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%.
Thailand GDP from 1980 to 2024
The total market value of goods and services produced annually in Thailand.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |