Thailand GDP Growth Rate

Last Release

Jun 30, 2025

Actual

0.6

Units In

0.7

Frequency

Quarterly

Next Release

Nov 18, 2025

Time to Release

2 Months 29 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
9.4 Mar 2012	-9.4 Jun 2020	0.8 %	1993-2025	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 economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Net trade also contributed positively, with exports increasing at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). At the same time, fixed investment continued to shrink but at a softer rate (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).