Thailand's economy unexpectedly advanced 0.2% quarter-on-quarter in the three months to March 2021, easily beating market estimates of a 0.8 percent contraction and after a downwardly revised 1.1% growth in the prior period, amid easing COVID-19 restrictions. Growth was mainly supported by a rebound in fixed investment (3.9% vs -0.7% in Q4). Meantime, there were falls in both household consumption (-0.4% vs 1.4%) and government spending (-0.4% vs -1.7%). Also, net external demand contributing negatively to the GDP, as exports grew by 8% (vs -1.3% in Q4) while imports rose at a faster 12.9% (vs 8.3%). On the production side, activity grew much softer in the nonagricultural sector (0.3% vs 1.4%), with industrial output rising (2.2% vs 1.9%) while services activity falling (-0.5% vs 1.2%). Meanwhile, agricultural output shrank 1.7%, after declining 1.6% in Q4. source: Nesdb, Thailand
GDP Growth Rate in Thailand averaged 0.84 percent from 1993 until 2021, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.40 percent in the second quarter of 2020. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
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 1.50 in 12 months time. In the long-term, the Thailand GDP Growth Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.