Thailand Government Debt: % of GDP

1997 - 2023 | Quarterly | % | CEIC Data

Key information about Thailand Government Debt: % of GDP

  • Thailand Government debt accounted for 54.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 54.9 % in the previous quarter.
  • Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Dec 2023.
  • The data reached an all-time high of 54.9 % in Sep 2023 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 277.8 USD bn in Nov 2023.
  • The country's Nominal GDP reached 132.0 USD bn in Mar 2023.

View Thailand's Government Debt: % of GDP from Dec 1997 to Dec 2023 in the chart:

Thailand Government Debt: % of GDP

What was Thailand's Government Debt: % of GDP in Dec 2023?

Thailand Government debt accounted for 54.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 54.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
54.3 Dec 2023 54.9 Sep 2023 5.7 Mar 1998 54.9 Sep 2023 % quarterly Dec 1997 - Dec 2023

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 47.6 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 50.4 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 38.1 2023 yearly 1999 - 2023
Austria (%) 77.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 93.6 Dec 2023 quarterly Dec 2007 - Dec 2023
Bangladesh (%) 23.6 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 105.2 Dec 2023 quarterly Dec 1980 - Dec 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 75.7 Mar 2024 quarterly Dec 2006 - Mar 2024
Bulgaria (%) 23.1 Dec 2023 quarterly Mar 2007 - Dec 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 67.8 2023 yearly 1962 - 2023
Chile (%) 39.9 Dec 2023 quarterly Mar 2002 - Dec 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 59.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 77.3 Dec 2023 quarterly Dec 2010 - Dec 2023
Czech Republic (%) 44.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Denmark (%) 29.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Ecuador (%) 67.0 Dec 2023 quarterly Dec 2005 - Dec 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 19.6 Dec 2023 quarterly Mar 2000 - Dec 2023
European Union (%) 81.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Finland (%) 75.8 Dec 2023 quarterly Mar 2000 - Dec 2023
France (%) 1.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 39.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Germany (%) 63.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 161.9 Dec 2023 quarterly Dec 1999 - Dec 2023
Hong Kong SAR, China (%) 50.1 2023 yearly 2003 - 2023
Hungary (%) 69.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Iceland (%) 64.8 2023 yearly 1998 - 2023
India (%) 59.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Indonesia (%) 39.1 Mar 2024 quarterly Jun 2015 - Mar 2024
Iran (%) 8.3 Sep 2023 quarterly Mar 1998 - Sep 2023
Ireland (%) 43.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.3 Dec 2023 quarterly Dec 1994 - Dec 2023
Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 21.5 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 48.9 Dec 2023 quarterly Sep 2002 - Dec 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 45.6 Dec 2023 quarterly Mar 2011 - Dec 2023
Latvia (%) 43.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Luxembourg (%) 25.7 Dec 2023 quarterly Dec 1997 - Dec 2023
North Macedonia (%) 53.1 Dec 2023 quarterly Dec 2009 - Dec 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 64.3 Dec 2023 quarterly Dec 2010 - Dec 2023
Malta (%) 50.4 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 49.7 Dec 2023 quarterly Dec 2005 - Dec 2023
Moldova (%) 34.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 46.5 Dec 2023 quarterly Dec 1999 - Dec 2023
New Zealand (%) 38.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Nigeria (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 115.0 Dec 2023 quarterly Dec 2010 - Dec 2023
Panama (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
Paraguay (%) 34.8 Dec 2023 quarterly Dec 2014 - Dec 2023
Peru (%) 32.9 Dec 2023 quarterly Mar 1999 - Dec 2023
Philippines (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Poland (%) 49.8 Dec 2023 quarterly Dec 2002 - Dec 2023
Portugal (%) 99.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.8 Dec 2023 quarterly Dec 2011 - Dec 2023
Russia (%) 14.9 Dec 2023 quarterly Dec 2011 - Dec 2023
Saudi Arabia (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 2023
Serbia (%) 52.0 Dec 2023 quarterly Sep 2004 - Dec 2023
Singapore (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Slovakia (%) 56.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Slovenia (%) 69.2 Dec 2023 quarterly Dec 1999 - Dec 2023
South Africa (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
Spain (%) 107.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Sri Lanka (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 32.3 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 25.3 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 29.5 Dec 2023 quarterly Dec 2001 - Dec 2023
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Thailand Key Series

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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) 5,458.700 Mar 2024 monthly Oct 2001 - Mar 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) 277,807.4 Mar 2024 monthly Oct 1997 - Mar 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
Total Public Debt as % of GDP (%) 63.370 Mar 2024 monthly Jan 2005 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,163.3 Mar 2024 monthly Jan 1957 - Mar 2024
Total Exports (USD mn) 24,960.6 Mar 2024 monthly Oct 1990 - Mar 2024
Total Exports Growth (%) -6.6 Mar 2024 monthly Oct 1991 - Mar 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) 26,123.8 Mar 2024 monthly Jan 1991 - Mar 2024
Total Imports Growth (%) 10.7 Mar 2024 monthly Jan 1992 - Mar 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) 4,635.400 Mar 2024 monthly Jan 1971 - Mar 2024
Total Imports from USA (USD mn) 1,694.729 Mar 2024 monthly Jan 1971 - Mar 2024
Total Exports to China (USD mn) 2,794.508 Mar 2024 monthly Sep 1978 - Mar 2024
Total Imports from China (USD mn) 5,631.694 Feb 2024 monthly Apr 1974 - Feb 2024
MoC: Exports: Custom Basis (THB mn) 892,289.821 Mar 2024 monthly Oct 1990 - Mar 2024
MoC: Trade Balance: Custom Basis (THB mn) -52,538.072 Mar 2024 monthly Jan 1991 - Mar 2024
MoC: Imports: Custom Basis (THB mn) 944,827.893 Mar 2024 monthly Jan 1991 - Mar 2024
Imports Volume: Liquefied Natural Gas (Cub ft mn) 48,436.350 Mar 2024 monthly Jan 2010 - Mar 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) 1,082.1 Mar 2024 monthly Jan 1985 - Mar 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) 1,082.130 Mar 2024 monthly Jan 2005 - Mar 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) -163.140 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Manufacturing (THB mn) 10,477.880 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Mining & Quarrying (THB mn) 3,484.020 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Financial & Insurance Activities (THB mn) -31,607.400 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 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) 86,412.999 Mar 2024 monthly Dec 1975 - Mar 2024
Money Supply M2 (USD mn) 712,203.443 Mar 2024 monthly Jan 1997 - Mar 2024
M2 Growth (%) 2.5 Mar 2024 monthly Jan 1998 - Mar 2024
Reserve Requirement Ratio (%) 1.0 Apr 2024 monthly Sep 1997 - Apr 2024
Foreign Exchange Reserves (USD mn) 199,906.3 Mar 2024 monthly Jan 1993 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 7.7 Mar 2024 monthly Jan 1991 - Mar 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) 734,126.5 Mar 2024 monthly Jan 2003 - Mar 2024
Domestic Credit Growth (%) 3.5 Mar 2024 monthly Jan 2004 - Mar 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: Narrow Money (NM) (THB mn) 3,137,656.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Quasi Money (THB mn) 22,722,451.000 Mar 2024 monthly Jan 1997 - Mar 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,860,107.000 Mar 2024 monthly Jan 1997 - Mar 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) -5.6 Apr 2024 monthly Feb 2000 - Apr 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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