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 0.2 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. GDP Growth Rate in Thailand averaged 0.94 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.
GDP Growth Rate in Thailand is expected to be 0.90 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 1.00 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.