Browse a full set of economic indicators


Includes historical data for Thailand’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

In Partnership With

Reforms Produce High Economic Growth

Positioned strategically as a regional hub with access to major Asian markets, Thailand’s free-market economy and pro-investment policies have created an environment conducive to economic dynamism. In recent decades, Thailand has not only achieved consistently high growth rates but also implemented structural reforms that have significantly reduced poverty levels, allowing it to transition from a low-income nation to an upper-middle-income economy in 2011. With its exports spanning diverse sectors, well-capitalized commercial banks, and well-developed infrastructure, it attracts substantial foreign direct investment (FDI).

Nevertheless, Thailand faces several challenges. Weaknesses include heavy reliance on international trade, political instability, substantial informal labor activity, as well as an aging population and the increasing frequency of natural disasters.

Thailand GDP & Economic Overview

Macroeconomy & Sovereign Data

Type of Government Constitutional monarchy
Capital Bangkok
Sovereign Ratings S&P: BBB+
Moody’s: Baa1
Fitch: BBB+
Total Population 70.3 million
Median Age 40.2
Adult Per Capita Income (PPP) 21,126.00
Total GDP (2023) 543.2 billion

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Banking & Finance

Trade & Investment

Total Exports USD 294.3 billion (2022)
Leading Exports Crude Petroleum
Integrated Circuits
Natural Gas
Vehicle Parts
Total Imports USD 347.1 billion (2022)
Leading Imports Office Machinery/Parts
Cars And Vehicle Parts
Integrated Circuits
Delivery Trucks
Refined Petroleum

Source: World Integrated Trade Solution

Thailand Leading Companies

Bangkok Bank Financials
Bangkok Bank Financials
PTT Energy, Oil & Gas Exploration & Production
Charoen Pokphand Foods Consumer Staples, Food Products
Bangchak Corporation Energy, Oil & Gas Refining & Marketing
Advanced Info Service (AIS) Telecommunication Services
Thai Airways Transportation, Airlines

Major Trade Partners — Import

China 24.8%
Japan 13.3%
United States 5.4%
Malaysia 4.5%
Other Asia 3.9%

Major Trade Partners — Export

United States 15.5%
China 13.7%
Japan 9.2%
Vietnam 4.6%
Malaysia 4.5%

In Partnership With

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000