Thailand GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

2.8

Units In

3.1

Frequency

Quarterly

Next Release

Nov 18, 2025

Time to Release

2 Months 29 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
15.5 Dec 2012	-12.5 Jun 1998	3.17 %	1994-2025	N/A

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.

Latest Updates

Thailand’s GDP grew by 2.8% year-on-year in Q2 of 2025, easing from an upwardly revised 3.2% expansion in Q1 but beating market expectations of 2.5%. This marked the slowest growth since Q2 2024, driven by softer increases in private consumption (2.1% vs 2.5% in Q1) and government spending (2.2% vs 3.4%). In contrast, fixed investment remained strong, accelerating to 5.8% from 4.7% in the previous quarter. On the external front, exports rose 12.2% (vs 12.3% in Q1), outpacing imports, which increased by 10.8% (vs 2.1%), contributing positively to GDP. The strong export performance was partly attributed to factories expediting shipments ahead of newly imposed US tariffs. On the production side, growth slowed in both the non-agricultural sector (2.5% vs 2.9%) and the agricultural sector (6.0% vs 6.2%). For the first half of 2025, the economy expanded by 3.0%. Full-year growth is projected to range between 1.8% and 2.3%, with a midpoint forecast of 2.0%, down from 2.5% in 2024.