Economy, jobs and prices in Phayao, Thailand: official figures
The gross provincial product (GPP) of Phayao was 40.1 billion baht in 2024 (provisional, current prices), 0.21% of Thailand's 18.68 trillion baht; 16th lowest of 77 provinces by size of economy.
What is the GDP per capita of Phayao?
Economic output per person in Phayao was 114,153 baht in 2024 (GPP divided by population, current prices), 29th lowest of 77 provinces; the figure for Thailand as a whole was 266,103 baht.
Source: Office of the National Economic and Social Development Council · saved copyHow fast is the economy of Phayao growing?
After allowing for price changes, the economy of Phayao shrank by 2.8% in 2024 (chain volume measures), ranking 5th slowest of 77 provinces for growth (Thailand: 2.9%).
Source: Office of the National Economic and Social Development Council · saved copyHow much has income per person grown in Phayao?
Output per person in Phayao rose 19% between 2019 and 2024, from 95,638 to 114,153 baht (current prices, so partly inflation); across Thailand it rose 9%.
Source: Office of the National Economic and Social Development Council · saved copyWhat are the main industries in Phayao?
In Phayao, agriculture, forestry and fishing made up 29.7% of GPP in 2024, industry (mining, manufacturing, power and water) 7.4% and services (including construction) 62.9%. For Thailand as a whole the shares were 8.9%, 29.4% and 61.7%.
Source: Office of the National Economic and Social Development Council · saved copyWhat does Phayao make its money from?
The three biggest sectors of the Phayao economy in 2024 were agriculture, forestry and fishing (29.7% of GPP), education (18.2%) and wholesale and retail trade (9.8%).
Source: Office of the National Economic and Social Development Council · saved copyHow important is manufacturing in Phayao?
Manufacturing accounted for 5.0% of GPP in Phayao in 2024, 4th lowest of 77 provinces (Thailand: 24.2%), and hotels and restaurants for 0.8% (Thailand: 6.2%), 23rd lowest of 77.
Source: Office of the National Economic and Social Development Council · saved copyWhat is the unemployment rate in Phayao?
The unemployment rate in Phayao averaged 0.75% across the four quarters of 2025 (B.E. 2568) in the Labour Force Survey, about 1,380 unemployed people on average; it ranks 33rd lowest of 66 among the provinces with a full year of data (Thailand: 0.82%).
Source: National Statistical Office of Thailand · saved copyHow many people are employed in Phayao?
An average of 181,700 people were in work in Phayao during 2025 (B.E. 2568), 61.2% of everyone aged 15 and over (Thailand: 66.6%).
Source: National Statistical Office of Thailand · saved copyWhat is the labour force participation rate in Phayao?
61.7% of people aged 15 and over in Phayao were working or looking for work in 2025 (B.E. 2568), it ranks 14th lowest of 76 provinces (Thailand: 67.2%).
Source: National Statistical Office of Thailand · saved copyHow Phayao compares with other provinces
Gross provincial product per person (2024)
Phayao ranks 49 of 77, highest first. Baht per person per year, current prices, provisional 2024.
| Rank | Region | Gross provincial product per person |
|---|---|---|
| 46 | Nong Khai | 120,203 baht |
| 47 | Satun | 119,979 baht |
| 48 | Ranong | 114,911 baht |
| 49 | Phayao | 114,153 baht |
| 50 | Phichit | 110,192 baht |
| 51 | Chiang Rai | 107,724 baht |
| 52 | Phetchabun | 107,129 baht |
Real growth of the provincial economy (2024)
Phayao ranks 73 of 77, highest first. Change in gross provincial product, chain volume measures, 2024 on 2023.
| Rank | Region | Real growth of the provincial economy |
|---|---|---|
| 70 | Chiang Rai | -2.4% |
| 71 | Chumphon | -2.4% |
| 72 | Lampang | -2.5% |
| 73 | Phayao | -2.8% |
| 74 | Nan | -3.1% |
| 75 | Chachoengsao | -3.3% |
| 76 | Saraburi | -4.2% |
Unemployment rate (2025 (B.E. 2568))
Phayao ranks 34 of 66, highest first. Average of the four quarterly Labour Force Surveys; provinces with a missing quarter are left out.
| Rank | Region | Unemployment rate |
|---|---|---|
| 31 | Chiang Mai | 0.88% |
| 32 | Lop Buri | 0.83% |
| 33 | Phatthalung | 0.79% |
| 34 | Phayao | 0.75% |
| 35 | Prachin Buri | 0.75% |
| 36 | Saraburi | 0.73% |
| 37 | Ranong | 0.71% |
More on Phayao: overview · health · education and schools · poverty and living standards · Thailand
Sources
- Office of the National Economic and Social Development Council: Gross Regional and Provincial Product, 2024 edition (current prices and chain volume measures, 1995-2024p), with provincial population, read 24 October 2026 · saved copy (SHA-256 929ba8ab2624…)
- National Statistical Office of Thailand: Labour Force Survey: unemployed, current labour force, employed and working-age population by province, quarters 1-4 of B.E. 2568 (2025), read 24 October 2026 · saved copy (SHA-256 7f4f7e5349ce…)
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