Thailand: economy

What is Thailand's GDP growth rate?

Thailand's GDP grew 1.9% in the second quarter of 2026 compared with a year earlier, according to key indicators published by the National Statistical Office. Quarterly GDP is compiled by the Office of the National Economic and Social Development Council.

The Bank of Thailand projects growth of 2.3% for 2026 and 1.8% for 2027, after 2.4% in 2025. Its forecast includes the government's 400-billion-baht emergency borrowing measures, which it estimates add about 0.5 percentage points to growth in 2026. The Bank says exports and private investment are supported by the technology and AI cycle, while household spending is growing more slowly. The World Bank records growth of 2.4% in 2025 and 2.9% in 2024.

Official sources: NSO: key indicators (homepage) · Bank of Thailand: Monetary Policy Report Q2 2026 (PDF) · World Bank: GDP growth, Thailand

What is the inflation rate in Thailand?

Consumer prices in Thailand were 2.53% higher in August 2026 than a year earlier, according to the National Statistical Office. Core inflation, which leaves out fresh food and energy, was 1.44%.

Prices fell 0.1% on average in 2025, according to the Bank of Thailand, whose medium-term target is inflation of 1% to 3%. The Bank's Monetary Policy Committee said in August that inflation is expected to rise into the first quarter of 2027 because of El Niño and the gradual passing on of costs, then return to low levels.

Official sources: NSO: key indicators (homepage) · Bank of Thailand: Monetary Policy Report Q2 2026 (PDF) · Bank of Thailand: Monetary Policy Committee's Decision 4/2026

What is Thailand's interest rate?

The Bank of Thailand's policy rate is 1.00%, held by a unanimous vote of the Monetary Policy Committee on 26 August 2026.

The Committee said growth remained low and uneven: exports and investment were supported by the technology and AI cycle, while household spending was slower amid rising living costs and loans to small and medium-sized firms continued to contract. The policy rate guides what banks charge on loans and pay on deposits. The Committee's next meetings are listed on the Bank's meeting schedule.

Official sources: Bank of Thailand: Monetary Policy Committee's Decision 4/2026 · Bank of Thailand: MPC meeting schedule

What is the baht to dollar exchange rate?

The weighted-average interbank exchange rate was 33.553 baht per US dollar on 14 October 2026, according to the Bank of Thailand daily exchange rates. Commercial banks in Bangkok sold dollars for transfer at an average of 33.7219 baht.

The Bank of Thailand publishes the rates every working day on its exchange rate page. Its Monetary Policy Committee said in August that the baht had been volatile, driven by events in the Middle East and changing expectations about US interest rates.

Official sources: Bank of Thailand: daily foreign exchange rates (Excel) · Bank of Thailand: daily foreign exchange rates · Bank of Thailand: Monetary Policy Committee's Decision 4/2026

How much does Thailand export?

The value of Thailand's merchandise exports is projected to grow 14.0% in 2026, after 12.7% in 2025, according to the Bank of Thailand Monetary Policy Report for the second quarter of 2026. Imports are projected to grow faster, by 20.2%, after 13.0%.

As a result the Bank expects the current account, which covers trade in goods and services and income flows, to be roughly balanced in 2026, after a surplus of US$17.4 billion in 2025. The Bank says exports of technology products have benefited from the AI cycle, but rely heavily on imported inputs. Monthly trade figures are published by the Ministry of Commerce and the Bank of Thailand.

Official sources: Bank of Thailand: Monetary Policy Report Q2 2026 (PDF)

How many tourists visit Thailand?

33.0 million foreign tourists visited Thailand in 2025, and the Bank of Thailand projects the same number for 2026, rising to 35.5 million in 2027. Tourism receipts are projected at 1.5 trillion baht in 2026, up from 1.4 trillion in 2025.

International arrivals were 39.9 million in 2019, before the pandemic, according to the World Bank, which uses UN Tourism data. The Bank of Thailand's Monetary Policy Committee monitors tourism as one of the main drivers of the economy, alongside exports and investment.

Official sources: Bank of Thailand: Monetary Policy Report Q2 2026 (PDF) · World Bank: international tourism arrivals, Thailand · Bank of Thailand: Monetary Policy Committee's Decision 4/2026

What is Thailand's economic growth rate?

2.4%: that is real GDP growth in Thailand for 2025, according to the World Bank. The peak was 7.5% in 2010 and the low -6.1% in 2020. Across East Asia & Pacific the middle value was 3.6%, and Thailand placed 19th highest of 29. Worldwide: 118th of 180.

What is Thailand's GDP per person?

In 2025, GDP per person in Thailand was $8,057, according to the World Bank. That is the highest since at least 2005. It is 12th highest of 29 in East Asia & Pacific, where the median is $6,547. Worldwide: 87th of 180.

How does Thailand's income per person compare after prices?

$26,250 in international dollars: that is GDP per person at purchasing power parity in Thailand for 2025, according to the World Bank. It is the top of the series, which starts in 2005. East Asia & Pacific median: $14,200 in international dollars; Thailand is 9th highest of 29. Worldwide: 72nd of 179.

What share of Thailand's economy is exports?

The World Bank puts exports of goods and services in Thailand at 71.1% of GDP in 2025. The peak was 71.4% of GDP in 2008 and the low 51.3% of GDP in 2020. East Asia & Pacific median: 53.8% of GDP; Thailand is 4th highest of 16. Worldwide: 19th of 133.

What is Thailand's current account balance?

In 2025, the current account balance in Thailand was 3.0% of GDP, according to the IMF. Since 2005 it has ranged from -4.0% of GDP (2005) to 10.5% of GDP (2016). East Asia & Pacific median: 1.6% of GDP; Thailand is 9th highest of 19. World rank, highest first: 31st of 132.

How much foreign investment does Thailand receive?

The latest figure from the IMF, for 2025, is 3.2% of GDP. The peak was 4.3% of GDP in 2005 and the low -0.9% of GDP in 2020. Across East Asia & Pacific the middle value was 1.9% of GDP, and Thailand placed 11th highest of 28. World rank, highest first: 61st of 179.

How high are loan rates in Thailand?

In 2025, the average bank lending rate in Thailand was 5.0%, according to the IMF. The peak was 6.3% in 2006 and the low 3.1% in 2021. East Asia & Pacific median: 6.5%; Thailand is 7th highest of 10. Of 73 countries with 2025 data, 63rd highest.