Thailand’s economy grew 2.4% in 2025, easing from 2.9% the previous year but extending its expansion streak to five consecutive years. Still trailing regional peers since the pandemic, growth has been constrained by persistent headwinds, including U.S. tariffs, elevated household debt, and a stronger baht. Exports, a crucial driver of Thailand's growth, are projected to rise 2.0% this year, a sharp turnaround from 0.3% drop estimated earlier. The Bhumjaithai Party, led by Prime Minister Anutin Charnvirakul, emerged with the most seats in the recent election and has begun coalition negotiations with minor parties. Bangkok expects the econony to grow in a range of 1.5% to 2.5% this year. source: Nesdb, Thailand

Full Year GDP Growth in Thailand decreased to 2.40 percent in 2025 from 2.90 percent in 2024. Full Year GDP Growth in Thailand averaged 3.15 percent from 1994 until 2025, 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 March of 2026.

Full Year GDP Growth in Thailand decreased to 2.40 percent in 2025 from 2.90 percent in 2024. Full Year GDP Growth in Thailand is expected to reach 2.10 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Full Year GDP Growth is projected to trend around 2.60 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-02-17 02:30 AM
Full Year GDP Growth
2024 2.5% 2.0% 2.8%
2026-02-16 02:30 AM
Full Year GDP Growth
2025 2.4% 2.9% 2.2%


Related Last Previous Unit Reference
Full Year GDP Growth 2.40 2.90 percent Dec 2025
GDP 526.41 515.91 USD Billion Dec 2024
GDP Growth Rate YoY 2.50 1.20 percent Dec 2025
GDP Constant Prices 2844065.00 2860185.00 THB Million Sep 2025
GDP from Agriculture 181610.00 181903.00 THB Million Dec 2025
GDP from Construction 87356.00 79023.00 THB Million Dec 2025
GDP from Manufacturing 706058.00 698782.00 THB Million Dec 2025
GDP from Mining 51823.00 50531.00 THB Million Dec 2025
GDP from Public Administration 137355.00 134240.00 THB Million Dec 2025
GDP from Transport 191867.00 188394.00 THB Million Dec 2025
GDP from Utilities 96300.00 96778.00 THB Million Dec 2025
GDP Growth Rate 1.90 -0.60 percent Dec 2025
Gross Fixed Capital Formation 708887.00 623396.00 THB Million Sep 2025
Gross National Product 2798450.00 2854609.00 THB Billion Sep 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.90 8.10 -7.60 1994 - 2025 percent Yearly
Constant 2002 prices

News Stream
Thailand’s GDP Rises 2.4% in 2025, 5th Year of Expansion
Thailand’s economy grew 2.4% in 2025, easing from 2.9% the previous year but extending its expansion streak to five consecutive years. Still trailing regional peers since the pandemic, growth has been constrained by persistent headwinds, including U.S. tariffs, elevated household debt, and a stronger baht. Exports, a crucial driver of Thailand's growth, are projected to rise 2.0% this year, a sharp turnaround from 0.3% drop estimated earlier. The Bhumjaithai Party, led by Prime Minister Anutin Charnvirakul, emerged with the most seats in the recent election and has begun coalition negotiations with minor parties. Bangkok expects the econony to grow in a range of 1.5% to 2.5% this year.
2026-02-16
Thailand Upgrades 2025 GDP Forecast to 2.4%
Thailand’s economy is expected to grow 2.4% this year, higher than a previous forecast of 2.2%, following a series of government stimulus measures and better-than-expected exports, the finance ministry said on Thursday. Exports, a key driver of Thai growth, are now projected to rise 10% this year, up from an earlier forecast of 5.5%, said Vinit Visessuvanapoom, head of the Finance Ministry’s Fiscal Policy Office, at a press conference, according to Reuters. Foreign tourist arrivals are expected to reach 33.5 million this year, down from a forecast of 34.5 million made in July. However, gross domestic product growth is expected to slow to 2.0% next year, with exports forecast to dip 1.5%. Meanwhile, tourist arrivals are projected to rebound to 35.5 million in 2026, though still below the pre-pandemic record of nearly 40 million visitors in 2019. Last year, Southeast Asia’s second-largest economy grew 2.5%, lagging its regional peers.
2025-10-30
Thai Court Suspends PM Paetongtarn Over Leaked Call
Thailand’s Constitutional Court on Tuesday suspended Prime Minister Paetongtarn Shinawatra from duty just 10 months into her term, pending a case seeking her dismissal. The court accepted a petition from 36 senators accusing her of dishonesty and violating ethical standards over the leak of a politically sensitive phone call with Cambodia’s former leader Hun Sen. Deputy Prime Minister Suriya Juangroongruangkit will serve as caretaker premier while the case is reviewed. Paetongtarn, who will remain in the cabinet as the new culture minister following a reshuffle, has 15 days to respond to the court. The leaked conversation sparked domestic backlash and further weakened her fragile coalition after a key party exited and is expected to call for a no-confidence vote. Meanwhile, protest groups are demanding her resignation, increasing pressure on a government already under political strain.
2025-07-01