Thailand Full Year GDP Growth - 2022 Data - 2023 Forecast

Full year GDP growth in Thailand increased 2.6 percent in 2022, compared to a downwardly revised 1.5 percent in 2021, the most since 2018, manily boosted by a recovery in tourism and continual improvement of domestic demand in both private consumption and investment source: Nesdb, Thailand

Full Year GDP Growth in Thailand averaged 3.21 percent from 1994 until 2022, reaching an all time high of 8.10 percent in 1995 and a record low of -7.60 percent in 1998. This page includes a chart with historical data for Thailand Full Year GDP Growth. Thailand Full Year GDP Growth - values, historical data and charts - was last updated on June of 2023.

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Calendar	GMT	Reference	Actual	Previous	Consensus	TEForecast
2022-02-21	01:30 AM	Full Year GDP Growth	2021	1.6%	-6.2%		0.8%
2023-02-17	02:30 AM	Full Year GDP Growth	2023	2.6%	1.5%		3.0%

Related	Last	Previous	Unit	Reference
GDP Growth Rate	1.90	-1.50	percent	Mar 2023
GDP Annual Growth Rate	2.70	1.40	percent	Mar 2023
GDP	505.95	499.68	USD Billion	Dec 2021

Thailand Full Year GDP Growth

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.