Thailand Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Thailand Forecast: Real GDP Growth

  • Thailand Real GDP Growth is forecasted to be 3.400 % in Dec 2023 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 2.600 % in Dec 2022.
  • Looking ahead, Thailand Real GDP Growth is projected to stand at 3.053 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Thailand's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

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Thailand Forecast: Real GDP Growth
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Thailand Forecast: Real GDP Growth

What is Thailand's Forecast: Real GDP Growth in 2028?

Thailand Real GDP Growth is forecasted to be 3.400 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.053 2028 3.039 2027 -7.634 1998 13.288 1988 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 1.750 2024 yearly 2003 - 2024
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2030 yearly 2001 - 2030
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.336 2030 yearly 1987 - 2030
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 6.462 2030 yearly 1980 - 2030
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.635 2030 yearly 1980 - 2030
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.970 2030 yearly 1980 - 2030
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.189 2030 yearly 1980 - 2030
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.397 2030 yearly 1980 - 2030
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.950 2030 yearly 2001 - 2030
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 1.539 2031 yearly 1981 - 2031
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Sep 2025 quarterly Sep 2002 - Sep 2025
Consolidated Fiscal Balance (USD mn) -14,818.018 Oct 2025 monthly Oct 2001 - Oct 2025
Tax Revenue (USD mn) 68,755.587 2024 yearly 1984 - 2024
Tax Revenue: % of GDP (%) 13.2 2024 yearly 1990 - 2024
National Government Debt (USD mn) 340,585.0 Oct 2025 monthly Oct 1997 - Oct 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 1997 - Sep 2025
Forecast: Government Expenditure (THB bn) 5,245.892 2030 yearly 1995 - 2030
Forecast: Government Net Debt (THB bn) 15,433.076 2030 yearly 1996 - 2030
Forecast: Government Revenue (THB bn) 4,709.205 2030 yearly 1995 - 2030
Total Public Debt as % of GDP (%) 65.240 Oct 2025 monthly Jan 2005 - Oct 2025
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,436.9 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports (USD mn) 28,835.6 Oct 2025 monthly Oct 1990 - Oct 2025
Total Exports Growth (%) 1.3 Oct 2025 monthly Oct 1991 - Oct 2025
Aluminum: Exports (USD th) 1,786,225.975 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 538,858.502 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 138,487.036 2024 yearly 1995 - 2024
Total Imports (USD mn) 32,272.5 Oct 2025 monthly Jan 1991 - Oct 2025
Total Imports Growth (%) 11.4 Oct 2025 monthly Jan 1992 - Oct 2025
Imports: Medicament (USD th) 2,168,687.079 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 1,222,461.547 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,665.451 Oct 2025 monthly Jan 1971 - Oct 2025
Total Imports from USA (USD mn) 1,775.644 Oct 2025 monthly Jan 1971 - Oct 2025
Total Exports to China (USD mn) 3,113.666 Oct 2025 monthly Sep 1978 - Oct 2025
Total Imports from China (USD mn) 9,797.102 Oct 2025 monthly Apr 1974 - Oct 2025
MoC: Imports: Custom Basis (THB mn) 938,112.013 Jan 2025 monthly Jan 1991 - Jan 2025
MoC: Exports: Custom Basis (THB mn) 862,366.563 Jan 2025 monthly Oct 1990 - Jan 2025
MoC: Trade Balance: Custom Basis (THB mn) -75,745.450 Jan 2025 monthly Jan 1991 - Jan 2025
Imports Volume: Liquefied Natural Gas (Cub ft mn) 32,912.032 Oct 2025 monthly Jan 2010 - Oct 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,453.6 Jun 2025 quarterly Mar 2005 - Jun 2025
Current Account Balance (USD mn) -1,784.8 Oct 2025 monthly Jan 1985 - Oct 2025
Current Account Balance: % of GDP (%) 1.9 Sep 2025 quarterly Mar 1993 - Sep 2025
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 4.9 Jun 2025 quarterly Mar 1993 - Jun 2025
Foreign Portfolio Investment (USD mn) -2,528.950 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) -1.8 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 552.9 Jun 2025 quarterly Mar 1976 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -3,081.890 Jun 2025 quarterly Mar 1976 - Jun 2025
External Debt (USD mn) 201,188.5 Jun 2025 quarterly Mar 1999 - Jun 2025
External Debt: % of GDP (%) 35.5 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term (USD mn) 84,636.8 Jun 2025 quarterly Mar 1999 - Jun 2025
External Debt: Short Term: % of GDP (%) 16.4 2024 yearly 1980 - 2024
Forecast: Current Account Balance (USD bn) 11.357 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 109,479.150 Jun 2025 quarterly Mar 2012 - Jun 2025
BOP: USD: Current Account Balance (USD mn) -1,784.760 Oct 2025 monthly Jan 2005 - Oct 2025
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.8 Jun 2025 quarterly Mar 2003 - Jun 2025
Non-Performing Loans (USD mn) 15,892.732 Sep 2025 quarterly Mar 1998 - Sep 2025
Money Supply M1 (USD mn) 104,141.571 Oct 2025 monthly Dec 1975 - Oct 2025
Money Supply M2 (USD mn) 834,540.860 Oct 2025 monthly Jan 1997 - Oct 2025
M2 Growth (%) 3.0 Oct 2025 monthly Jan 1998 - Oct 2025
Reserve Requirement Ratio (%) 1.0 Nov 2025 monthly Sep 1997 - Nov 2025
Foreign Exchange Reserves (USD mn) 235,961.5 Nov 2025 monthly Jan 1993 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 7.3 Oct 2025 monthly Jan 1991 - Oct 2025
Gold Reserves (USD mn) 31,908.980 Nov 2025 monthly Dec 1956 - Nov 2025
Total Deposits (USD mn) 549,779.214 Oct 2025 monthly Dec 2000 - Oct 2025
Total Deposits Growth (%) 0.8 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit (USD mn) 849,242.6 Oct 2025 monthly Jan 2003 - Oct 2025
Domestic Credit Growth (%) 2.3 Oct 2025 monthly Jan 2004 - Oct 2025
Debt Service Ratio: Private Non-Financial Sector (%) 14.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 506.230 Jun 2025 quarterly Dec 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 946.456 Jun 2025 quarterly Mar 1957 - Jun 2025
Household Debt (USD mn) 502,273.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Total Loans (USD mn) 549,836.344 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) -1.99 Oct 2025 monthly Jan 2004 - Oct 2025
Private Debt: % of Nominal GDP (%) 162.66 Sep 2025 quarterly Mar 2011 - Sep 2025
Private Credits (THB mn) 30,554,405.000 Oct 2025 monthly Jan 2011 - Oct 2025
Credit: Outs: CB: Individuals (THB mn) 6,075,688.000 Oct 2025 monthly Jan 2004 - Oct 2025
Credit: Outs: CB: Businesses (THB mn) 6,437,995.000 Oct 2025 monthly Jan 2004 - Oct 2025
Deposit: Outs: CB: Businesses (THB mn) 5,757,593.000 Oct 2025 monthly Oct 2003 - Oct 2025
Deposit: Outs: CB: Individuals (THB mn) 8,842,727.000 Oct 2025 monthly Oct 2003 - Oct 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 1.4 Nov 2025 monthly Feb 2000 - Nov 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 53.100 Jan 2025 monthly Jan 2013 - Jan 2025

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