Thailand Government Debt: % of GDP
1997 - 2020 | Quarterly | % | CEIC Data
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.
In the latest reports, Thailand National Government Debt reached 240.6 USD bn in Feb 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:
What was Thailand's Government Debt: % of GDP in Dec 2020?
| 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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Includes Government Debt: % of GDP on 107 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 73.1 Dec 2020 | quarterly | Sep 2010 - Dec 2020 |
| Algeria (%) | 36.3 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 (%) | 43.2 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 (%) | 23.0 2019 | yearly | 2007 - 2019 |
| 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 (%) | 54.0 2020 | yearly | 1962 - 2020 |
| 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 (%) | 41.9 2020 | yearly | 2003 - 2020 |
| Hungary (%) | 78.5 Dec 2020 | quarterly | Dec 1990 - Dec 2020 |
| Iceland (%) | 68.3 2019 | yearly | 1998 - 2019 |
| 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 (%) | 65.0 2019 | yearly | 1994 - 2019 |
| Nepal (%) | 30.3 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 (%) | 55.2 2019 | yearly | 1990 - 2019 |
| Pakistan (%) | 83.3 2019 | yearly | 2000 - 2019 |
| 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 (%) | 133.6 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| 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 (%) | 120.0 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| 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 (%) | 32.7 2019 | yearly | 1996 - 2019 |
| Tajikistan (%) | 45.5 2020 | yearly | 1999 - 2020 |
| Thailand (%) | 44.9 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Tunisia (%) | 77.1 Dec 2018 | monthly | Apr 2011 - Dec 2018 |
| 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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| 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) | 73,076.825 2019 | yearly | 1984 - 2019 |
| Tax Revenue: % of GDP (%) | 13.7 2019 | yearly | 1990 - 2019 |
| National Government Debt (USD mn) | 236,163.7 Mar 2021 | monthly | Oct 1997 - Mar 2021 |
| Government Debt: % of GDP (%) | 44.9 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Forecast: Government Expenditure (THB bn) | 4,676.070 2026 | yearly | 1995 - 2026 |
| Forecast: Government Net Debt (THB bn) | 10,421.130 2026 | yearly | 1996 - 2026 |
| Forecast: Government Revenue (THB bn) | 4,449.600 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 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.271 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | 710.8 Mar 2021 | monthly | Jan 1957 - Mar 2021 |
| Total Exports (USD mn) | 24,222.5 Mar 2021 | monthly | Oct 1990 - Mar 2021 |
| Total Exports Growth (%) | 4.1 Mar 2021 | monthly | Oct 1991 - Mar 2021 |
| Aluminum: Exports (USD th) | 504,377.939 2019 | yearly | 1995 - 2019 |
| Exports: Medicament (USD th) | 459,907.614 2019 | yearly | 1995 - 2019 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 214,981.304 2019 | yearly | 1995 - 2019 |
| Total Imports (USD mn) | 23,511.6 Mar 2021 | monthly | Jan 1991 - Mar 2021 |
| Total Imports Growth (%) | 9.5 Mar 2021 | monthly | Jan 1992 - Mar 2021 |
| Imports: Medicament (USD th) | 1,620,278.206 2019 | yearly | 1995 - 2019 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 951,407.532 2019 | yearly | 1995 - 2019 |
| 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) | 3,109.229 Mar 2021 | monthly | Sep 1978 - Mar 2021 |
| Total Imports from China (USD mn) | 4,965.324 Mar 2021 | monthly | Apr 1974 - Mar 2021 |
| MoC: Exports: Custom Basis (THB mn) | 719,050.842 Mar 2021 | monthly | Oct 1990 - Mar 2021 |
| MoC: Imports: Custom Basis (THB mn) | 708,095.569 Mar 2021 | monthly | Jan 1991 - Mar 2021 |
| MoC: Trade Balance: Custom Basis (THB mn) | 10,955.273 Mar 2021 | monthly | Jan 1991 - Mar 2021 |
| Exports: Mfg: Electronics: Computer Parts (THB mn) | 32,168.030 Feb 2021 | monthly | Jan 1995 - Feb 2021 |
| Imports: RM: Non-Agro: Base Metal Materials (THB mn) | 73,641.800 Mar 2021 | monthly | Jan 1995 - Mar 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 3,064.6 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Current Account Balance (USD mn) | -806.2 Mar 2021 | monthly | Jan 1985 - Mar 2021 |
| Current Account Balance: % of GDP (%) | -1.0 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Foreign Direct Investment (USD mn) | -517.0 Jul 2020 | monthly | Jan 2005 - Jul 2020 |
| Foreign Direct Investment: % of GDP (%) | -0.0 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 1,098.6 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
| Foreign Portfolio Investment: % of GDP (%) | 1.3 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Foreign Portfolio Investment (USD mn) | 1,793.030 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 694.430 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
| External Debt (USD mn) | 190,009.7 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| External Debt: % of GDP (%) | 36.7 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| External Debt: Short Term (USD mn) | 74,813.8 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| External Debt: Short Term: % of GDP (%) | 14.9 2020 | yearly | 1980 - 2020 |
| Forecast: Current Account Balance (USD bn) | 22.771 2026 | yearly | 1980 - 2026 |
| Net International Investment Position (USD mn) | 54,978.590 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| BOP: USD: Net errors & omissions (USD mn) | 611.010 Jul 2020 | monthly | Jan 2005 - Jul 2020 |
| BOP: USD: Current Account Balance (USD mn) | -806.160 Mar 2021 | monthly | Jan 2005 - Mar 2021 |
| BOP: USD: Capital Account (USD mn) | 0.000 Jul 2020 | monthly | Jan 2009 - Jul 2020 |
| BOP: USD: Financial Account (FA) (USD mn) | -361.000 Aug 2020 | monthly | Jan 2005 - Aug 2020 |
| 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) | 70.320 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| FDI: Mining & Quarrying (THB mn) | -3,392.160 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| FDI: Manufacturing (THB mn) | 39,009.030 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| FDI: Construction (THB mn) | 216.030 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| FDI: Financial & Insurance Activities (THB mn) | -291,670.500 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| 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) | 16,277.003 Sep 2020 | quarterly | Mar 1998 - Sep 2020 |
| Money Supply M1 (USD mn) | 83,724.608 Mar 2021 | monthly | Dec 1975 - Mar 2021 |
| Money Supply M2 (USD mn) | 736,398.368 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| M2 Growth (%) | 5.3 Mar 2021 | monthly | Jan 1998 - Mar 2021 |
| Reserve Requirement Ratio (%) | 1.0 Apr 2021 | monthly | Sep 1997 - Apr 2021 |
| Foreign Exchange Reserves (USD mn) | 234,430.1 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 10.0 Mar 2021 | monthly | Jan 1991 - Mar 2021 |
| Gold Reserves (USD mn) | 8,444.960 Mar 2021 | monthly | Dec 1956 - Mar 2021 |
| Total Deposits Growth (%) | 9.7 Feb 2021 | monthly | Dec 2001 - Feb 2021 |
| Total Deposits (USD mn) | 516,680.926 Feb 2021 | monthly | Dec 2000 - Feb 2021 |
| Domestic Credit (USD mn) | 728,600.2 Mar 2021 | monthly | Jan 2003 - Mar 2021 |
| Domestic Credit Growth (%) | 8.2 Mar 2021 | monthly | Jan 2004 - Mar 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 10.400 Sep 2020 | quarterly | Mar 1999 - Sep 2020 |
| Credit to Households (USD bn) | 378.512 Sep 2020 | quarterly | Dec 1991 - Sep 2020 |
| Credit to Private Non-Financial Sector (USD bn) | 637.497 Sep 2020 | quarterly | Mar 1957 - Sep 2020 |
| Household Debt (USD mn) | 467,046.3 Dec 2020 | quarterly | Mar 2003 - Dec 2020 |
| Total Loans (USD mn) | 538,167.269 Feb 2021 | monthly | Jan 2007 - Feb 2021 |
| Total Loans Growth (%) | 8.91 Feb 2021 | monthly | Jan 2008 - Feb 2021 |
| Private Debt: % of Nominal GDP (%) | 167.03 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Monetary Aggregates (MA): Broad Money (THB mn) | 23,012,449.000 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| MA: Narrow Money (NM) (THB mn) | 2,616,394.000 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| MA: Quasi Money (THB mn) | 20,396,056.000 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Global Competitiveness Index (Score) | 68.112 2019 | yearly | 2017 - 2019 |
| Business Confidence: Net Balance (% Point) | 0.2 Mar 2021 | monthly | Feb 1999 - Mar 2021 |
| 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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