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

The Thailand economy grew by 1.3 percent quarter-on-quarter in the second quarter of 2017, the same as in the prior quarter and above market estimates of a 1 percent growth. Quarterly growth remained at its fastest since the December quarter 2012, mainly supported by the agricultural and major service sectors and a recovery in manufacturing. 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 Economic Growth Stable at 1.3% QoQ


The Thailand economy grew by 1.3 percent quarter-on-quarter in the second quarter of 2017, the same as in the prior quarter and above market estimates of a 1 percent growth. Quarterly growth remained at its fastest since the December quarter 2012, mainly supported by the agricultural and major service sectors and a recovery in manufacturing.

In the June quarter, private consumption expanded 1.1 percent, slower than a 1.3 percent increase in the March quarter. Meanwhile, government spending contracted further (-0.9 percent from -0.4 percent in Q1). Gross fixed capital formation moved into contraction (-2.8 percent from 0.3 percent). Exports of goods and services moderated (1.2 percent from 3.8 percent) and imports of goods and services went up more (2.6 percent from 1.1 percent).

On the production side, all sectors rose: the agriculture sector grew the most at 9.5 percent (from 3.5 percent in Q1), while manufacturing (+0.7 percent from -0.7 percent) and financial intermediation (1.9 percent from -0.5 percent) rebounded while wholesale and retail trade moderated (1.1 percent from 1.4 percent).

Year-on-year, the country's GDP expanded 3.7 percent from a year earlier in the June quarter 2017, compared to a 3.3 percent growth in the first quarter 2017 and above market expectations of a 3.2 percent expansion. It was the strongest expansion in 4 years.

NESDB | Charles | charles@tradingeconomics.com
8/21/2017 9:20:12 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-02-20 02:30 AM GDP Growth Rate QoQ 0.4% 0.4% 0.6% 0.7%
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%
2017-11-21 02:30 AM GDP Growth Rate QoQ 1.30% 0.9%


Thailand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.30 9.60 -6.30 percent [+]
GDP Annual Growth Rate 3.70 3.30 15.40 -12.50 percent [+]
GDP 406.84 399.23 420.53 2.76 USD Billion [+]
GDP Constant Prices 2537644.00 2505078.00 2537644.00 1043930.00 THB Million [+]
Gross National Product 4839.07 4693.46 4839.07 910.68 THB Billion [+]
Gross Fixed Capital Formation 604883.00 622116.00 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 141069.00 127931.00 141069.00 66849.00 THB Million [+]
GDP From Construction 69317.00 74998.00 103692.00 36619.00 THB Million [+]
GDP From Manufacturing 687873.00 683417.00 688534.00 269359.00 THB Million [+]
GDP From Mining 56248.00 58444.00 62653.00 20064.00 THB Million [+]
GDP From Public Administration 128379.00 128776.00 128776.00 41767.00 THB Million [+]
GDP From Transport 266670.00 257935.00 266670.00 64995.00 THB Million [+]
GDP From Utilities 81073.00 79817.00 82457.00 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 September of 2017.

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




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15