Thailand Real GDP Growth

1994 - 2020 | Quarterly | % | CEIC Data

Key information about Thailand Real GDP Growth

  • The Gross Domestic Product (GDP) in Thailand contracted 4.2 % YoY in Dec 2020, following a negative growth of 6.4 % in the previous quarter.
  • Real GDP Growth YoY data in Thailand is updated quarterly, available from Mar 1994 to Dec 2020, with an average rate of 3.8 %.
  • The data reached an all-time high of 15.3 % in Dec 2012 and a record low of -12.2 % in Jun 1998.
CEIC calculates Real GDP Growth from quarterly Real GDP. National Economic and Social Development Council provides Real GDP in local currency, at chain linked 2002 prices.


Related information about Thailand Real GDP Growth

  • In the latest reports, Nominal GDP of Thailand reached 130.9 USD bn in Dec 2020.
  • Its GDP deflator (implicit price deflator) fell 0.5 % in Dec 2020.
  • GDP Per Capita in Thailand reached 7,550.0 USD in Dec 2020.
  • Its Gross Savings Rate was measured at 26.5 % in Sep 2021.
  • For Nominal GDP contributions, Investment accounted for 28.2 % in Sep 2021.
  • Public Consumption accounted for 20.3 % in Sep 2021.
  • Private Consumption accounted for 53.2 % in Sep 2021.

View Thailand's Real GDP Growth from Mar 1994 to Dec 2020 in the chart:

Thailand Real GDP Growth

What was Thailand's Real GDP Growth in Dec 2020?

The Gross Domestic Product (GDP) in Thailand contracted 4.2 % YoY in Dec 2020, following a negative growth of 6.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-4.2 Dec 2020 -6.4 Sep 2020 -12.2 Jun 1998 15.3 Dec 2012 % quarterly Mar 1994 - Dec 2020

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 3.0 Dec 2020 quarterly Mar 2010 - Dec 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -4.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Armenia (%) -8.8 Dec 2020 quarterly Mar 2001 - Dec 2020
Australia (%) -1.1 Dec 2020 quarterly Sep 1960 - Dec 2020
Austria (%) -5.9 Dec 2020 quarterly Mar 1989 - Dec 2020
Azerbaijan (%) -6.1 Dec 2020 quarterly Mar 2001 - Dec 2020
Bahrain (%) 2.1 Sep 2021 quarterly Mar 2009 - Sep 2021
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -0.2 Dec 2020 quarterly Mar 2006 - Dec 2020
Belgium (%) 4.9 Sep 2021 quarterly Mar 1996 - Sep 2021
Bolivia (%) -21.7 Jun 2020 quarterly Mar 1991 - Jun 2020
Bosnia and Herzegovina (%) -3.8 Dec 2020 quarterly Mar 2009 - Dec 2020
Botswana (%) -4.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Brazil (%) -1.2 Dec 2020 quarterly Mar 1997 - Dec 2020
Brunei (%) -1.4 Dec 2020 quarterly Mar 2005 - Dec 2020
Bulgaria (%) -3.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Cambodia (%) 7.1 2019 yearly 1994 - 2019
Canada (%) -3.2 Dec 2020 quarterly Mar 1962 - Dec 2020
Chile (%) -0.1 Dec 2020 quarterly Mar 1987 - Dec 2020
China (%) 18.3 Mar 2021 quarterly Mar 1992 - Mar 2021
Colombia (%) -3.5 Dec 2020 quarterly Mar 2001 - Dec 2020
Croatia (%) -7.0 Dec 2020 quarterly Mar 1996 - Dec 2020
Cyprus (%) -4.5 Dec 2020 quarterly Mar 1996 - Dec 2020
Czech Republic (%) -4.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Denmark (%) -1.5 Dec 2020 quarterly Mar 1992 - Dec 2020
Ecuador (%) -7.2 Dec 2020 quarterly Mar 1994 - Dec 2020
Egypt (%) 2.0 Dec 2020 quarterly Sep 2002 - Dec 2020
Estonia (%) -1.9 Dec 2020 quarterly Mar 1996 - Dec 2020
European Union (%) -1.7 Mar 2021 quarterly Mar 1996 - Mar 2021
Finland (%) -1.7 Dec 2020 quarterly Mar 1976 - Dec 2020
France (%) 1.5 Mar 2021 quarterly Mar 1950 - Mar 2021
Georgia (%) -6.8 Dec 2020 quarterly Mar 1998 - Dec 2020
Germany (%) 2.6 Sep 2021 quarterly Mar 1992 - Sep 2021
Ghana (%) 0.8 Dec 2020 quarterly Jun 2006 - Dec 2020
Greece (%) -7.9 Dec 2020 quarterly Mar 1996 - Dec 2020
Hong Kong SAR, China (%) -2.9 Dec 2020 quarterly Mar 1991 - Dec 2020
Hungary (%) -4.1 Dec 2020 quarterly Mar 1996 - Dec 2020
Iceland (%) -5.9 Dec 2020 quarterly Mar 1996 - Dec 2020
India (%) 0.4 Dec 2020 quarterly Jun 2005 - Dec 2020
Indonesia (%) -0.7 Mar 2021 quarterly Mar 1994 - Mar 2021
Iran (%) 4.8 Sep 2020 quarterly Jun 1989 - Sep 2020
Ireland (%) -0.2 Dec 2020 quarterly Mar 1996 - Dec 2020
Israel (%) -0.7 Dec 2020 quarterly Mar 1996 - Dec 2020
Italy (%) -1.5 Mar 2021 quarterly Mar 1982 - Mar 2021
Ivory Coast (%) 7.4 2018 yearly 1966 - 2018
Japan (%) -1.3 Dec 2020 quarterly Mar 1956 - Dec 2020
Jordan (%) -1.6 Dec 2020 quarterly Mar 1993 - Dec 2020
Kazakhstan (%) -4.9 Sep 2020 quarterly Mar 2006 - Sep 2020
Kenya (%) -1.9 Sep 2020 quarterly Mar 2010 - Sep 2020
South Korea (%) 1.7 Mar 2021 quarterly Mar 1961 - Mar 2021
Kosovo (%) 5.6 Mar 2021 quarterly Mar 2011 - Mar 2021
Kuwait (%) 1.2 Sep 2020 quarterly Jun 2010 - Sep 2020
Kyrgyzstan (%) -8.6 Dec 2020 quarterly Mar 2007 - Dec 2020
Laos (%) 5.5 2019 yearly 2003 - 2019
Latvia (%) -2.1 Mar 2021 quarterly Mar 1996 - Mar 2021
Lebanon (%) -1.9 2018 yearly 2005 - 2018
Lithuania (%) -1.1 Dec 2020 quarterly Jun 1995 - Dec 2020
Luxembourg (%) 1.4 Dec 2020 quarterly Mar 1996 - Dec 2020
Macau SAR, China (%) -45.9 Dec 2020 quarterly Mar 2002 - Dec 2020
North Macedonia (%) -0.7 Dec 2020 quarterly Mar 2001 - Dec 2020
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) -3.4 Dec 2020 quarterly Mar 2001 - Dec 2020
Malta (%) -6.2 Dec 2020 quarterly Mar 2001 - Dec 2020
Mauritius (%) -12.2 Sep 2020 quarterly Mar 2001 - Sep 2020
Mexico (%) -2.9 Mar 2021 quarterly Mar 1981 - Mar 2021
Moldova (%) 1.0 Dec 2020 quarterly Mar 1996 - Dec 2020
Mongolia (%) -0.3 Dec 2020 quarterly Mar 2011 - Dec 2020
Montenegro (%) -7.5 Dec 2020 quarterly Mar 2011 - Dec 2020
Morocco (%) -6.0 Dec 2020 quarterly Mar 2008 - Dec 2020
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.2 2020 yearly 2011 - 2020
Nepal (%) -2.7 Mar 2020 quarterly Dec 2004 - Mar 2020
Netherlands (%) -3.0 Dec 2020 quarterly Mar 1997 - Dec 2020
New Zealand (%) 1.2 Dec 2020 quarterly Jun 1983 - Dec 2020
Nigeria (%) 0.1 Dec 2020 quarterly Mar 2011 - Dec 2020
Norway (%) -1.1 Dec 2020 quarterly Mar 1979 - Dec 2020
Oman (%) -0.8 2019 yearly 1999 - 2019
Pakistan (%) 0.5 2020 yearly 2001 - 2020
Palestinian Territory (%) 11.8 Sep 2020 quarterly Jun 2011 - Sep 2020
Panama (%) -10.9 Dec 2020 quarterly Mar 2008 - Dec 2020
Paraguay (%) 1.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Peru (%) -1.7 Dec 2020 quarterly Mar 1981 - Dec 2020
Philippines (%) -8.4 Dec 2020 quarterly Mar 1999 - Dec 2020
Poland (%) -2.7 Dec 2020 quarterly Mar 1996 - Dec 2020
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -3.9 Dec 2020 quarterly Mar 2012 - Dec 2020
Romania (%) -1.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Russia (%) -2.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Saudi Arabia (%) -3.9 Dec 2020 quarterly Mar 2011 - Dec 2020
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.2 Mar 2021 quarterly Mar 1976 - Mar 2021
Slovakia (%) -2.1 Dec 2020 quarterly Mar 1994 - Dec 2020
Slovenia (%) -5.0 Dec 2020 quarterly Mar 1996 - Dec 2020
South Africa (%) -4.2 Dec 2020 quarterly Mar 1961 - Dec 2020
Spain (%) -4.3 Mar 2021 quarterly Mar 1996 - Mar 2021
Sri Lanka (%) 1.3 Dec 2020 quarterly Mar 2011 - Dec 2020
Sudan (%) -1.3 2019 yearly 1983 - 2019
Sweden (%) -2.1 Dec 2020 quarterly Mar 1982 - Dec 2020
Switzerland (%) -1.7 Dec 2020 quarterly Mar 1966 - Dec 2020

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Thailand Key Series

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Includes 305 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 (%) 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: Trade Balance: Custom Basis (THB mn) 23,745.200 Nov 2021 monthly Jan 1991 - Nov 2021
MoC: Imports: Custom Basis (THB mn) 759,679.356 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: 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
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
Imports: Consumer Goods: ND: Animal and Fishery (THB mn) 12,079.530 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: 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: RM: Non-Agro: Electronic Parts (THB mn) 117,201.870 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: Financial & Insurance Activities (THB mn) 44,753.620 Sep 2021 quarterly Mar 2005 - Sep 2021
FDI: Manufacturing (THB mn) 51,834.540 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: Mining & Quarrying (THB mn) -1,728.410 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: Narrow Money (NM) (THB mn) 2,811,362.000 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: Quasi Money (THB mn) 21,015,265.000 Nov 2021 monthly Jan 1997 - Nov 2021
Credit: Outs: CB: Individuals (THB mn) 6,215,147.000 Nov 2021 monthly Jan 2004 - Nov 2021
Credit: Outs: CB: Businesses (THB mn) 6,728,642.000 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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