Thailand Government Debt: % of GDP

1997 - 2020 | Quarterly | % | CEIC Data

Key information about Thailand Government Debt: % of GDP

  • Thailand Government debt accounted for 44.9 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 42.4 % in the previous quarter.
  • Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Dec 2020.
  • The data reached an all-time high of 44.9 % in Dec 2020 and a record low of 5.7 % in Mar 1998.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Public Debt Management Office provides Government Debt in local currency. National Economic and Social Development Council provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Thailand Government Debt: % of GDP

  • In the latest reports, Thailand National Government Debt reached 249.9 USD bn in Oct 2021.
  • The country's Nominal GDP reached 130.9 USD bn in Dec 2020.

View Thailand's Government Debt: % of GDP from Dec 1997 to Dec 2020 in the chart:

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Thailand Government Debt: % of GDP
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Thailand Government Debt: % of GDP

What was Thailand's Government Debt: % of GDP in Dec 2020?

Thailand Government debt accounted for 44.9 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 42.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
44.9 Dec 2020 42.4 Sep 2020 5.7 Mar 1998 44.9 Dec 2020 % quarterly Dec 1997 - Dec 2020

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 73.1 Dec 2020 quarterly Sep 2010 - Dec 2020
Algeria (%) 36.4 2018 yearly 1997 - 2018
Argentina (%) 102.5 Dec 2020 quarterly Dec 2004 - Dec 2020
Armenia (%) 67.3 Dec 2020 quarterly Dec 2013 - Dec 2020
Australia (%) 43.3 2020 yearly 1999 - 2020
Austria (%) 83.9 Dec 2020 quarterly Mar 2000 - Dec 2020
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 100.7 Dec 2020 quarterly Dec 2007 - Dec 2020
Bangladesh (%) 21.3 2020 yearly 2010 - 2020
Belarus (%) 39.3 Mar 2021 quarterly Dec 2003 - Mar 2021
Belgium (%) 114.1 Dec 2020 quarterly Dec 1980 - Dec 2020
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 26.3 2020 yearly 2007 - 2020
Botswana (%) 13.9 Dec 2019 quarterly Jun 2014 - Dec 2019
Brazil (%) 89.1 Mar 2021 quarterly Dec 2006 - Mar 2021
Bulgaria (%) 25.3 Sep 2020 quarterly Mar 2007 - Sep 2020
Cambodia (%) 28.1 2019 yearly 2013 - 2019
Canada (%) 73.8 2021 yearly 1962 - 2021
Chile (%) 34.8 Dec 2020 quarterly Mar 2002 - Dec 2020
China (%) 20.6 Dec 2020 quarterly Mar 2014 - Dec 2020
Colombia (%) 65.0 Dec 2020 quarterly Dec 2005 - Dec 2020
Croatia (%) 89.1 Dec 2020 quarterly Dec 1995 - Dec 2020
Cyprus (%) 119.1 Dec 2020 quarterly Dec 2010 - Dec 2020
Czech Republic (%) 38.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Denmark (%) 42.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Ecuador (%) 63.9 Dec 2020 quarterly Dec 2005 - Dec 2020
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.2 Dec 2020 quarterly Mar 2000 - Dec 2020
European Union (%) 90.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Finland (%) 69.2 Dec 2020 quarterly Mar 2000 - Dec 2020
France (%) 115.7 Dec 2020 quarterly Dec 1995 - Dec 2020
Georgia (%) 59.9 Dec 2020 quarterly Mar 2006 - Dec 2020
Germany (%) 69.7 Dec 2020 quarterly Mar 2000 - Dec 2020
Ghana (%) 76.1 2020 yearly 2006 - 2020
Greece (%) 205.6 Dec 2020 quarterly Dec 1999 - Dec 2020
Hong Kong SAR, China (%) 45.9 2021 yearly 2003 - 2021
Hungary (%) 78.5 Dec 2020 quarterly Dec 1990 - Dec 2020
Iceland (%) 77.1 2020 yearly 1998 - 2020
India (%) 56.6 Dec 2020 quarterly Mar 2012 - Dec 2020
Indonesia (%) 39.4 Dec 2020 quarterly Jun 2015 - Dec 2020
Iran (%) 16.5 Sep 2020 quarterly Mar 1998 - Sep 2020
Ireland (%) 59.5 Dec 2020 quarterly Mar 2000 - Dec 2020
Israel (%) 71.1 2020 yearly 1995 - 2020
Italy (%) 155.8 Dec 2020 quarterly Dec 1995 - Dec 2020
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 224.9 Dec 2020 quarterly Dec 1994 - Dec 2020
Jordan (%) 85.0 Sep 2020 quarterly Mar 2002 - Sep 2020
Kazakhstan (%) 23.2 Sep 2020 quarterly Mar 2005 - Sep 2020
Kenya (%) 68.6 Sep 2020 quarterly Dec 2009 - Sep 2020
South Korea (%) 42.3 Dec 2020 quarterly Sep 2002 - Dec 2020
Kosovo (%) 21.8 2020 yearly 2009 - 2020
Kuwait (%) 3.2 Sep 2020 quarterly Dec 2010 - Sep 2020
Kyrgyzstan (%) 68.1 Dec 2020 quarterly Mar 2011 - Dec 2020
Latvia (%) 44.7 Sep 2020 quarterly Mar 2000 - Sep 2020
Lebanon (%) 171.0 2019 yearly 1998 - 2019
Lithuania (%) 47.1 Dec 2020 quarterly Mar 2000 - Dec 2020
Luxembourg (%) 26.1 Sep 2020 quarterly Dec 1997 - Sep 2020
North Macedonia (%) 51.3 Dec 2020 quarterly Dec 2009 - Dec 2020
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 62.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Malta (%) 54.3 Dec 2020 quarterly Dec 2000 - Dec 2020
Mauritius (%) 76.5 Dec 2020 quarterly Jun 2003 - Dec 2020
Mexico (%) 57.6 Dec 2020 quarterly Dec 2005 - Dec 2020
Moldova (%) 32.9 Dec 2020 quarterly Mar 2007 - Dec 2020
Montenegro (%) 103.3 Dec 2020 quarterly Dec 2010 - Dec 2020
Morocco (%) 76.4 2020 yearly 1994 - 2020
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 54.5 Dec 2020 quarterly Dec 1999 - Dec 2020
New Zealand (%) 33.6 Sep 2020 quarterly Dec 2007 - Sep 2020
Nigeria (%) 18.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Norway (%) 46.0 2020 yearly 1995 - 2020
Oman (%) 65.9 2020 yearly 1990 - 2020
Pakistan (%) 84.1 2020 yearly 2000 - 2020
Palestinian Territory (%) 89.7 Dec 2020 quarterly Dec 2010 - Dec 2020
Panama (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Paraguay (%) 30.9 Dec 2020 quarterly Dec 2014 - Dec 2020
Peru (%) 35.0 Dec 2020 quarterly Mar 1999 - Dec 2020
Philippines (%) 54.6 Dec 2020 quarterly Mar 1993 - Dec 2020
Poland (%) 57.5 Dec 2020 quarterly Dec 2002 - Dec 2020
Portugal (%) 130.5 Sep 2021 quarterly Mar 2000 - Sep 2021
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 47.2 Dec 2020 quarterly Dec 2011 - Dec 2020
Russia (%) 17.7 Dec 2020 quarterly Dec 2011 - Dec 2020
Saudi Arabia (%) 32.5 Dec 2020 quarterly Dec 2016 - Dec 2020
Serbia (%) 57.4 Dec 2020 quarterly Sep 2004 - Dec 2020
Singapore (%) 150.2 Dec 2020 quarterly Mar 1990 - Dec 2020
Slovakia (%) 60.0 Jun 2020 quarterly Mar 2000 - Jun 2020
Slovenia (%) 80.8 Dec 2020 quarterly Dec 1999 - Dec 2020
South Africa (%) 77.1 Dec 2020 quarterly Dec 1960 - Dec 2020
Spain (%) 121.8 Sep 2021 quarterly Mar 1995 - Sep 2021
Sri Lanka (%) 101.0 Dec 2020 quarterly Mar 2014 - Dec 2020
Sweden (%) 40.8 Dec 2020 quarterly Mar 2000 - Dec 2020
Switzerland (%) 25.8 2018 yearly 1990 - 2018
Taiwan (%) 32.6 2020 yearly 1996 - 2020
Tajikistan (%) 45.5 2020 yearly 1999 - 2020
Thailand (%) 44.9 Dec 2020 quarterly Dec 1997 - Dec 2020
Tunisia (%) 81.5 Oct 2021 monthly Apr 2011 - Oct 2021
Turkey (%) 39.5 Dec 2020 quarterly Dec 2001 - Dec 2020
Ukraine (%) 53.9 Dec 2020 quarterly Dec 2010 - Dec 2020
United Kingdom (%) 104.5 Dec 2020 quarterly Mar 1975 - Dec 2020

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Thailand Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.0 Dec 2020 quarterly Sep 2002 - Dec 2020
Consolidated Fiscal Balance (USD mn) -5,353.185 Mar 2021 monthly Oct 2001 - Mar 2021
Tax Revenue (USD mn) 67,496.915 2020 yearly 1984 - 2020
Tax Revenue: % of GDP (%) 13.4 2020 yearly 1990 - 2020
National Government Debt (USD mn) 251,956.3 Nov 2021 monthly Oct 1997 - Nov 2021
Government Debt: % of GDP (%) 44.9 Dec 2020 quarterly Dec 1997 - Dec 2020
Forecast: Government Expenditure (THB bn) 4,976.160 2026 yearly 1995 - 2026
Forecast: Government Net Debt (THB bn) 12,407.260 2026 yearly 1996 - 2026
Forecast: Government Revenue (THB bn) 4,240.380 2026 yearly 1995 - 2026
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Total Public Debt as % of GDP (%) 59.580 Nov 2021 monthly Jan 2005 - Nov 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.929 2026 yearly 1980 - 2026
Trade Balance (USD mn) 1,018.7 Nov 2021 monthly Jan 1957 - Nov 2021
Total Exports (USD mn) 24,222.5 Mar 2021 monthly Oct 1990 - Mar 2021
Total Exports Growth (%) 33.5 Nov 2021 monthly Oct 1991 - Nov 2021
Aluminum: Exports (USD th) 906,263.336 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 473,140.446 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 158,255.608 2020 yearly 1995 - 2020
Total Imports (USD mn) 21,246.8 Apr 2021 monthly Jan 1991 - Apr 2021
Total Imports Growth (%) 28.9 Nov 2021 monthly Jan 1992 - Nov 2021
Imports: Medicament (USD th) 1,827,086.391 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 993,571.482 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 2,972.109 Dec 2020 monthly Jan 1971 - Dec 2020
Total Imports from USA (USD mn) 1,381.095 Mar 2021 monthly Jan 1971 - Mar 2021
Total Exports to China (USD mn) 3,251.772 Apr 2021 monthly Sep 1978 - Apr 2021
Total Imports from China (USD mn) 5,411.602 Apr 2021 monthly Apr 1974 - Apr 2021
MoC: Exports: Custom Basis (THB mn) 783,424.556 Nov 2021 monthly Oct 1990 - Nov 2021
MoC: Imports: Custom Basis (THB mn) 759,679.356 Nov 2021 monthly Jan 1991 - Nov 2021
MoC: Trade Balance: Custom Basis (THB mn) 23,745.200 Nov 2021 monthly Jan 1991 - Nov 2021
Exports: Mfg: Electronics: Computer Parts (THB mn) 43,205.540 Nov 2021 monthly Jan 1995 - Nov 2021
Exports: Mfg: Machinery & Equipment (THB mn) 62,352.390 Nov 2021 monthly Jan 1995 - Nov 2021
Exports: Mfg: Automotive (THB mn) 117,882.560 Nov 2021 monthly Jan 1995 - Nov 2021
Exports: Agriculture: Rice (THB mn) 12,771.320 Nov 2021 monthly Jan 1995 - Nov 2021
Exports: Agriculture: Rubber (THB mn) 16,371.890 Nov 2021 monthly Jan 1995 - Nov 2021
Imports: Others: Non-Monetary Gold (THB mn) 12,267.640 Nov 2021 monthly Jan 1995 - Nov 2021
Imports: RM: Non-Agro: Electronic Parts (THB mn) 117,201.870 Nov 2021 monthly Jan 1995 - Nov 2021
Imports: RM: Non-Agro: Base Metal Materials (THB mn) 77,011.380 Nov 2021 monthly Jan 1995 - Nov 2021
Imports: Capital Goods: Machinery and Equipment (ME) (THB mn) 148,097.000 Nov 2021 monthly Jan 1995 - Nov 2021
Imports: Consumer Goods: ND: Animal and Fishery (THB mn) 12,079.530 Nov 2021 monthly Jan 1995 - Nov 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,920.9 Sep 2021 quarterly Mar 2005 - Sep 2021
Current Account Balance (USD mn) 345.8 Nov 2021 monthly Jan 1985 - Nov 2021
Current Account Balance: % of GDP (%) -4.3 Sep 2021 quarterly Mar 1993 - Sep 2021
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) -5.3 Dec 2020 quarterly Mar 1993 - Dec 2020
Foreign Portfolio Investment (USD mn) 206.390 Sep 2021 quarterly Mar 2005 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) 1.3 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 1,098.6 Dec 2020 quarterly Mar 1976 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 694.430 Dec 2020 quarterly Mar 1976 - Dec 2020
External Debt (USD mn) 189,913.8 Sep 2021 quarterly Mar 1999 - Sep 2021
External Debt: % of GDP (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
External Debt: Short Term (USD mn) 71,579.7 Sep 2021 quarterly Mar 1999 - Sep 2021
External Debt: Short Term: % of GDP (%) 15.0 2020 yearly 1980 - 2020
Forecast: Current Account Balance (USD bn) 21.921 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 54,978.590 Dec 2020 quarterly Mar 2012 - Dec 2020
BOP: USD: Current Account Balance (USD mn) 345.800 Nov 2021 monthly Jan 2005 - Nov 2021
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Manufacturing (THB mn) 51,834.540 Sep 2021 quarterly Mar 2005 - Sep 2021
FDI: Mining & Quarrying (THB mn) -1,728.410 Sep 2021 quarterly Mar 2005 - Sep 2021
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 113.580 Sep 2021 quarterly Mar 2005 - Sep 2021
FDI: Construction (THB mn) 56.440 Sep 2021 quarterly Mar 2005 - Sep 2021
FDI: Financial & Insurance Activities (THB mn) 44,753.620 Sep 2021 quarterly Mar 2005 - Sep 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 89.3 Dec 2020 quarterly Mar 2003 - Dec 2020
Non-Performing Loans (USD mn) 17,188.416 Mar 2021 quarterly Mar 1998 - Mar 2021
Money Supply M1 (USD mn) 83,225.636 Nov 2021 monthly Dec 1975 - Nov 2021
Money Supply M2 (USD mn) 705,347.158 Nov 2021 monthly Jan 1997 - Nov 2021
M2 Growth (%) 4.6 Nov 2021 monthly Jan 1998 - Nov 2021
Reserve Requirement Ratio (%) 1.0 Dec 2021 monthly Sep 1997 - Dec 2021
Foreign Exchange Reserves (USD mn) 234,430.1 Mar 2021 monthly Jan 1993 - Mar 2021
Foreign Exchange Reserves: Months of Import (NA) 9.8 Nov 2021 monthly Jan 1991 - Nov 2021
Gold Reserves (USD mn) 14,247.550 Dec 2021 monthly Dec 1956 - Dec 2021
Total Deposits (USD mn) 484,926.140 Nov 2021 monthly Dec 2000 - Nov 2021
Total Deposits Growth (%) 9.7 Feb 2021 monthly Dec 2001 - Feb 2021
Domestic Credit (USD mn) 709,247.5 Nov 2021 monthly Jan 2003 - Nov 2021
Domestic Credit Growth (%) 8.7 Nov 2021 monthly Jan 2004 - Nov 2021
Debt Service Ratio: Private Non-Financial Sector (%) 10.500 Jun 2021 quarterly Mar 1999 - Jun 2021
Credit to Households (USD bn) 386.224 Jun 2021 quarterly Dec 1991 - Jun 2021
Credit to Private Non-Financial Sector (USD bn) 653.280 Jun 2021 quarterly Mar 1957 - Jun 2021
Household Debt (USD mn) 426,365.7 Sep 2021 quarterly Mar 2003 - Sep 2021
Total Loans (USD mn) 538,167.269 Feb 2021 monthly Jan 2007 - Feb 2021
Total Loans Growth (%) 3.76 Apr 2021 monthly Jan 2008 - Apr 2021
Private Debt: % of Nominal GDP (%) 167.03 Dec 2020 quarterly Mar 2011 - Dec 2020
MA: Quasi Money (THB mn) 21,015,265.000 Nov 2021 monthly Jan 1997 - Nov 2021
Monetary Aggregates (MA): Broad Money (THB mn) 23,826,627.000 Nov 2021 monthly Jan 1997 - Nov 2021
MA: Narrow Money (NM) (THB mn) 2,811,362.000 Nov 2021 monthly Jan 1997 - Nov 2021
Credit: Outs: CB: Businesses (THB mn) 6,728,642.000 Nov 2021 monthly Jan 2004 - Nov 2021
Credit: Outs: CB: Individuals (THB mn) 6,215,147.000 Nov 2021 monthly Jan 2004 - Nov 2021
Deposit: Outs: CB: Businesses (THB mn) 4,937,050.000 Nov 2021 monthly Oct 2003 - Nov 2021
Deposit: Outs: CB: Individuals (THB mn) 8,473,203.000 Nov 2021 monthly Oct 2003 - Nov 2021
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 15.0 Mar 2021 monthly Feb 2000 - Mar 2021
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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