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:

Thailand Forecast: Real GDP Growth

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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Thailand Key Series

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Includes 290 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
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) -1,558.046 Dec 2023 monthly Oct 2001 - Dec 2023
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) 278,138.3 Jan 2024 monthly Oct 1997 - Jan 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) -2,757.9 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports (USD mn) 22,649.9 Jan 2024 monthly Oct 1990 - Jan 2024
Total Exports Growth (%) 10.2 Jan 2024 monthly Oct 1991 - Jan 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) 25,407.8 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) 2.8 Jan 2024 monthly Jan 1992 - Jan 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) 3,895.994 Jan 2024 monthly Jan 1971 - Jan 2024
Total Imports from USA (USD mn) 1,295.397 Jan 2024 monthly Jan 1971 - Jan 2024
Total Exports to China (USD mn) 2,234.927 Jan 2024 monthly Sep 1978 - Jan 2024
Total Imports from China (USD mn) 6,848.081 Jan 2024 monthly Apr 1974 - Jan 2024
MoC: Exports: Custom Basis (THB mn) 784,580.410 Jan 2024 monthly Oct 1990 - Jan 2024
MoC: Imports: Custom Basis (THB mn) 890,687.353 Jan 2024 monthly Jan 1991 - Jan 2024
MoC: Trade Balance: Custom Basis (THB mn) -106,106.943 Jan 2024 monthly Jan 1991 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,522.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance (USD mn) -190.5 Jan 2024 monthly Jan 1985 - Jan 2024
Current Account Balance: % of GDP (%) 1.2 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 (%) 1.1 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Portfolio Investment (USD mn) -3,468.500 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -2.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,531.5 Sep 2023 quarterly Mar 1976 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,937.040 Sep 2023 quarterly Mar 1976 - Sep 2023
External Debt (USD mn) 190,055.1 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: % of GDP (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: Short Term (USD mn) 79,038.7 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: Short Term: % of GDP (%) 16.2 2022 yearly 1980 - 2022
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 32,690.870 Sep 2023 quarterly Mar 2012 - Sep 2023
BOP: USD: Current Account Balance (USD mn) -190.510 Jan 2024 monthly Jan 2005 - Jan 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 1,022.330 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Manufacturing (THB mn) 3,083.910 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Financial & Insurance Activities (THB mn) 20,435.520 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Mining & Quarrying (THB mn) -1,975.540 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Construction (THB mn) 24,298.560 Sep 2023 quarterly Mar 2005 - Sep 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) 86,011.340 Jan 2024 monthly Dec 1975 - Jan 2024
Money Supply M2 (USD mn) 722,605.288 Jan 2024 monthly Jan 1997 - Jan 2024
M2 Growth (%) 2.3 Jan 2024 monthly Jan 1998 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Feb 2024 monthly Sep 1997 - Feb 2024
Foreign Exchange Reserves (USD mn) 199,760.5 Feb 2024 monthly Jan 1993 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2024 monthly Jan 1991 - Jan 2024
Gold Reserves (USD mn) 15,993.030 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 502,675.779 Dec 2023 monthly Dec 2000 - Dec 2023
Total Deposits Growth (%) 0.9 Dec 2023 monthly Dec 2001 - Dec 2023
Domestic Credit (USD mn) 747,665.4 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 3.8 Jan 2024 monthly Jan 2004 - Jan 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) 513,205.852 Dec 2023 monthly Jan 2007 - Dec 2023
Total Loans Growth (%) 0.58 Dec 2023 monthly Jan 2008 - Dec 2023
Private Debt: % of Nominal GDP (%) 171.36 Dec 2023 quarterly Mar 2011 - Dec 2023
Monetary Aggregates (MA): Broad Money (THB mn) 25,551,323.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Quasi Money (THB mn) 22,509,962.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Narrow Money (NM) (THB mn) 3,041,361.000 Jan 2024 monthly Jan 1997 - Jan 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -3.6 Feb 2024 monthly Feb 2000 - Feb 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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