Thailand Government Debt: % of GDP

1997 - 2022 | Quarterly | % | CEIC Data

Key information about Thailand Government Debt: % of GDP

  • Thailand Government debt accounted for 53.4 % of the country's Nominal GDP in Sep 2022, compared with the ratio of 53.7 % in the previous quarter.
  • Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Sep 2022.
  • The data reached an all-time high of 53.7 % in Jun 2022 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. The Office of the 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 261.9 USD bn in Nov 2022.
  • The country's Nominal GDP reached 122.5 USD bn in Sep 2022.

View Thailand's Government Debt: % of GDP from Dec 1997 to Sep 2022 in the chart:

Thailand Government Debt: % of GDP

What was Thailand's Government Debt: % of GDP in Sep 2022?

Thailand Government debt accounted for 53.4 % of the country's Nominal GDP in Sep 2022, compared with the ratio of 53.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
53.4 Sep 2022 53.7 Jun 2022 5.7 Mar 1998 53.7 Jun 2022 % quarterly Dec 1997 - Sep 2022

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 62.8 Sep 2022 quarterly Sep 2010 - Sep 2022
Algeria (%) 62.1 2021 yearly 1997 - 2021
Argentina (%) 75.0 Sep 2022 quarterly Dec 2004 - Sep 2022
Armenia (%) 50.5 Sep 2022 quarterly Dec 2013 - Sep 2022
Australia (%) 47.7 2021 yearly 1999 - 2021
Austria (%) 81.3 Sep 2022 quarterly Mar 2000 - Sep 2022
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 84.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Bangladesh (%) 20.6 2022 yearly 2010 - 2022
Belarus (%) 36.7 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.3 Sep 2022 quarterly Dec 1980 - Sep 2022
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 17.9 Dec 2021 quarterly Jun 2014 - Dec 2021
Brazil (%) 73.5 Dec 2022 quarterly Dec 2006 - Dec 2022
Bulgaria (%) 23.1 Sep 2022 quarterly Mar 2007 - Sep 2022
Cambodia (%) 35.2 2021 yearly 2013 - 2021
Canada (%) 71.3 2022 yearly 1962 - 2022
Chile (%) 37.5 Sep 2022 quarterly Mar 2002 - Sep 2022
China (%) 20.8 Sep 2022 quarterly Mar 2014 - Sep 2022
Colombia (%) 62.1 Jun 2022 quarterly Dec 2005 - Jun 2022
Croatia (%) 9.3 Sep 2022 quarterly Dec 1995 - Sep 2022
Cyprus (%) 91.6 Sep 2022 quarterly Dec 2010 - Sep 2022
Czech Republic (%) 45.2 Sep 2022 quarterly Mar 2000 - Sep 2022
Denmark (%) 30.7 Sep 2022 quarterly Mar 2000 - Sep 2022
Ecuador (%) 63.5 Sep 2022 quarterly Dec 2005 - Sep 2022
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 15.8 Sep 2022 quarterly Mar 2000 - Sep 2022
European Union (%) 85.1 Sep 2022 quarterly Mar 2000 - Sep 2022
Finland (%) 71.0 Sep 2022 quarterly Mar 2000 - Sep 2022
France (%) 113.3 Jun 2022 quarterly Dec 1995 - Jun 2022
Georgia (%) 39.5 Sep 2022 quarterly Mar 2006 - Sep 2022
Germany (%) 66.4 Sep 2022 quarterly Mar 2000 - Sep 2022
Ghana (%) 80.1 2021 yearly 2006 - 2021
Greece (%) 178.2 Sep 2022 quarterly Dec 1999 - Sep 2022
Hong Kong SAR, China (%) 47.6 2022 yearly 2003 - 2022
Hungary (%) 72.9 Sep 2022 quarterly Dec 1990 - Sep 2022
Iceland (%) 74.6 2021 yearly 1998 - 2021
India (%) 54.9 Sep 2022 quarterly Mar 2012 - Sep 2022
Indonesia (%) 39.0 Sep 2022 quarterly Jun 2015 - Sep 2022
Iran (%) 8.8 Mar 2022 quarterly Mar 1998 - Mar 2022
Ireland (%) 49.0 Sep 2022 quarterly Mar 2000 - Sep 2022
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 147.2 Sep 2022 quarterly Dec 1995 - Sep 2022
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 225.8 Sep 2022 quarterly Dec 1994 - Sep 2022
Jordan (%) 88.4 Sep 2022 quarterly Mar 2002 - Sep 2022
Kazakhstan (%) 23.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Kenya (%) 66.9 Sep 2022 quarterly Dec 2009 - Sep 2022
South Korea (%) 48.1 Sep 2022 quarterly Sep 2002 - Sep 2022
Kosovo (%) 20.7 2022 yearly 2009 - 2022
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 50.9 Sep 2022 quarterly Mar 2011 - Sep 2022
Latvia (%) 39.9 Sep 2022 quarterly Mar 2000 - Sep 2022
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.3 Sep 2022 quarterly Mar 2000 - Sep 2022
Luxembourg (%) 24.6 Sep 2022 quarterly Dec 1997 - Sep 2022
North Macedonia (%) 52.5 Sep 2022 quarterly Dec 2009 - Sep 2022
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 61.6 Sep 2022 quarterly Dec 2010 - Sep 2022
Malta (%) 53.2 Sep 2022 quarterly Dec 2000 - Sep 2022
Mauritius (%) 73.4 Dec 2022 quarterly Jun 2003 - Dec 2022
Mexico (%) 51.9 Sep 2022 quarterly Dec 2005 - Sep 2022
Moldova (%) 32.3 Sep 2022 quarterly Mar 2007 - Sep 2022
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 71.5 Sep 2022 quarterly Dec 2010 - Sep 2022
Morocco (%) 68.9 2021 yearly 1994 - 2021
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 49.0 Sep 2022 quarterly Dec 1999 - Sep 2022
New Zealand (%) 34.9 Sep 2022 quarterly Dec 2006 - Sep 2022
Nigeria (%) 20.2 Sep 2022 quarterly Dec 2010 - Sep 2022
Norway (%) 42.5 2021 yearly 1995 - 2021
Oman (%) 61.3 2021 yearly 1990 - 2021
Pakistan (%) 69.1 2021 yearly 2000 - 2021
Palestinian Territory (%) 75.0 Sep 2022 quarterly Dec 2010 - Sep 2022
Panama (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Paraguay (%) 31.5 Sep 2022 quarterly Dec 2014 - Sep 2022
Peru (%) 34.4 Sep 2022 quarterly Mar 1999 - Sep 2022
Philippines (%) 60.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Poland (%) 50.3 Sep 2022 quarterly Dec 2002 - Sep 2022
Portugal (%) 120.1 Sep 2022 quarterly Dec 1995 - Sep 2022
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 47.7 Sep 2022 quarterly Dec 2011 - Sep 2022
Russia (%) 13.4 Sep 2022 quarterly Dec 2011 - Sep 2022
Saudi Arabia (%) 24.1 Sep 2022 quarterly Dec 2016 - Sep 2022
Serbia (%) 55.4 Sep 2022 quarterly Sep 2004 - Sep 2022
Singapore (%) 184.9 Sep 2022 quarterly Mar 1990 - Sep 2022
Slovakia (%) 58.6 Sep 2022 quarterly Mar 2000 - Sep 2022
Slovenia (%) 72.3 Sep 2022 quarterly Dec 1999 - Sep 2022
South Africa (%) 71.4 Sep 2022 quarterly Dec 1960 - Sep 2022
Spain (%) 115.6 Sep 2022 quarterly Mar 1995 - Sep 2022
Sri Lanka (%) 114.3 Sep 2022 quarterly Mar 2014 - Sep 2022
Sweden (%) 32.7 Sep 2022 quarterly Mar 1996 - Sep 2022
Switzerland (%) 25.1 2026 yearly 1990 - 2026
Taiwan (%) 30.1 2021 yearly 1996 - 2021
Tajikistan (%) 39.2 2020 yearly 1999 - 2020
Thailand (%) 53.4 Sep 2022 quarterly Dec 1997 - Sep 2022
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 34.8 Sep 2022 quarterly Dec 2001 - Sep 2022
Ukraine (%) 43.3 Dec 2021 quarterly Dec 2010 - Dec 2021

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Thailand Key Series

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Includes 307 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 (%) -3.5 Sep 2022 quarterly Sep 2002 - Sep 2022
Consolidated Fiscal Balance (USD mn) 2,180.763 Dec 2022 monthly Oct 2001 - Dec 2022
Tax Revenue (USD mn) 68,602.250 2021 yearly 1984 - 2021
Tax Revenue: % of GDP (%) 13.3 2021 yearly 1990 - 2021
National Government Debt (USD mn) 268,936.9 Dec 2022 monthly Oct 1997 - Dec 2022
Government Debt: % of GDP (%) 53.4 Sep 2022 quarterly Dec 1997 - Sep 2022
Forecast: Government Expenditure (THB bn) 5,260.890 2027 yearly 1995 - 2027
Forecast: Government Net Debt (THB bn) 12,987.820 2027 yearly 1996 - 2027
Forecast: Government Revenue (THB bn) 4,502.880 2027 yearly 1995 - 2027
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
Total Public Debt as % of GDP (%) 60.670 Dec 2022 monthly Jan 2005 - Dec 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.512 2027 yearly 1980 - 2027
Trade Balance (USD mn) -1,033.9 Dec 2022 monthly Jan 1957 - Dec 2022
Total Exports (USD mn) 21,718.8 Dec 2022 monthly Oct 1990 - Dec 2022
Total Exports Growth (%) -6.1 Dec 2022 monthly Oct 1991 - Dec 2022
Aluminum: Exports (USD th) 1,101,803.268 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 425,567.013 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 207,031.387 2021 yearly 1995 - 2021
Total Imports (USD mn) 22,752.7 Dec 2022 monthly Jan 1991 - Dec 2022
Total Imports Growth (%) -3.3 Dec 2022 monthly Jan 1992 - Dec 2022
Imports: Medicament (USD th) 1,717,678.030 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,086,777.011 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 3,957.446 Dec 2022 monthly Jan 1971 - Dec 2022
Total Imports from USA (USD mn) 1,372.753 Nov 2022 monthly Jan 1971 - Nov 2022
Total Exports to China (USD mn) 2,558.733 Dec 2022 monthly Sep 1978 - Dec 2022
Total Imports from China (USD mn) 5,551.810 Dec 2022 monthly Apr 1974 - Dec 2022
MoC: Trade Balance: Custom Basis (THB mn) -46,757.889 Dec 2022 monthly Jan 1991 - Dec 2022
MoC: Imports: Custom Basis (THB mn) 823,081.461 Dec 2022 monthly Jan 1991 - Dec 2022
MoC: Exports: Custom Basis (THB mn) 776,323.572 Dec 2022 monthly Oct 1990 - Dec 2022
Exports: Agriculture: Rice (THB mn) 12,522.650 Dec 2021 monthly Jan 1995 - Dec 2021
Exports: Mfg: Machinery & Equipment (THB mn) 65,054.790 Dec 2021 monthly Jan 1995 - Dec 2021
Exports: Agriculture: Rubber (THB mn) 16,820.770 Dec 2021 monthly Jan 1995 - Dec 2021
Exports: Mfg: Automotive (THB mn) 128,902.070 Dec 2021 monthly Jan 1995 - Dec 2021
Exports: Mfg: Electronics: Computer Parts (THB mn) 58,184.910 Dec 2021 monthly Jan 1995 - Dec 2021
Imports: Others: Non-Monetary Gold (THB mn) 38,118.000 Dec 2021 monthly Jan 1995 - Dec 2021
Imports: RM: Non-Agro: Electronic Parts (THB mn) 102,308.670 Dec 2021 monthly Jan 1995 - Dec 2021
Imports: Consumer Goods: ND: Animal and Fishery (THB mn) 11,411.360 Dec 2021 monthly Jan 1995 - Dec 2021
Imports: Capital Goods: Machinery and Equipment (ME) (THB mn) 148,385.460 Dec 2021 monthly Jan 1995 - Dec 2021
Imports: RM: Non-Agro: Base Metal Materials (THB mn) 78,500.930 Dec 2021 monthly Jan 1995 - Dec 2021
Imports Volume: Liquefied Natural Gas (Cub ft mn) 26,039.160 Dec 2022 monthly Jan 2010 - Dec 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,223.7 Sep 2022 quarterly Mar 2005 - Sep 2022
Current Account Balance (USD mn) 1,102.0 Dec 2022 monthly Jan 1985 - Dec 2022
Current Account Balance: % of GDP (%) -6.4 Sep 2022 quarterly Mar 1993 - Sep 2022
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.6 Sep 2022 quarterly Mar 1993 - Sep 2022
Foreign Portfolio Investment (USD mn) -438.010 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) -0.4 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 779.6 Sep 2022 quarterly Mar 1976 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -1,217.630 Sep 2022 quarterly Mar 1976 - Sep 2022
External Debt (USD mn) 187,878.0 Sep 2022 quarterly Mar 1999 - Sep 2022
External Debt: % of GDP (%) 37.0 Sep 2022 quarterly Mar 2005 - Sep 2022
External Debt: Short Term (USD mn) 76,389.7 Sep 2022 quarterly Mar 1999 - Sep 2022
External Debt: Short Term: % of GDP (%) 14.8 2021 yearly 1980 - 2021
Forecast: Current Account Balance (USD bn) 24.316 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 19,013.290 Sep 2022 quarterly Mar 2012 - Sep 2022
BOP: USD: Current Account Balance (USD mn) 1,102.010 Dec 2022 monthly Jan 2005 - Dec 2022
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Financial & Insurance Activities (THB mn) 26,392.170 Sep 2022 quarterly Mar 2005 - Sep 2022
FDI: Manufacturing (THB mn) 30,604.360 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 40.270 Sep 2022 quarterly Mar 2005 - Sep 2022
FDI: Construction (THB mn) 830.090 Sep 2022 quarterly Mar 2005 - Sep 2022
FDI: Mining & Quarrying (THB mn) -323.750 Sep 2022 quarterly Mar 2005 - Sep 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.8 Sep 2022 quarterly Mar 2003 - Sep 2022
Non-Performing Loans (USD mn) 13,323.244 Sep 2022 quarterly Mar 1998 - Sep 2022
Money Supply M1 (USD mn) 85,941.139 Dec 2022 monthly Dec 1975 - Dec 2022
Money Supply M2 (USD mn) 722,874.530 Dec 2022 monthly Jan 1997 - Dec 2022
M2 Growth (%) 3.9 Dec 2022 monthly Jan 1998 - Dec 2022
Reserve Requirement Ratio (%) 1.0 Jan 2023 monthly Sep 1997 - Jan 2023
Foreign Exchange Reserves (USD mn) 195,582.2 Dec 2022 monthly Jan 1993 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 8.6 Dec 2022 monthly Jan 1991 - Dec 2022
Gold Reserves (USD mn) 14,322.870 Dec 2022 monthly Dec 1956 - Dec 2022
Total Deposits (USD mn) 486,753.630 Nov 2022 monthly Dec 2000 - Nov 2022
Total Deposits Growth (%) 4.8 Nov 2022 monthly Dec 2001 - Nov 2022
Domestic Credit (USD mn) 734,934.0 Dec 2022 monthly Jan 2003 - Dec 2022
Domestic Credit Growth (%) 4.2 Dec 2022 monthly Jan 2004 - Dec 2022
Debt Service Ratio: Private Non-Financial Sector (%) 14.300 Jun 2022 quarterly Mar 1999 - Jun 2022
Credit to Households (USD bn) 420.717 Jun 2022 quarterly Dec 1991 - Jun 2022
Credit to Private Non-Financial Sector (USD bn) 840.077 Jun 2022 quarterly Mar 1957 - Jun 2022
Household Debt (USD mn) 394,996.4 Sep 2022 quarterly Mar 2003 - Sep 2022
Total Loans (USD mn) 496,629.297 Nov 2022 monthly Jan 2007 - Nov 2022
Total Loans Growth (%) 2.98 Nov 2022 monthly Jan 2008 - Nov 2022
Private Debt: % of Nominal GDP (%) 164.71 Sep 2022 quarterly Mar 2011 - Sep 2022
Monetary Aggregates (MA): Broad Money (THB mn) 25,004,230.000 Dec 2022 monthly Jan 1997 - Dec 2022
MA: Quasi Money (THB mn) 22,031,526.000 Dec 2022 monthly Jan 1997 - Dec 2022
MA: Narrow Money (NM) (THB mn) 2,972,704.000 Dec 2022 monthly Jan 1997 - Dec 2022
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 5.2 Jan 2023 monthly Feb 2000 - Jan 2023
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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