Thailand: GDP from construction 2023

In 2023, the construction sector contributed over 440 billion Thai baht to Thailand's GDP. Such value also increased in recent years. In that same year, Thailand's service industries' total GDP amounted to around 10.93 trillion Thai baht.

Construction works in the public sector

The construction industry in Thailand is dominated by the public sector, in which the government directly invests in construction projects or jointly invests with private enterprises for the public benefit such as utility projects, schools, hospitals, and infrastructure for trains, bridges, and other buildings. In 2023, the investment value of the construction industry in the public sector of Thailand slightly decreased from the previous year.

Construction works in the private sector

As for construction in the private sector, it also contributes a great deal to the industry in Thailand. The country’s construction works in the private sector include residences, commercial buildings, and industrial factories. In 2023, there were around 2.1 thousand newly established factories in Thailand. However, unlike construction in the public sector, the market value of the private sector rose slightly in 2023 compared to the previous year.

Gross domestic product (GDP) from the construction sector in Thailand from 2009 to 2023 (in billion Thai baht)

Characteristic	GDP contribution in billion Thai baht
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Release date

July 2024

More information

Region

Thailand

Survey time period

2009 to 2023

Special properties

figures at current market prices

Supplementary notes

*Preliminary figure.

Figures have been rounded.

One Thai baht is equal to 0.027 U.S. dollars and 0.025 euros as of July 2024.

The source does not provide a date of publication. The date used here is the date of access.

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