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. source: Nesdb, Thailand

The Gross Domestic Product (GDP) in Thailand expanded 2.50 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand averaged 3.15 percent from 1994 until 2025, 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 February of 2026.

The Gross Domestic Product (GDP) in Thailand expanded 2.50 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand is expected to be 1.40 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
2025-11-17 02:30 AM
GDP Growth Rate YoY
Q3 1.2% 2.8% 1.6% 1.5%
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 2.5% 1.4%


Related Last Previous Unit Reference
Full Year GDP Growth 2.40 2.90 percent Dec 2025
GDP Growth Rate YoY 2.50 1.20 percent Dec 2025
GDP Constant Prices 2844065.00 2860185.00 THB Million Sep 2025
GDP from Agriculture 181610.00 181903.00 THB Million Dec 2025
GDP from Construction 87356.00 79023.00 THB Million Dec 2025
GDP from Manufacturing 706058.00 698782.00 THB Million Dec 2025
GDP from Mining 51823.00 50531.00 THB Million Dec 2025
GDP from Public Administration 137355.00 134240.00 THB Million Dec 2025
GDP from Transport 191867.00 188394.00 THB Million Dec 2025
GDP from Utilities 96300.00 96778.00 THB Million Dec 2025
GDP Growth Rate 1.90 -0.60 percent Dec 2025
Gross Fixed Capital Formation 708887.00 623396.00 THB Million Sep 2025
Gross National Product 2798450.00 2854609.00 THB Billion Sep 2025


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
2.50 1.20 15.50 -12.50 1994 - 2025 percent Quarterly

News Stream
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
Thailand Q3 GDP Annual Growth Weakest in 4 Years
Thailand’s GDP grew 1.2% yoy in Q3 2025, notably slowing from 2.8% in Q2 and missing market expectations of 1.6%. It was the slowest yearly expansion since Q3 2021, weighed down by sluggish factory output, softer tourism activity, and rising concerns over the impact of higher U.S. tariffs. Fixed investment growth eased sharply (1.1% vs 5.8% in Q2), while government spending declined (-3.9% vs 2.2%), and private consumption growth remained steady (at 2.6%).On the external front, both exports (6.9% vs 11.2% in Q2) and imports (4.6% vs 10.9%) grew at a slower pace, though net trade still contributed positively to GDP. The moderation in export growth reflected the drag from newly imposed U.S. levies. Production-wise, output growth slowed in both agriculture (1.9% vs 6.4%) and non-agriculture (1.2% vs 2.5%). For the first three quarters of the year, the economy expanded 2.4%. The government also trimmed its 2025 GDP growth forecast to 2.0% from a previous range of 1.8%–2.3%.
2025-11-17