Thailand GDP Growth Rate  1993-2017 | Data | Chart | Calendar | Forecast

The Thailand economy grew by 1.3 percent quarter-on-quarter in the first quarter of 2017, much stronger than an upwardly revised 0.5 percent expansion in the prior quarter and slightly above market estimates of a 1.2 percent growth. It was the fastest quarterly growth since the December quarter 2012, mainly supported by private consumption and exports. GDP Growth Rate in Thailand averaged 0.93 percent from 1993 until 2017, reaching an all time high of 9.60 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-21 02:30 AM Q3 0.6% 0.7% 0.7% 0.7%
2017-02-20 02:30 AM Q4 0.4% 0.4% 0.6% 0.7%
2017-05-15 02:30 AM Q1 1.3% 0.5% 1.2% 1.1%
2017-08-21 02:30 AM Q2 1.3% 0.8%
2017-11-21 02:30 AM Q3 0.9%




Thailand Economy Grows1.3% QoQ, Fastest In Over 4 Years


The Thailand economy advanced 1.3 percent quarter-on-quarter in the first quarter of 2017, much stronger than an upwardly revised 0.5 percent expansion in the prior quarter and slightly above market estimates of a 1.2 percent growth. It was the fastest quarterly growth since the December quarter 2012, mainly supported by private consumption and exports.

In the March quarter, private consumption expanded 1.3 percent, faster than a 0.5 percent increase in the December quarter. Meanwhile, government spending contracted 0.2 percent, after growing 10.6 percent in the previous three months. Gross fixed capital formation went up 0.5 percent, after registering a 7.0 percent growth in the previous quarter. Exports of goods and services rose 3.8 percent, compared to a 0.6 percent rise in the previous three months. Imports of goods and services also increased by 0.8 percent, following a 3.8 percent rise in the prior quarter.

On the production side, agriculture sector grew 4.6 percent (from 1.8 percent in Q4), followed by wholesale and retail trade; repair of motor (1.4 percent from 2.3 percent). In contrast, manufacturing sector declined by 1 percent (from 0.7 percent). Financial intermediation also contracted 0.5 percent (from 2.7 percent).

Year-on-year, the country's GDP expanded 3.3 percent from a year earlier in the March quarter 2017, compared to a 3.0 percent growth in the fourth quarter 2016 and slightly above market expectations of a 3.2 percent expansion. It was the strongest expansion in three quarters.

NESDB | Rida Husna | rida@tradingeconomics.com
5/15/2017 3:16:56 PM



Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.50 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.30 3.00 15.30 -12.50 percent [+]
GDP 395.17 404.32 419.89 2.76 USD Billion [+]
GDP Constant Prices 2505078.00 2461131.00 2505078.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 624847.00 619914.00 713853.00 258609.00 THB Million [+]
GDP per capita 5775.10 5635.60 5775.10 570.86 USD [+]
GDP per capita PPP 15346.65 14975.96 15346.65 6650.69 USD [+]
GDP From Agriculture 129642.00 122622.00 132115.00 66849.00 THB Million [+]
GDP From Construction 76236.00 77237.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 682320.00 690286.00 690286.00 269359.00 THB Million [+]
GDP From Mining 56477.00 59105.00 62445.00 20064.00 THB Million [+]
GDP From Public Administration 129002.00 128707.00 129002.00 41767.00 THB Million [+]
GDP From Transport 258292.00 250685.00 258292.00 64995.00 THB Million [+]
GDP From Utilities 79469.00 80898.00 83241.00 22202.00 THB Million [+]


Thailand GDP Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.50 9.60 -6.30 1993 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.40 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15