Thailand's gross domestic product grew by 2.4 percent year-on-year in the third quarter of 2019, following a 2.3 percent expansion in the previous period but below market consensus of 2.6 percent. Government spending and fixed investment rose faster, and net external contributed positively to GDP growth. Meanwhile, private consumption growth eased for the third consecutive time.
GDP Annual Growth Rate in Thailand averaged 3.70 percent from 1994 until 2019, reaching an all time high of 15.50 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Nesdb, Thailand
GDP Annual Growth Rate in Thailand is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Thailand to stand at 3.10 in 12 months time. In the long-term, the Thailand GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.