Thailand Forecast: Real GDP Growth
1980 - 2028 | Yearly | % | International Monetary Fund
Key information about Thailand Forecast: Real GDP Growth
- Thailand Real GDP Growth is forecasted to be 3.400 % in Dec 2023 as reported by International Monetary Fund.
- It records an increase from the last reported number of 2.600 % in Dec 2022.
- Looking ahead, Thailand Real GDP Growth is projected to stand at 3.053 % in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Thailand's Forecast: Real GDP Growth from 1980 to 2028 in the chart:
What is Thailand's Forecast: Real GDP Growth in 2028?
Thailand Real GDP Growth is forecasted to be 3.400 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.053 2028 | 3.039 2027 | -7.634 1998 | 13.288 1988 | % | yearly | 1980 - 2028 |
Forecast: Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -20.737 2021 | yearly | 2003 - 2021 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2028 | yearly | 2001 - 2028 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.100 2028 | yearly | 1987 - 2028 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 3.625 2028 | yearly | 1980 - 2028 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.662 2028 | yearly | 1980 - 2028 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.899 2028 | yearly | 1980 - 2028 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.624 2028 | yearly | 1980 - 2028 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.379 2028 | yearly | 1980 - 2028 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.800 2028 | yearly | 2001 - 2028 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 1.599 2029 | yearly | 1981 - 2029 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.0 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -1,041.625 Jan 2024 | monthly | Oct 2001 - Jan 2024 |
| Tax Revenue (USD mn) | 67,893.852 2022 | yearly | 1984 - 2022 |
| Tax Revenue: % of GDP (%) | 13.4 2022 | yearly | 1990 - 2022 |
| National Government Debt (USD mn) | 276,423.6 Feb 2024 | monthly | Oct 1997 - Feb 2024 |
| Government Debt: % of GDP (%) | 54.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Forecast: Government Expenditure (THB bn) | 5,065.690 2028 | yearly | 1995 - 2028 |
| Forecast: Government Net Debt (THB bn) | 13,689.050 2028 | yearly | 1996 - 2028 |
| Forecast: Government Revenue (THB bn) | 4,525.300 2028 | yearly | 1995 - 2028 |
| Govt Revenue: Gross: Excise Dept (THB mn) | 47,541.47 Jun 2018 | monthly | Oct 1989 - Jun 2018 |
| Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) | 68,616.81 Jun 2018 | monthly | Oct 1989 - Jun 2018 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.640 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -554.0 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Exports (USD mn) | 23,384.9 Feb 2024 | monthly | Oct 1990 - Feb 2024 |
| Total Exports Growth (%) | 12.3 Feb 2024 | monthly | Oct 1991 - Feb 2024 |
| Aluminum: Exports (USD th) | 1,568,630.600 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 435,513.625 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 196,247.335 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 23,938.8 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Total Imports Growth (%) | 11.7 Feb 2024 | monthly | Jan 1992 - Feb 2024 |
| Imports: Medicament (USD th) | 1,843,219.521 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,586,101.179 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 4,072.093 Feb 2024 | monthly | Jan 1971 - Feb 2024 |
| Total Imports from USA (USD mn) | 1,587.353 Feb 2024 | monthly | Jan 1971 - Feb 2024 |
| Total Exports to China (USD mn) | 2,320.343 Feb 2024 | monthly | Sep 1978 - Feb 2024 |
| Total Imports from China (USD mn) | 5,631.694 Feb 2024 | monthly | Apr 1974 - Feb 2024 |
| MoC: Exports: Custom Basis (THB mn) | 827,139.032 Feb 2024 | monthly | Oct 1990 - Feb 2024 |
| MoC: Trade Balance: Custom Basis (THB mn) | -29,369.080 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| MoC: Imports: Custom Basis (THB mn) | 856,508.112 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 1,549.2 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Current Account Balance (USD mn) | 1,965.5 Feb 2024 | monthly | Jan 1985 - Feb 2024 |
| Current Account Balance: % of GDP (%) | 1.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Direct Investment (USD mn) | -517.0 Jul 2020 | monthly | Jan 2005 - Jul 2020 |
| Foreign Direct Investment: % of GDP (%) | -0.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | -1,146.350 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -0.9 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -741.7 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -404.680 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
| External Debt (USD mn) | 193,212.3 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| External Debt: % of GDP (%) | 38.4 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| External Debt: Short Term (USD mn) | 79,224.7 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| External Debt: Short Term: % of GDP (%) | 15.4 2023 | yearly | 1980 - 2023 |
| Forecast: Current Account Balance (USD bn) | 22.379 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | 42,907.160 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| BOP: USD: Current Account Balance (USD mn) | 1,965.450 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) | 139.20 Jun 2018 | monthly | Jan 2010 - Jun 2018 |
| FDI: Mining & Quarrying (THB mn) | 3,484.020 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) | -163.140 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| FDI: Construction (THB mn) | -762.270 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| FDI: Manufacturing (THB mn) | 10,477.880 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| FDI: Financial & Insurance Activities (THB mn) | -31,607.400 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.0 Dec 2019 | quarterly | Mar 1998 - Dec 2019 |
| Household Debt: % of GDP (%) | 86.6 Sep 2023 | quarterly | Mar 2003 - Sep 2023 |
| Non-Performing Loans (USD mn) | 14,347.394 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Money Supply M1 (USD mn) | 86,549.219 Feb 2024 | monthly | Dec 1975 - Feb 2024 |
| Money Supply M2 (USD mn) | 718,682.729 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| M2 Growth (%) | 2.5 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
| Reserve Requirement Ratio (%) | 1.0 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 199,906.3 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 8.3 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
| Gold Reserves (USD mn) | 16,837.550 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Total Deposits (USD mn) | 485,015.095 Feb 2024 | monthly | Dec 2000 - Feb 2024 |
| Total Deposits Growth (%) | 1.3 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
| Domestic Credit (USD mn) | 741,734.4 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Domestic Credit Growth (%) | 3.5 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 15.000 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 448.346 Sep 2023 | quarterly | Dec 1991 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 869.949 Sep 2023 | quarterly | Mar 1957 - Sep 2023 |
| Household Debt (USD mn) | 436,311.8 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Total Loans (USD mn) | 486,726.256 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Total Loans Growth (%) | -2.14 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 171.50 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| MA: Quasi Money (THB mn) | 22,655,665.000 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| MA: Narrow Money (NM) (THB mn) | 3,101,924.000 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Monetary Aggregates (MA): Broad Money (THB mn) | 25,757,589.000 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Credit: Outs: CB: Businesses (THB mn) | 7,043,904.000 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Credit: Outs: CB: Individuals (THB mn) | 6,349,659.000 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Deposit: Outs: CB: Individuals (THB mn) | 8,995,763.000 Feb 2024 | monthly | Oct 2003 - Feb 2024 |
| Deposit: Outs: CB: Businesses (THB mn) | 5,399,025.000 Feb 2024 | monthly | Oct 2003 - Feb 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Global Competitiveness Index (Score) | 68.112 2019 | yearly | 2017 - 2019 |
| Business Confidence Growth (% Point) | -6.6 Mar 2024 | monthly | Feb 2000 - Mar 2024 |
| Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) | 150.37 Jun 2018 | monthly | Jan 1993 - Jun 2018 |
More Indicators for Thailand
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National Accounts
GDP: SNA93: By Expenditure: Current Price (Annual)
GDP: SNA93: By Expenditure: CVM: 2002 Reference Year (Annual)
GDP: SNA93: By Industry: CVM: 2002 Reference Year
GDP: SNA93: Disposable Personal Income (Annual)
GDP: SNA93: Exports & Imports of Goods & Service: CVM: 2002 Reference Year: Seasonally Adjusted
GDP: SNA93: Government Consumption Expenditure: Current Price (Annual)
GDP: SNA93: Government Consumption Expenditure: CVM: 2002 Reference Year
GDP: SNA93: Government Consumption Expenditure: CVM: 2002 Reference Year: Seasonally Adjusted
GDP: SNA93: Gross Fixed Capital Formation: Current Price (Annual)
GDP: SNA93: Gross Fixed Capital Formation: CVM: 2002 Reference Year
GDP: SNA93: Gross Fixed Capital Formation: CVM: 2002 Reference Year: Seasonally Adjusted
GDP: SNA93: Private Consumption Expenditure: Current Price
GDP: SNA93: Private Consumption Expenditure: Current Price: Seasonally Adjusted
GDP: SNA93: Private Consumption Expenditure: CVM: 2002 Reference Year (Annual)
GDP: SNA93: Savings and Gross Capital Formation: Current Price (Annual)
GDP: TSIC 2001: Capital Stock of Thailand: Gross
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Deflator and Volume Index: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA1993: GDP: by Expenditure: Current Price (Annual)
SNA1993: GDP: by Industry: Current Price
SNA1993: GDP: by Industry: Current Price: Seasonally Adjusted
SNA1993: GDP: by Industry: CVM: 2002 Reference Year (Annual)
SNA1993: GDP: Government Consumption Expenditure: Current Price: Seasonally Adjusted
SNA1993: GDP: Gross Fixed Capital Formation: CVM: 2002 Reference Year
SNA1993: GDP: Private Consumption Expenditure: Current Price: Seasonally Adjusted
GDP: SNA93: By Expenditure: Current Price
GDP: SNA93: By Expenditure: CVM: 2002 Reference Year
GDP: SNA93: By Industry: Current Price (Annual)
GDP: SNA93: By Industry: CVM: 2002 Reference Year (Annual)
GDP: SNA93: Exports & Imports of Goods & Service: Current Price: Seasonally Adjusted
GDP: SNA93: Government Consumption Expenditure: Current Price
GDP: SNA93: Government Consumption Expenditure: Current Price: Seasonally Adjusted
GDP: SNA93: Government Consumption Expenditure: CVM: 2002 Reference Year (Annual)
GDP: SNA93: Gross Fixed Capital Formation: Current Price
GDP: SNA93: Gross Fixed Capital Formation: Current Price: Seasonally Adjusted
GDP: SNA93: Gross Fixed Capital Formation: CVM: 2002 Reference Year (Annual)
GDP: SNA93: National Income Distribution: Current Price (Annual)
GDP: SNA93: Private Consumption Expenditure: Current Price (Annual)
GDP: SNA93: Private Consumption Expenditure: CVM: 2002 Reference Year
GDP: SNA93: Private Consumption Expenditure: CVM: 2002 Reference Year: Seasonally Adjusted
GDP: TSIC 2001: Capital Stock of Thailand: Depreciation
GDP: TSIC 2001: Capital Stock of Thailand: Net
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA1993: GDP: by Expenditure: Current Price
SNA1993: GDP: by Expenditure: CVM: 2002 Reference Year
SNA1993: GDP: by Industry: Current Price (Annual)
SNA1993: GDP: by Industry: CVM: 2002 Reference Year
SNA1993: GDP: by Industry: CVM: 2002 Reference Year: Seasonally Adjusted
SNA1993: GDP: Government Consumption Expenditure: CVM: 2002 Reference Year: Seasonally Adjusted
SNA1993: GDP: Gross Fixed Capital Formation: CVM: 2002 Reference Year: Seasonally Adjusted
SNA1993: GDP: Private Consumption Expenditure: CVM: 2002 Reference Year: Seasonally Adjusted