Thailand — GDP growth
GDP Growth (Annual %) for Thailand, 1961–2025.
GDP growth for Thailand was 2.44% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 13.29% in 1988. The lowest was -7.63% in 1998 (about -3.1× the latest value). Across that span the compound annual growth rate works out to -1.22% per year.
Thailand ranks 134 of 212 economies on this measure (1 = highest), putting it in the top 63%. The median for East Asia & Pacific is 3.62%, so Thailand sits below it. It peaked in 1988 and has fallen 82% since. Over the last decade (2015–2025) the figure moved down 22%. Within East Asia & Pacific it ranks 23 of 36 economies; Marshall Islands (2.28%) is just below it. Its sharpest one-year move was up 1188% in 2010. That is 18% above this series' own ten-year average.
Data highlights
From its 1961 level: doubled by 1966.
World ranking. Slipped: 45th of 107 in 1961 → 15th of 119 in 1970 → 53rd of 152 in 1980 → 13th of 176 in 1990 → 89th of 199 in 2000 → 38th of 209 in 2010 → 132nd of 209 in 2020 → 123rd of 186 in 2025.
Key figures
Full history — 1961 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.44% | -0.5 pp |
| 2024 | 2.95% | +0.7 pp |
| 2023 | 2.25% | -0.4 pp |
| 2022 | 2.64% | +1.1 pp |
| 2021 | 1.56% | +7.7 pp |
| 2020 | -6.09% | -8.2 pp |
| 2019 | 2.11% | -2.1 pp |
| 2018 | 4.22% | +0.0 pp |
| 2017 | 4.18% | +0.7 pp |
| 2016 | 3.44% | +0.3 pp |
| 2015 | 3.13% | +2.1 pp |
| 2014 | 0.98% | -1.7 pp |
| 2013 | 2.69% | -4.6 pp |
| 2012 | 7.24% | +6.4 pp |
| 2011 | 0.84% | -6.7 pp |
| 2010 | 7.51% | +8.2 pp |
| 2009 | -0.69% | -2.4 pp |
| 2008 | 1.73% | -3.7 pp |
| 2007 | 5.44% | +0.5 pp |
| 2006 | 4.97% | +0.8 pp |
| 2005 | 4.19% | -2.1 pp |
| 2004 | 6.29% | -0.9 pp |
| 2003 | 7.19% | +1.0 pp |
| 2002 | 6.15% | +2.7 pp |
| 2001 | 3.44% | -1.0 pp |
| 2000 | 4.46% | -0.1 pp |
| 1999 | 4.57% | +12.2 pp |
| 1998 | -7.63% | -4.9 pp |
| 1997 | -2.75% | -8.4 pp |
| 1996 | 5.65% | -2.5 pp |
| 1995 | 8.12% | +0.1 pp |
| 1994 | 8% | -0.3 pp |
| 1993 | 8.25% | +0.2 pp |
| 1992 | 8.08% | -0.5 pp |
| 1991 | 8.56% | -2.6 pp |
| 1990 | 11.17% | -1.0 pp |
| 1989 | 12.19% | -1.1 pp |
| 1988 | 13.29% | +3.8 pp |
| 1987 | 9.52% | +4.0 pp |
| 1986 | 5.53% | +0.9 pp |
| 1985 | 4.65% | -1.1 pp |
| 1984 | 5.75% | +0.2 pp |
| 1983 | 5.58% | +0.2 pp |
| 1982 | 5.35% | -0.6 pp |
| 1981 | 5.91% | +0.7 pp |
| 1980 | 5.17% | -0.2 pp |
| 1979 | 5.37% | -4.9 pp |
| 1978 | 10.3% | +0.5 pp |
| 1977 | 9.84% | +0.5 pp |
| 1976 | 9.33% | +4.4 pp |
| 1975 | 4.97% | +0.5 pp |
| 1974 | 4.47% | -5.8 pp |
| 1973 | 10.24% | +6.0 pp |
| 1972 | 4.28% | -0.6 pp |
| 1971 | 4.9% | -6.5 pp |
| 1970 | 11.41% | +4.9 pp |
| 1969 | 6.55% | -1.6 pp |
| 1968 | 8.12% | -0.5 pp |
| 1967 | 8.62% | -2.5 pp |
| 1966 | 11.12% | +2.9 pp |
| 1965 | 8.18% | +1.4 pp |
| 1964 | 6.83% | -1.2 pp |
| 1963 | 8% | +0.4 pp |
| 1962 | 7.55% | +2.2 pp |
| 1961 | 5.36% | — |
Frequently asked questions
What was Thailand’s GDP growth in 1962?
7.55% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Thailand’s GDP growth growing or shrinking?
Between 1961 and 2025 the series was shrinking overall: -54.4% in total — about 1.2% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.44%; 2024: 2.95%; 2023: 2.25%; 2022: 2.64%; 2021: 1.56%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.