Thailand's economy grew 0.1 percent quarter-on-quarter in the three months to September 2019, after a downwardly revised 0.4 percent expansion in the previous period, in line with market expectations. That was the weakest growth rate in a year, led by a contraction in industrial and agriculture sectors.

GDP Growth Rate in Thailand averaged 0.93 percent from 1993 until 2019, 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. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Nesdb, Thailand

GDP Growth Rate in Thailand is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Thailand to stand at 0.50 in 12 months time. In the long-term, the Thailand GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.

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Thailand GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 9.40 -6.30 1993 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-18 02:30 AM Q4 0.80% -0.3% 0.6% 0.8%
2019-05-21 02:30 AM Q1 1.0% 0.9% 1.4% 0.9%
2019-08-19 02:30 AM Q2 0.6% 1.0% 0.7% 1%
2019-11-18 02:30 AM Q3 0.1% 0.4% 0.1% 0.5%
2020-02-17 02:30 AM Q4 0.1% 0.3%

News Stream
Thailand GDP Quarterly Growth Below Forecasts
Thailand's economy expanded 0.6 percent quarter-on-quarter in the three months to June 2019, slowing from a 1 percent growth in the previous period and missing market expectations of a 0.7 percent advance. This marked the lowest quarterly growth rate since a 0.4 percent contraction in the September quarter 2018, as private consumption growth was nearly steady, while there was a decline in both government spending and gross fixed capital formation.

Thailand Quarterly GDP Growth Below Forecasts in Q1
Thailand's economy expanded 1.0 percent quarter-on-quarter in the three months to March 2019, little-changed from an upwardly revised 0.9 percent growth in the previous period and missing market estimates of a 1.4 percent advance. Private consumption growth was steady while fixed investment slowed markedly despite a faster rise in government spending. Meantime, net exports contributed negatively to the GDP growth.

Thailand Quarterly GDP Growth Rebounds Strongly in Q4
Thailand's economy expanded 0.8 percent quarter-on-quarter in the three months to December 2018, beating market estimates of a 0.6 percent growth and reversing from a downwardly revised 0.3 percent contraction in the previous quarter. Private consumption and fixed investment growth accelerated while government spending rebounded. Also, net external demand contributed positively to the GDP growth.

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.

Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.40 9.40 -6.30 percent [+]
GDP Annual Growth Rate 2.40 2.30 15.50 -12.50 percent [+]
GDP 504.99 455.28 504.99 2.76 USD Billion [+]
GDP Constant Prices 2730085.00 2727028.00 2730085.00 1043940.00 THB Million [+]
Gross National Product 2669126.00 2729568.00 2862899.00 1042725.00 THB Billion [+]
Gross Fixed Capital Formation 657693.00 648147.00 713853.00 258609.00 THB Million [+]
GDP per capita 6361.60 6128.70 6361.60 570.90 USD [+]
GDP per capita PPP 16904.70 16285.60 16904.70 6653.30 USD [+]
GDP From Agriculture 122574.00 159957.00 182356.00 68261.00 THB Million [+]
GDP From Construction 74689.00 74313.00 103693.00 36619.00 THB Million [+]
GDP From Manufacturing 712058.00 718654.00 734841.00 267937.00 THB Million [+]
GDP From Mining 62219.00 61887.00 63806.00 20063.00 THB Million [+]
GDP From Public Administration 129302.00 130268.00 130818.00 41767.00 THB Million [+]
GDP From Transport 182985.00 183201.00 183201.00 57373.00 THB Million [+]
GDP From Utilities 92108.00 90500.00 92108.00 22477.00 THB Million [+]