in the previous three months and below market consensus.

NESDB l Rida Husna | rida@tradingeconomics.com
2/15/2016 7:29:48 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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