Thailand/Economy

Economy of Thailand

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon

GDP (USD)

$515.0B(2023)

GDP PPP (USD)

$1.7T(2023)

GDP per Capita (USD)

$7,182(2023)

GDP Growth (inflation-adjusted)

1.9%(2023)

Inflation (CPI Annual %)

1.4%(2024)

Trade & Finance

Coming Soon

Exports (as share of GDP)

65.4%(2023)

Imports (as share of GDP)

63.7%(2023)

FDI Inflows (as share of GDP)

1.3%(2023)

Remittance Inflow (USD)

$9.7B(2023)

Tax Revenue (as share of GDP)

15.5%(2023)

Labor & Income

Coming Soon

Unemployment Rate

0.7%(2024)

Employment in Services

47.8%(2023)

Poverty Rate

5.4%(2022)

GINI Index

33.5(2023)

GNI per Capita (USD)

$7,200(2023)

Energy & Environment

Coming Soon

Energy Use per Capita

1857 kg oil eq.(2022)

Renewable Energy Consumption (%)

19%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Thailand

The economic architecture of Thailand is substantial, anchored by a Gross Domestic Product (GDP) of approximately $514.97B
2023
. This places it as the 26th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $7.18K
2023
, while its GDP in Purchasing Power Parity (PPP) terms is estimated at $1.68T, reflecting the population's domestic purchasing power. The economy is seeing modest growth of 1.9%
2023
, accompanied by stable price levels, with inflation (CPI) at 1.4%
2024
.
On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country has a relatively balanced trade profile, with exports making up 65.4% of GDP and imports 63.7%
2023
. Foreign Direct Investment (FDI) inflows are significant, constituting 1.27% of the economy
2023
. This performance positions the country 118th globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $9.69B annually
2023
, highlighting the economic importance of its diaspora. Fiscal capacity is moderate, with tax revenue at 15.5% of GDP
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $7,200
2023
. Globally, this ranks the nation 90th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is robust, with a low unemployment rate of 0.7%
2024
. The services sector is a primary driver of the labor market, accounting for 47.8% of total employment
2023
. Poverty remains a key issue, with 5.4% of the population living below the national poverty line
2022
. The country has a relatively equitable distribution of income, with a Gini index of 33.5
2023
.
On the environment and energy front, energy consumption per capita is 1,857.311 kg of oil equivalent
2022
. There is a growing focus on sustainability, with renewable energy accounting for 19.0% of consumption
2021
. Its commitment to clean energy places it 82nd among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

The benefits of growth appear to be broadly shared, with relatively low poverty and a more equitable income distribution.

Energy & Sustainability

Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.