Thailand Market Capitalization: % of GDP

1975 - 2023 | Yearly | % | CEIC Data

Key information about Thailand Market Capitalization: % of GDP

  • Thailand Market Capitalization accounted for 104.0 % of its Nominal GDP in Dec 2023, compared with a percentage of 119.3 % in the previous year
  • Thailand Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1975 to Dec 2023
  • The data reached an all-time high of 120.9 % in Dec 2021 and a record low of 1.7 % in Dec 1975

CEIC calculates Market Capitalization as % of Nominal GDP from annual Market Capitalization and annual Nominal GDP. Market Capitalization is calculated as the sum of the Market Capitalizations of Common and Preferred Stocks. The Stock Exchange of Thailand provides Market Capitalization in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency based on SNA 1993. Nominal GDP prior to 1990 is based on SNA 1968.


Further information about Thailand Market Capitalization: % of GDP

  • In the latest reports, Approach 2 recorded a daily P/E ratio of 17.7 in Feb 2026
  • SET closed at 1,325.6 points in Jan 2026

View Thailand's Market Capitalization: % of GDP from 1975 to 2023 in the chart:

Thailand Market Capitalization: % of GDP

What was Thailand's Market Capitalization: % of GDP in 2023?

Thailand Market Capitalization accounted for 104.0 % of its Nominal GDP in Dec 2023, compared with a percentage of 119.3 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
104.0 2023 119.3 2022 1.7 1975 120.9 2021 % yearly 1975 - 2023

Market Capitalization: % of GDP by Country Comparison

country/region Last Frequency Range
Algeria (%) 1.4 2024 yearly 1999 - 2024
Argentina (%) 34.7 2020 yearly 2004 - 2020
Armenia (%) 4.3 2024 yearly 2001 - 2024
Australia (%) 114.9 2025 yearly 1985 - 2025
Austria (%) 25.5 2024 yearly 2002 - 2024
Bahrain (%) 44.7 2023 yearly 2002 - 2023
Bangladesh (%) 6.0 2025 yearly 2006 - 2025
Belarus (%) 2.6 2016 yearly 2011 - 2016
Belgium (%) 103.6 2024 yearly 1975 - 2024
Bolivia (%) 16.4 2012 yearly 1994 - 2012
Bosnia and Herzegovina (%) 20.2 2022 yearly 2008 - 2022
Botswana (%) 20.5 2024 yearly 2003 - 2024
Brazil (%) 34.7 2024 yearly 1980 - 2024
Bulgaria (%) 8.5 2024 yearly 1999 - 2024
Canada (%) 157.8 2024 yearly 1977 - 2024
Chile (%) 54.6 2024 yearly 2003 - 2024
China (%) 77.1 2025 yearly 1995 - 2025
Colombia (%) 26.7 2025 yearly 2005 - 2025
Croatia (%) 33.7 2024 yearly 1994 - 2024
Cyprus (%) 50.0 2025 yearly 2004 - 2025
Czech Republic (%) 296.5 2025 yearly 1995 - 2025
Denmark (%) 127.7 2025 yearly 2006 - 2025
Ecuador (%) 7.2 2024 yearly 2000 - 2024
Egypt (%) 15.1 Jan 2026 monthly Jun 2004 - Jan 2026
Estonia (%) 11.6 2025 yearly 2000 - 2025
European Union (%) 53.9 2018 yearly 1975 - 2018
Finland (%) 88.5 2024 yearly 1992 - 2024
France (%) 103.3 2024 yearly 1975 - 2024
Georgia (%) 0.1 2016 yearly 2000 - 2016
Germany (%) 55.2 2025 yearly 1975 - 2025
Ghana (%) 9.5 2024 yearly 2008 - 2024
Greece (%) 58.9 2025 yearly 2008 - 2025
Hong Kong SAR, China (%) 1,420.3 2025 yearly 1985 - 2025
Hungary (%) 21.3 2024 yearly 2002 - 2024
Iceland (%) 50.1 2025 yearly 1994 - 2025
India (%) 137.7 2025 yearly 1993 - 2025
Indonesia (%) 66.4 2025 yearly 2010 - 2025
Iran (%) 50.0 2022 yearly 2005 - 2022
Ireland (%) 24.7 2022 yearly 1997 - 2022
Israel (%) 61.6 2024 yearly 2002 - 2024
Italy (%) 31.3 2022 yearly 1998 - 2022
Ivory Coast (%) 19.1 2024 yearly 1993 - 2024
Japan (%) 179.9 2025 yearly 1955 - 2025
Jordan (%) 42.4 2024 yearly 1978 - 2024
Kazakhstan (%) 21.6 2024 yearly 1998 - 2024
Kenya (%) 12.0 2024 yearly 2006 - 2024
South Korea (%) 90.1 2024 yearly 1997 - 2024
Kuwait (%) 88.3 2024 yearly 2000 - 2024
Kyrgyzstan (%) 11.1 2025 yearly 2009 - 2025
Latvia (%) 1.0 2024 yearly 2000 - 2024
Lebanon (%) 10.3 2023 yearly 2004 - 2023
Lithuania (%) 6.7 2025 yearly 1995 - 2025
Luxembourg (%) 44.9 2024 yearly 1975 - 2024
North Macedonia (%) 37.0 2024 yearly 2004 - 2024
Malawi (%) 129.6 Jan 2026 monthly Jan 2004 - Jan 2026
Malaysia (%) 95.4 2025 yearly 1981 - 2025
Malta (%) 22.3 2023 yearly 2002 - 2023
Mauritius (%) 45.8 2024 yearly 1999 - 2024
Mexico (%) 31.2 2025 yearly 1993 - 2025
Mongolia (%) 15.4 2025 yearly 1998 - 2025
Montenegro (%) 50.1 2024 yearly 2003 - 2024
Morocco (%) 47.1 2024 yearly 1992 - 2024
Mozambique (%) 14.6 2024 yearly 1999 - 2024
Nepal (%) 79.9 2025 yearly 2001 - 2025
Netherlands (%) 136.2 2024 yearly 1975 - 2024
New Zealand (%) 35.7 2024 yearly 1985 - 2024
Nigeria (%) 15.1 2025 yearly 1985 - 2025
Norway (%) 76.3 2025 yearly 1981 - 2025
Oman (%) 56.1 2024 yearly 2003 - 2024
Pakistan (%) 13.4 2025 yearly 2000 - 2025
Palestinian Territory (%) 25.5 2024 yearly 1999 - 2024
Panama (%) 21.1 2024 yearly 1993 - 2024
Paraguay (%) 3.5 1999 yearly 1996 - 1999
Peru (%) 74.1 2025 yearly 1992 - 2025
Philippines (%) 66.9 2025 yearly 1970 - 2025
Poland (%) 62.6 2025 yearly 2007 - 2025
Portugal (%) 30.1 2025 yearly 1997 - 2025
Qatar (%) 78.6 2024 yearly 1997 - 2024
Romania (%) 27.4 2025 yearly 1995 - 2025
Russia (%) 3.6 2025 yearly 1997 - 2025
Saudi Arabia (%) 216.9 2024 yearly 1996 - 2024
Serbia (%) 4.9 2025 yearly 2004 - 2025
Singapore (%) 134.2 2025 yearly 1979 - 2025
Slovakia (%) 1.8 2025 yearly 2001 - 2025
Slovenia (%) 25.0 2025 yearly 1997 - 2025
South Africa (%) 320.1 2022 yearly 1975 - 2022
Spain (%) 77.3 2024 yearly 1995 - 2024
Sri Lanka (%) 19.0 2024 yearly 1991 - 2024
Sudan (%) 0.9 2021 yearly 2002 - 2021
Sweden (%) 186.7 2025 yearly 2006 - 2025
Switzerland (%) 200.8 2025 yearly 2000 - 2025
Syria (%) 5.9 2022 yearly 2010 - 2022
Taiwan, China (%) 328.8 2025 yearly 1962 - 2025
Thailand (%) 104.0 2023 yearly 1975 - 2023
Tunisia (%) 16.6 2024 yearly 1995 - 2024
Turkey (%) 27.8 2025 yearly 1998 - 2025
Ukraine (%) 3.4 2018 yearly 2010 - 2018
United Arab Emirates (%) 188.9 2024 yearly 2002 - 2024
United Kingdom (%) 97.5 2025 yearly 1999 - 2025
United States (%) 216.3 2024 yearly 1975 - 2024

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.5 Dec 2025 quarterly Sep 2002 - Dec 2025
Consolidated Fiscal Balance (USD mn) -1,173.461 Jan 2026 monthly Oct 2001 - Jan 2026
Tax Revenue (USD mn) 68,755.587 2024 yearly 1984 - 2024
Tax Revenue: % of GDP (%) 13.1 2024 yearly 1990 - 2024
National Government Debt (USD mn) 358,947.0 Jan 2026 monthly Oct 1997 - Jan 2026
Government Debt: % of GDP (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Forecast: Government Expenditure (THB bn) 5,245.892 2030 yearly 1995 - 2030
Forecast: Government Net Debt (THB bn) 15,433.076 2030 yearly 1996 - 2030
Forecast: Government Revenue (THB bn) 4,709.205 2030 yearly 1995 - 2030
Total Public Debt as % of GDP (%) 65.960 Jan 2026 monthly Jan 2005 - Jan 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 (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,303.4 Jan 2026 monthly Jan 1957 - Jan 2026
Total Exports (USD mn) 31,573.1 Jan 2026 monthly Oct 1990 - Jan 2026
Total Exports Growth (%) 13.3 Jan 2026 monthly Oct 1991 - Jan 2026
Aluminum: Exports (USD th) 1,786,225.975 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 538,858.502 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 138,487.036 2024 yearly 1995 - 2024
Total Imports (USD mn) 34,876.5 Jan 2026 monthly Jan 1991 - Jan 2026
Total Imports Growth (%) 17.8 Jan 2026 monthly Jan 1992 - Jan 2026
Imports: Medicament (USD th) 2,168,687.079 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 1,222,461.547 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,835.970 Jan 2026 monthly Jan 1971 - Jan 2026
Total Imports from USA (USD mn) 2,062.158 Jan 2026 monthly Jan 1971 - Jan 2026
Total Exports to China (USD mn) 3,430.132 Jan 2026 monthly Sep 1978 - Jan 2026
Total Imports from China (USD mn) 10,653.947 Jan 2026 monthly Apr 1974 - Jan 2026
MoC: Exports: Custom Basis (THB mn) 980,744.403 Jan 2026 monthly Oct 1990 - Jan 2026
MoC: Trade Balance: Custom Basis (THB mn) -116,700.218 Jan 2026 monthly Jan 1991 - Jan 2026
MoC: Imports: Custom Basis (THB mn) 1,097,444.621 Jan 2026 monthly Jan 1991 - Jan 2026
Imports Volume: Liquefied Natural Gas (Cub ft mn) 44,293.669 Dec 2025 monthly Jan 2010 - Dec 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,079.7 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 723.8 Jan 2026 monthly Jan 1985 - Jan 2026
Current Account Balance: % of GDP (%) 0.6 Dec 2025 quarterly Mar 1993 - Dec 2025
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 2.8 Sep 2025 quarterly Mar 1993 - Sep 2025
Foreign Portfolio Investment (USD mn) 149.210 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.1 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 117.9 Sep 2025 quarterly Mar 1976 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 31.300 Sep 2025 quarterly Mar 1976 - Sep 2025
External Debt (USD mn) 203,014.5 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: % of GDP (%) 34.9 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Short Term (USD mn) 85,654.4 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: Short Term: % of GDP (%) 16.3 2024 yearly 1980 - 2024
Forecast: Current Account Balance (USD bn) 17.404 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 97,684.510 Sep 2025 quarterly Mar 2012 - Sep 2025
BOP: USD: Current Account Balance (USD mn) 723.820 Jan 2026 monthly Jan 2005 - Jan 2026
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.4 Sep 2025 quarterly Mar 2003 - Sep 2025
Non-Performing Loans (USD mn) 16,142.553 Dec 2025 quarterly Mar 1998 - Dec 2025
Money Supply M1 (USD mn) 112,231.439 Jan 2026 monthly Dec 1975 - Jan 2026
Money Supply M2 (USD mn) 876,894.062 Jan 2026 monthly Jan 1997 - Jan 2026
M2 Growth (%) 4.2 Jan 2026 monthly Jan 1998 - Jan 2026
Reserve Requirement Ratio (%) 1.0 Feb 2026 monthly Sep 1997 - Feb 2026
Foreign Exchange Reserves (USD mn) 247,182.8 Feb 2026 monthly Jan 1993 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 7.1 Jan 2026 monthly Jan 1991 - Jan 2026
Gold Reserves (USD mn) 39,807.890 Feb 2026 monthly Dec 1956 - Feb 2026
Total Deposits (USD mn) 573,199.524 Dec 2025 monthly Dec 2000 - Dec 2025
Total Deposits Growth (%) 2.4 Dec 2025 monthly Dec 2001 - Dec 2025
Domestic Credit (USD mn) 883,800.4 Jan 2026 monthly Jan 2003 - Jan 2026
Domestic Credit Growth (%) 3.0 Jan 2026 monthly Jan 2004 - Jan 2026
Debt Service Ratio: Private Non-Financial Sector (%) 14.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 506.230 Jun 2025 quarterly Dec 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 946.456 Jun 2025 quarterly Mar 1957 - Jun 2025
Household Debt (USD mn) 502,273.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Total Loans (USD mn) 566,476.469 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) -1.79 Jan 2026 monthly Jan 2004 - Jan 2026
Private Debt: % of Nominal GDP (%) 161.75 Dec 2025 quarterly Mar 2011 - Dec 2025
Private Credits (THB mn) 30,620,206.000 Jan 2026 monthly Jan 2011 - Jan 2026
Credit: Outs: CB: Businesses (THB mn) 6,504,601.000 Dec 2025 monthly Jan 2004 - Dec 2025
Credit: Outs: CB: Individuals (THB mn) 6,087,416.000 Dec 2025 monthly Jan 2004 - Dec 2025
Deposit: Outs: CB: Businesses (THB mn) 5,893,633.000 Dec 2025 monthly Oct 2003 - Dec 2025
Deposit: Outs: CB: Individuals (THB mn) 9,051,757.000 Dec 2025 monthly Oct 2003 - Dec 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 1.4 Feb 2026 monthly Feb 2000 - Feb 2026
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 52.700 Dec 2025 monthly Jan 2013 - Dec 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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