Thailand recorded a government debt equivalent to 41.80 percent of the country's Gross Domestic Product in 2018. source: Ministry of Finance, Thailand

Government Debt to GDP in Thailand averaged 44.15 percent from 1996 until 2018, reaching an all time high of 57.80 percent in 2000 and a record low of 15.20 percent in 1996. This page provides - Thailand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Debt to GDP - values, historical data and charts - was last updated on June of 2021.

Government Debt to GDP in Thailand is expected to reach 57.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Government Debt to GDP is projected to trend around 56.00 percent in 2022, according to our econometric models.

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Thailand Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
50.50 41.10 57.80 15.20 1996 - 2020 percent of GDP Yearly

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 41.10 57.80 15.20 percent of GDP [+]
Government Budget -1.90 -2.40 4.90 -5.10 percent of GDP [+]
Government Budget Value 10137.00 -30375.00 217720.00 -258195.00 THB Million [+]
Government Spending 401695.00 402729.00 410629.00 113953.00 THB Million [+]
Government Revenues 176674.00 172865.00 381711.00 14663.30 THB Million [+]
Fiscal Expenditure 193699.00 224767.00 409249.00 15678.00 THB Million [+]
Military Expenditure 7362.00 7286.00 7362.00 408.00 USD Million [+]
Credit Rating 65.00 [+]


Thailand Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.