Thailand GDP Growth Rate  1993-2018 | Data | Chart | Calendar | Forecast

Thailand's economy advanced 2 percent quarter-on-quarter in the March quarter of 2018, following a 0.5 percent growth in the previous period and easily beating market consensus of a 1.05 percent expansion. It is the strongest quarterly growth since the fourth quarter 2012, mainly supported by faster rises in private consumption and fixed investment. GDP Growth Rate in Thailand averaged 0.95 percent from 1993 until 2018, reaching an all time high of 9.40 percent in the first quarter of 2012 and a record low of -6.30 percent in the fourth quarter of 2011.

Thailand GDP Growth Rate
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Thailand Economy Expands 2% QoQ in Q1


Thailand's economy advanced 2 percent quarter-on-quarter in the March quarter of 2018, following a 0.5 percent growth in the previous period and easily beating market consensus of a 1.05 percent expansion. It is the strongest quarterly growth since the fourth quarter 2012, mainly supported by faster rises in private consumption and fixed investment.

On the expenditure side, private consumption increased at a stronger 1.3 percent (from 0.8 percent in the December quarter. Also, gross fixed capital formation expanded by 2.8 percent, faster than a 2.3 percent rise in the prior quarter. On the other hand, goverment spending contracted 0.1 percent, after a 4.7 percent growth in Q4. Meantime, net external demand contributed negatively to growth, as exports of goods and services went up 1 percent (from 1.2 percent in the preceding quarter), while imports rose by 3 percent, the same as in the December quarter.

On the production side, manufacturing sector grew by 0.3 percent, faster than a 0.1 percent rise in the preceding quarter. At the same time, agriculture sector expanded 11.6 percent, rebounding sharply from a 7 percent decline in the prior three month-period. Meanwhile, wholesale and retail trade; repair of motor grew by 1.5 percent (from 2.1 percent). On the other hand, financial intermediation shrank 0.4 percent, following a 1.2 percent rise in the prior quarter.

Year-on-year, the country's GDP grew by 4.8 percent from a year earlier, above estimates of a 4 percent expansion and after a 4 percent growth in the December quarter. It is the strongest pace of expansion since the March quarter 2013.


NESDB l Rida | rida@tradingeconomics.com
5/21/2018 4:21:27 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-20 02:30 AM GDP Growth Rate QoQ 1.00% 1.4% 0.75% 0.9%
2018-02-19 02:30 AM GDP Growth Rate QoQ 0.5% 1% 0.7% 0.8%
2018-05-21 02:30 AM GDP Growth Rate QoQ 2.0% 0.5% 1.05% 1%
2018-08-21 02:30 AM GDP Growth Rate QoQ 2.0% 0.90%
2018-11-20 02:30 AM GDP Growth Rate QoQ 1.10%


Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 0.50 9.40 -6.30 percent [+]
GDP Annual Growth Rate 4.80 4.00 15.50 -12.50 percent [+]
GDP 406.84 399.23 420.53 2.76 USD Billion [+]
GDP Constant Prices 2633183.00 2582171.00 2633183.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 634226.00 617073.00 724143.00 258609.00 THB Million [+]
GDP per capita 5901.40 5733.90 5901.40 570.90 USD [+]
GDP per capita PPP 15681.80 15236.70 15681.80 6650.40 USD [+]
GDP From Agriculture 133786.00 118583.00 136392.00 66643.00 THB Million [+]
GDP From Construction 74177.00 71394.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 719958.00 717785.00 719958.00 269359.00 THB Million [+]
GDP From Mining 59225.00 60284.00 63442.00 20064.00 THB Million [+]
GDP From Public Administration 127651.00 127312.00 128435.00 41767.00 THB Million [+]
GDP From Transport 273468.00 270353.00 273468.00 64995.00 THB Million [+]
GDP From Utilities 82888.00 83621.00 84522.00 22202.00 THB Million [+]


Thailand GDP Growth Rate

From 2000 to 2011, Thai economy grew at an average of 1.1 percent quarter-on-quarter, boosted by industrial and agricultural exports and to lesser extend by domestic consumption. Yet, as exports have been weakening throughout 2012 and 2013 due to several external economic shocks, domestic and public consumption has become the main source of expansion. This page provides - Thailand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 0.50 9.40 -6.30 1993 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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