Thailand’s GDP advanced 2.8% yoy in Q1 2026, accelerating from 2.5% in Q4 and surpassing market forecasts of 2.2%. It marked the strongest growth since Q3 2025, mainly driven by faster increases in government spending (3.4% vs 1.3% in Q4), due to higher purchases of goods and services and social transfers in kind, as well as fixed investment (9.9% vs 8.1%). On the trade front, both exports (12.6% vs 5.6%) and imports (21.1% vs 9.5%) accelerated sharply. Meanwhile, private consumption growth eased slightly (3.2% vs 3.3%). By production, non-agricultural activity quickened (3.0% vs 2.7% in Q4), driven by expansions in the industrial sector (1.8%) and services sector (3.6%), led by mining, quarrying, and construction. Meanwhile, agriculture also accelerated (1.2% vs 0.6%), primarily due to higher yields of sugarcane, rubber, oil palm, maize, fruits, and broiler production. The government maintained its GDP forecast for this year in the 1.5%–2.5% range, with exports expected to rise 9.6%. source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand expanded 2.80 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand averaged 3.15 percent from 1994 until 2026, reaching an all time high of 15.50 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand GDP Annual 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 2.80 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand GDP Annual Growth Rate is projected to trend around 2.70 percent in 2027 and 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-16 02:30 AM
GDP Growth Rate YoY
Q4 2.5% 1.2% 1% 1.0%
2026-05-18 02:30 AM
GDP Growth Rate YoY
Q1 2.8% 2.5% 2.2% 1.4%
2026-08-17 02:30 AM
GDP Growth Rate YoY
Q2 2.8% 1.7%


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 Annual 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
2.80 2.50 15.50 -12.50 1994 - 2026 percent Quarterly

News Stream
Thai Economy Expands More Than Expected
Thailand’s GDP advanced 2.8% yoy in Q1 2026, accelerating from 2.5% in Q4 and surpassing market forecasts of 2.2%. It marked the strongest growth since Q3 2025, mainly driven by faster increases in government spending (3.4% vs 1.3% in Q4), due to higher purchases of goods and services and social transfers in kind, as well as fixed investment (9.9% vs 8.1%). On the trade front, both exports (12.6% vs 5.6%) and imports (21.1% vs 9.5%) accelerated sharply. Meanwhile, private consumption growth eased slightly (3.2% vs 3.3%). By production, non-agricultural activity quickened (3.0% vs 2.7% in Q4), driven by expansions in the industrial sector (1.8%) and services sector (3.6%), led by mining, quarrying, and construction. Meanwhile, agriculture also accelerated (1.2% vs 0.6%), primarily due to higher yields of sugarcane, rubber, oil palm, maize, fruits, and broiler production. The government maintained its GDP forecast for this year in the 1.5%–2.5% range, with exports expected to rise 9.6%.
2026-05-18
Thailand Q4 GDP Annual Growth Beats Forecasts
Thailand’s GDP expanded 2.5% yoy in Q4 2025, accelerating from Q3's four-year low of 1.2% and topping market forecasts of 1%. Private consumption rose the most in a year (3.3% vs 2.5% in Q3), supported by ongoing Bangkok's support measures. At the same time, government spending increased 1.3%, after falling 3.9% previously. Meanwhile, fixed investment picked up sharply (8.1% vs 1.4%). On the trade front, exports slowed (5.6% vs 7.6%) while imports accelerated (9.1% vs 5.9%). By production, non-agriculture quickened (2.7% vs 1.2%), with industrial output rebounding amid growth in mining and manufacturing. Also, services activity quickened, led by construction, wholesale and retail trade, financials, and transport. Meanwhile, the agriculture eased (0.3% vs 2.1%), reflecting a slowdown in agriculture, forestry, and fishing. The economy is expected to grow between 1.5% to 2.5% this year.
2026-02-16
Thailand Cuts 2025 GDP Growth Forecast to 2.2%
Thailand’s Finance Ministry expects the economy to grow by 2.2% in 2025, slower than an earlier estimate of 2.4% and easing from 2.5% in 2024, due to moderating exports and domestic demand, said Vinit Visessuvanapoom, head of the ministry’s Fiscal Policy Office, at a press conference, according to Reuters. Meanwhile, GDP growth is forecast to remain at 2.0% this year, with exports expected to rise 1.0%, compared with an earlier forecast of a 1.5% decline. The central bank has forecast economic growth of 1.5% in 2026. Thailand’s economy has been struggling with US tariffs, an appreciating baht, high household debt, border tensions with Cambodia, and political uncertainty ahead of elections in early February. The baht has gained about 1.4% against the dollar so far this year, following a 9% rise in 2025, threatening the competitiveness of the export and tourism sectors.
2026-01-27