Thailand’s economy grew 0.7% qoq in Q1 2026, slowing sharply from 1.9% in Q4 as the Middle East war weighed on overall economic activity. Still, the latest reading topped market expectations for a modest 0.1% gain, marking the second consecutive quarter of expansion. Private consumption lost momentum (0.4% vs 1.5% in Q4), reflecting weaker purchasing power and softer household spending. Government expenditure also eased (1.0% vs 4.9%), mainly due to slower social transfers and lower employee compensation. Meanwhile, fixed investment weakened further (1.9% vs 3.9%), pressured by a contraction in construction activity. On the trade front, exports (7.3% vs 2.4%) rose less than imports (8.7% vs 4.8%), contributing negatively to the GDP. Production-wise, non-agricultural activity slowed notably (0.5% vs 1.9%) amid softer industrial and services output, while agricultural production accelerated to 2.0% from 0.4%, extending growth for a second straight quarter. source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand expanded 0.70 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Thailand averaged 0.80 percent from 1993 until 2026, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -9.20 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 May of 2026.

The Gross Domestic Product (GDP) in Thailand expanded 0.70 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Thailand is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand GDP Growth Rate is projected to trend around 0.90 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-16 02:30 AM
GDP Growth Rate QoQ
Q4 1.9% -0.3% 0.3% -0.3%
2026-05-18 02:30 AM
GDP Growth Rate QoQ
Q1 0.7% 1.9% 0.1% 0.8%
2026-08-17 02:30 AM
GDP Growth Rate QoQ
Q2 0.7% 0.3%


Related Last Previous Unit Reference
Full Year GDP Growth 2.40 2.90 percent Dec 2025
GDP Growth Rate YoY 2.80 2.50 percent Mar 2026
GDP Constant Prices 2940800.00 2921212.00 THB Million Mar 2026
GDP from Agriculture 186365.00 182688.00 THB Million Mar 2026
GDP from Construction 82476.00 87737.00 THB Million Mar 2026
GDP from Manufacturing 713282.00 707317.00 THB Million Mar 2026
GDP from Mining 51599.00 51560.00 THB Million Mar 2026
GDP from Public Administration 135508.00 137579.00 THB Million Mar 2026
GDP from Transport 192174.00 191623.00 THB Million Mar 2026
GDP from Utilities 81840.00 80085.00 THB Million Mar 2026
GDP Growth Rate 0.70 1.90 percent Mar 2026
Gross Fixed Capital Formation 758935.00 752544.00 THB Million Mar 2026
Gross National Product 3183190.00 3106433.00 THB Billion Mar 2026


Thailand GDP Growth Rate
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
0.70 1.90 9.40 -9.20 1993 - 2026 percent Quarterly

News Stream
Thailand Economy Expands 0.7% QoQ in Q1
Thailand’s economy grew 0.7% qoq in Q1 2026, slowing sharply from 1.9% in Q4 as the Middle East war weighed on overall economic activity. Still, the latest reading topped market expectations for a modest 0.1% gain, marking the second consecutive quarter of expansion. Private consumption lost momentum (0.4% vs 1.5% in Q4), reflecting weaker purchasing power and softer household spending. Government expenditure also eased (1.0% vs 4.9%), mainly due to slower social transfers and lower employee compensation. Meanwhile, fixed investment weakened further (1.9% vs 3.9%), pressured by a contraction in construction activity. On the trade front, exports (7.3% vs 2.4%) rose less than imports (8.7% vs 4.8%), contributing negatively to the GDP. Production-wise, non-agricultural activity slowed notably (0.5% vs 1.9%) amid softer industrial and services output, while agricultural production accelerated to 2.0% from 0.4%, extending growth for a second straight quarter.
2026-05-18
Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election. Private consumption picked up sharply (1.5% vs 0.6% in Q3) while government spending posted a strong rebound (5.0% vs -2.7%) amid a recovery in social transfers and compensation of employees. Net trade contributed positively, even as exports (1.6% vs 0.7%) grew less than imports (4.6% vs 0.9%). Meanwhile, fixed investment continued to grow despite slowing (4.0% vs 5.9%).
2026-02-16
Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market consensus of a 0.3% fall and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), weighed by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports shrank (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), rattled by weaker industrial activity, though services growth accelerated.
2025-11-17