Thailand GDP Growth Rate  1993-2018 | Data | Chart | Calendar | Forecast

Thailand's economy advanced 1 percent quarter-on-quarter in the June quarter of 2018, following an upwardly revised 2.1 percent growth in the previous period and matching market consensus. Growth was mainly driven by private consumption and net exports while government spending and fixed-investment contracted. GDP Growth Rate in Thailand averaged 0.95 percent from 1993 until 2018, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -6.30 percent in the fourth quarter of 2011.

Thailand GDP Growth Rate
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Thailand Economy Grows 1% QoQ in Q2


Thailand's economy advanced 1 percent quarter-on-quarter in the June quarter of 2018, following an upwardly revised 2.1 percent growth in the previous period and matching market consensus. Growth was mainly driven by private consumption and net exports while government spending and fixed investment contracted.

On the expenditure side, government spending shrank for the second straight quarter (-1.1 percent from -0.6 percent in the March quarter). In addition, gross fixed capital formation contracted for the first time since the third quarter 2017 (-0.8 percent from 2.7 percent). On the other hand, private consumption increased by 1.8 percent, faster than a 1.4 percent rise in the first quarter. At the same time, net external demand contributed positively to growth, as exports of goods and services went up 1.9 percent (from 1.1 percent in the preceding quarter), while imports rose by 0.9 percent, much slower than a 2.6 percent growth in the March quarter.

On the production side, the agriculture sector expanded 10.3 percent, slower than a 11.5 percent increase in the prior three month-period. Meanwhile, manufacturing sector showed no growth, after a 0.4 percent rise in the prior quarter. At the same time, wholesale and retail trade; repair of motor grew by 1.5 percent, the same as in Q1. Financial intermediation jumped by 3.8 percent, compared to a 0.3 percent growth in the prior quarter.
Year-on-year, the country's GDP expanded 4.6 percent from a year earlier, slightly above estimates of a 4.5 percent expansion and after an upwardly revised 4.9 percent growth in the March quarter.

For 2018, the economy is expected to grow between 4.2 to 4.7 percent, unchanged from an earlier estimate, supported by robust exports and growing tourism.


NESDB | Rida | rida@tradingeconomics.com
8/20/2018 12:07:35 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-19 02:30 AM GDP Growth Rate QoQ 0.5% 1% 0.7% 0.8%
2018-05-21 02:30 AM GDP Growth Rate QoQ 2.0% 0.5% 1.05% 1%
2018-08-20 02:30 AM GDP Growth Rate QoQ 1.0% 2.1% 1% 1.3%
2018-11-20 02:30 AM GDP Growth Rate QoQ 1.0% 0.8%


Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 2.10 9.40 -6.30 percent [+]
GDP Annual Growth Rate 4.60 4.90 15.50 -12.50 percent [+]
GDP 455.22 411.76 455.22 2.76 USD Billion [+]
GDP Constant Prices 2661705.00 2635406.00 2661705.00 1043930.00 THB Million [+]
Gross National Product 2623744.00 2785822.00 2785822.00 1055611.00 THB Billion [+]
Gross Fixed Capital Formation 628096.00 633177.00 724143.00 258609.00 THB Million [+]
GDP per capita 6125.70 5910.50 6125.70 570.90 USD [+]
GDP per capita PPP 16277.70 15705.80 16277.70 6650.40 USD [+]
GDP From Agriculture 149944.00 134297.00 149944.00 66643.00 THB Million [+]
GDP From Construction 71914.00 73710.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 720045.00 719904.00 720045.00 269359.00 THB Million [+]
GDP From Mining 58210.00 59029.00 63349.00 20064.00 THB Million [+]
GDP From Public Administration 126699.00 127539.00 128439.00 41767.00 THB Million [+]
GDP From Transport 279708.00 274435.00 279708.00 64995.00 THB Million [+]
GDP From Utilities 83200.00 82792.00 84542.00 22202.00 THB Million [+]


Thailand GDP Growth Rate

Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 2.10 9.40 -6.30 1993 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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