Thailand GDP Growth Rate

Last Release

Sep 30, 2025

Actual

-0.6

Units In

0.6

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
9.4 Mar 2012	-9.4 Jun 2020	0.79 %	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 shrank 0.6% qoq in Q3 2025, missing market consensus of a 0.3% fall and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), weighed by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports shrank (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), rattled by weaker industrial activity, though services growth accelerated.