Thailand GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

1.2

Units In

2.8

Frequency

Quarterly

Next Release

Nov 17, 2025

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
15.5 Dec 2012	-12.5 Jun 1998	3.15 %	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 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%.