Thailand’s gross domestic product (GDP) grew at a rate of 2.12 percent in 2019.
The Thai economy
Thailand relies less on agriculture and more on employment in the service sector, which is a sign of a more advanced economy. This development is also apparent in its GDP per capita, which is one of the highest in Southeast Asia. One aspect of a developed economy is that it is more diverse, and thus less exposed to economic shocks. This statistic reflects that robustness in its optimistic view of Thai GDP growth.
Domestic factors
Thailand has posted an incredibly low unemployment rate for several years, which suggests that the workforce matches the demand for labor remarkably well. Equally important, the inflation rate tends to be low and stable, though sometimes too low. If Thailand wants to realize the positive projections in this statistic, the inflation rate of the baht should be between 2 and 3 percent, according to most economists.
Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029
(compared to the previous year)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IMF. (October 22, 2024). Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/
IMF. "Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/
IMF. (2024). Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/
IMF. "Thailand: Growth Rate of The Real Gross Domestic Product (Gdp) from 2019 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/
IMF, Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) Statista, https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/ (last visited December 21, 2024)
Thailand: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/332051/gross-domestic-product-gdp-growth-rate-in-thailand/