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“Thailand with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 7070, and the growth rate in 2022 is 2.6%.”
69.626 million
510890 km²
495.42 billion
7070 USD
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
In the past five years, the main drivers of Thailand’s economy have been private consumption and government spending. The proportion of private consumption in total GDP increased from 48.9% in 2017 to 52.1% in 2021, while government spending grew from 16.3% to 18.2% over the same period. In contrast to consumption, Thailand’s fixed investment proportion remained roughly the same, between 22.5% and 23.5%, while exports declined and imports increased over the same period. Going forward, the main driver of Thailand’s economy is expected to come from increased investment, especially from advanced market FDI, focused on the development of Thailand 4.0 and the corresponding Eastern Economic Corridor policy. This will attract investment from advanced manufacturers and related technology companies. At the same time, Thailand’s infrastructure upgrading plans have also crea...
1.3 %
6.1 %
50.7 %
1.5 人
