Thailand GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Thailand's GDP changed from approximately $33B 421M in 1980 to $548B 890M in 2024, showing an overall 1542.3% sharply increased during the period.
The lowest GDP was recorded in 1980 at $33B 421M, and the highest in 2024 at $548B 890M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.6%.
For comparison, the average annual growth rate of Vietnam was 6.0%, and that of Indonesia was 6.3%.

Overview of Thailand's GDP (1980–2024)

The Gross Domestic Product (GDP) of Thailand recorded a 1542.3% sharply increased from 1980 to 2024.
The average GDP during this period was $234B 868M, and the median was $169B 279M.
GDP fluctuated within a range of $515B 468M, with a standard deviation of $172B 581M.
The average annual change was $12B 571M.


Thailand GDP from 1980 to 2024

The total market value of goods and services produced annually in Thailand.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $33B 421M
    • Highest GDP: 2024, $548B 890M
    • Most Recent GDP: 2024, $548B 890M

    Notable Annual GDP Changes

    • 2010: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Thailand's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $543B 977M → $500B 462M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $262B 942M → $281B 711M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $126B 392M → $120B 296M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $150B 180M → $113B 676M
    • Outcome: sharply declined

    Key Economic Indicators of Thailand (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 33B 421M
    $ 705.48
    $ 1,576.19
    $ 74B 671M
    4.601 %
    -6.212 %
    17.72 %
    0 %
    47M 374K people
    1981
    $ 35B 999M
    $ 744.91
    $ 1,791.30
    $ 86B 567M
    5.91 %
    -7.142 %
    18.29 %
    0 %
    48M 326K people
    1982
    $ 37B 799M
    $ 767.41
    $ 1,965.98
    $ 96B 836M
    5.353 %
    -2.654 %
    19.73 %
    0 %
    49M 256K people
    1983
    $ 41B 366M
    $ 824.45
    $ 2,117.52
    $ 106B 244M
    5.581 %
    -6.946 %
    18.17 %
    0 %
    50M 174K people
    1984
    $ 43B 179M
    $ 845.08
    $ 2,278.49
    $ 116B 419M
    5.76 %
    -4.883 %
    19.24 %
    0 %
    51M 95K people
    1985
    $ 40B 185M
    $ 772.39
    $ 2,415.61
    $ 125B 677M
    4.643 %
    -3.826 %
    23.52 %
    0 %
    52M 27K people
    1986
    $ 44B 520M
    $ 840.32
    $ 2,553.83
    $ 135B 302M
    5.534 %
    0.555 %
    25.60 %
    0 %
    52M 980K people
    1987
    $ 52B 204M
    $ 967.71
    $ 2,814.92
    $ 151B 853M
    9.519 %
    -0.702 %
    26.28 %
    0 %
    53M 946K people
    1988
    $ 63B 704M
    $ 1,160.54
    $ 3,244.56
    $ 178B 99M
    13.288 %
    -2.597 %
    28.95 %
    0 %
    54M 892K people
    1989
    $ 74B 637M
    $ 1,338.26
    $ 3,723.20
    $ 207B 651M
    12.194 %
    -3.347 %
    30.60 %
    0 %
    55M 772K people
    1990
    $ 88B 467M
    $ 1,564.17
    $ 4,251.55
    $ 240B 460M
    11.623 %
    -8.23 %
    41.54 %
    0 %
    56M 558K people
    1991
    $ 101B 247M
    $ 1,769.04
    $ 4,708.55
    $ 269B 482M
    8.403 %
    -7.478 %
    34.78 %
    0 %
    57M 232K people
    1992
    $ 115B 576M
    $ 1,999.20
    $ 5,207.71
    $ 301B 63M
    9.23 %
    -5.454 %
    34.45 %
    0 %
    57M 811K people
    1993
    $ 128B 889M
    $ 2,209.36
    $ 5,741.34
    $ 334B 937M
    8.676 %
    -4.931 %
    34.90 %
    0 %
    58M 338K people
    1994
    $ 146B 684M
    $ 2,491.43
    $ 6,275.07
    $ 369B 447M
    7.997 %
    -5.494 %
    35.59 %
    0 %
    58M 875K people
    1995
    $ 169B 279M
    $ 2,846.59
    $ 6,857.91
    $ 407B 821M
    8.12 %
    -8.023 %
    35.05 %
    0 %
    59M 467K people
    1996
    $ 183B 35M
    $ 3,043.98
    $ 7,296.83
    $ 438B 760M
    5.652 %
    -8.027 %
    34.69 %
    0 %
    60M 130K people
    1997
    $ 150B 180M
    $ 2,468.18
    $ 7,133.28
    $ 434B 36M
    -2.754 %
    -2.012 %
    32.20 %
    0 %
    60M 847K people
    1998
    $ 113B 676M
    $ 1,845.83
    $ 6,582.88
    $ 405B 407M
    -7.634 %
    12.529 %
    32.64 %
    0 %
    61M 585K people
    1999
    $ 126B 669M
    $ 2,033.26
    $ 6,901.32
    $ 429B 943M
    4.572 %
    9.811 %
    30.02 %
    0 %
    62M 299K people