GDP (constant LCU), annual growth rate in Thailand
Thailand: GDP (constant LCU), annual growth rate was 2.53 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Thailand, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant lcu), annual growth rate in Thailand stood at 2.53 % change on previous year.
Compared with earlier readings it is up 25.2% on the previous year and up 156.6% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Thailand peaked at 13.29 % change on previous year in 1988 and was at its lowest, -7.63 % change on previous year, in 1998.
That places Thailand 132nd out of 212 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Thailand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.9 % change on previous year | — |
| 1972 | 4.28 % change on previous year | -12.6% |
| 1973 | 10.24 % change on previous year | +139.3% |
| 1974 | 4.47 % change on previous year | -56.4% |
| 1975 | 4.97 % change on previous year | +11.3% |
| 1976 | 9.33 % change on previous year | +87.6% |
| 1977 | 9.84 % change on previous year | +5.5% |
| 1978 | 10.3 % change on previous year | +4.6% |
| 1979 | 5.37 % change on previous year | -47.8% |
| 1980 | 5.17 % change on previous year | -3.7% |
| 1981 | 5.91 % change on previous year | +14.2% |
| 1982 | 5.35 % change on previous year | -9.4% |
| 1983 | 5.58 % change on previous year | +4.3% |
| 1984 | 5.75 % change on previous year | +3.0% |
| 1985 | 4.65 % change on previous year | -19.2% |
| 1986 | 5.53 % change on previous year | +19.1% |
| 1987 | 9.52 % change on previous year | +72.0% |
| 1988 | 13.29 % change on previous year | +39.6% |
| 1989 | 12.19 % change on previous year | -8.3% |
| 1990 | 11.17 % change on previous year | -8.4% |
| 1991 | 8.56 % change on previous year | -23.4% |
| 1992 | 8.08 % change on previous year | -5.6% |
| 1993 | 8.25 % change on previous year | +2.1% |
| 1994 | 8 % change on previous year | -3.1% |
| 1995 | 8.12 % change on previous year | +1.5% |
| 1996 | 5.65 % change on previous year | -30.4% |
| 1997 | -2.75 % change on previous year | -148.7% |
| 1998 | -7.63 % change on previous year | +177.2% |
| 1999 | 4.57 % change on previous year | -159.9% |
| 2000 | 4.46 % change on previous year | -2.6% |
| 2001 | 3.44 % change on previous year | -22.7% |
| 2002 | 6.15 % change on previous year | +78.5% |
| 2003 | 7.19 % change on previous year | +16.9% |
| 2004 | 6.29 % change on previous year | -12.5% |
| 2005 | 4.19 % change on previous year | -33.4% |
| 2006 | 4.97 % change on previous year | +18.6% |
| 2007 | 5.44 % change on previous year | +9.4% |
| 2008 | 1.73 % change on previous year | -68.2% |
| 2009 | -0.6906 % change on previous year | -140.0% |
| 2010 | 7.51 % change on previous year | -1187.9% |
| 2011 | 0.8401 % change on previous year | -88.8% |
| 2012 | 7.24 % change on previous year | +762.1% |
| 2013 | 2.69 % change on previous year | -62.9% |
| 2014 | 0.9845 % change on previous year | -63.4% |
| 2015 | 3.13 % change on previous year | +218.4% |
| 2016 | 3.44 % change on previous year | +9.6% |
| 2017 | 4.18 % change on previous year | +21.6% |
| 2018 | 4.22 % change on previous year | +1.1% |
| 2019 | 2.11 % change on previous year | -49.9% |
| 2020 | -6.05 % change on previous year | -386.1% |
| 2021 | 1.55 % change on previous year | -125.7% |
| 2022 | 2.58 % change on previous year | +66.3% |
| 2023 | 2.02 % change on previous year | -21.8% |
| 2024 | 2.53 % change on previous year | +25.2% |
Thailand compared with similar countries
- Thailand's 2.53 % change on previous year is below the median for upper middle income countries, which is 3.34 % change on previous year, 76% of the median. (58 countries reporting)
- Thailand's 2.53 % change on previous year is below the median for East Asia & Pacific, which is 3.84 % change on previous year, 66% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1187.9% | -0.6906 % change on previous year | 7.51 % change on previous year |
| 2012 | +762.1% | 0.8401 % change on previous year | 7.24 % change on previous year |
| 2020 | -386.1% | 2.11 % change on previous year | -6.05 % change on previous year |
| 2015 | +218.4% | 0.9845 % change on previous year | 3.13 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.08 % change on previous year | 4.28 % change on previous year | 10.3 % change on previous year | 9 |
| 1980s | 7.29 % change on previous year | 4.65 % change on previous year | 13.29 % change on previous year | 10 |
| 1990s | 5.2 % change on previous year | -7.63 % change on previous year | 11.17 % change on previous year | 10 |
| 2000s | 4.32 % change on previous year | -0.6906 % change on previous year | 7.19 % change on previous year | 10 |
| 2010s | 3.64 % change on previous year | 0.8401 % change on previous year | 7.51 % change on previous year | 10 |
| 2020s | 0.5253 % change on previous year | -6.05 % change on previous year | 2.58 % change on previous year | 5 |
Countries ranked near Thailand
- 129 Congo 2.58 % change on previous year compare
- 130 Hong Kong 2.54 % change on previous year compare
- 131 Solomon Islands 2.54 % change on previous year compare
- 133 Faroe Islands 2.49 % change on previous year compare
- 134 Jordan 2.49 % change on previous year compare
- 135 Bosnia and Herzegovina 2.48 % change on previous year compare
More population data for Thailand
- Population regions with projections, annual growth rate -0.7473 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.57 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.7473 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.8771 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 67,880 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.0154 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.4671 % change on previous year (2100)
- World population growth -0.7% (2100)
- Population density 89.17 people per km² (2100)
- Number of children under 5, by world region 1.67 million people (2100)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Thailand?
- Gdp (constant lcu), annual growth rate in Thailand was 2.53 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Thailand?
- The highest recorded value was 13.29 % change on previous year in 1988.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Thailand?
- The lowest recorded value was -7.63 % change on previous year in 1998.
- How does Thailand rank for gdp (constant lcu), annual growth rate?
- Thailand ranks 132nd out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in Thailand?
- Over the last ten years it is up 156.6%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.