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

The Thailand economy grew by 1 percent quarter-on-quarter in the third quarter of 2017, slower than an upwardly revised 1.4 percent expansion in the prior quarter while markets estimated a 0.75 percent growth. It was the weakest quarterly expansion since the fourth quarter 2016, as private consumption growth slowed markedly while government spending and investment continued to fall. GDP Growth Rate in Thailand averaged 0.94 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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Thailand Economy Expands 1% QoQ in Q3


The Thailand economy grew by 1 percent quarter-on-quarter in the third quarter of 2017, slower than an upwardly revised 1.4 percent expansion in the prior quarter but beating markets expectations of 0.75 percent growth. It was the weakest expansion in three quarters, as private consumption growth slowed markedly and government spending and investment continued to fall.

In the September quarter, private consumption expanded only 0.3 percent, much slower than a 1 percent increase in the June quarter. Also, government spending (-4.1 percent from -1.3 percent) and fixed capital formation (-0.8 percent from -2.7 percent) continued to decline. On the positive note, exports of goods and services went up 2 percent (from 1.3 percent) while imports of goods and services rose less (0.2 percent from 2.2 percent). 
 
On the production side, financial intermediation grew only 0.8 percent (1.9 percent in Q2) and agriculture shrank by 4.7 percent (from 10.4 percent in Q2). Meanwhile, faset expansion was recorded for manufacturing (3 percent from 1 percent) and wholesale and retail trade (1.7 percent from 1.2 percent). 
 
Year-on-year, the country's GDP expanded 4.3 percent from a year earlier in the September quarter 2017, compared to an upwardly revised 3.8 percent growth in the second quarter 2017 and matching market expectations. It was the strongest expansion since the first quarter 2013.
 
 

NESDB, Thailand l Chusnul Ch Manan | chusnul@tradingeconomics.com
11/20/2017 12:47:59 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-15 02:30 AM GDP Growth Rate QoQ 1.3% 0.5% 1.2% 1.1%
2017-08-21 02:30 AM GDP Growth Rate QoQ 1.30% 1.3% 1% 1%
2017-11-20 02:30 AM GDP Growth Rate QoQ 1.00% 1.4% 0.75% 0.9%
2018-02-20 02:30 AM GDP Growth Rate QoQ 1.00% 1.0%
2018-05-15 02:30 AM GDP Growth Rate QoQ
2018-08-21 02:30 AM GDP Growth Rate QoQ


Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.40 9.60 -6.30 percent [+]
GDP Annual Growth Rate 4.30 3.80 15.40 -12.50 percent [+]
GDP 406.84 399.23 420.53 2.76 USD Billion [+]
GDP Constant Prices 2566342.00 2541404.00 2566342.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 598151.00 603016.00 713853.00 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 133680.00 141772.00 141772.00 66849.00 THB Million [+]
GDP From Construction 67881.00 69247.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 710970.00 690303.00 710970.00 269359.00 THB Million [+]
GDP From Mining 55620.00 56643.00 62653.00 20064.00 THB Million [+]
GDP From Public Administration 125645.00 128036.00 128759.00 41767.00 THB Million [+]
GDP From Transport 271149.00 266854.00 271149.00 64995.00 THB Million [+]
GDP From Utilities 84731.00 81606.00 84731.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.40 9.60 -6.30 1993 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17