Economy, jobs and prices in Phrae, Thailand: official figures
The gross provincial product (GPP) of Phrae was 33.2 billion baht in 2024 (provisional, current prices), 0.18% of Thailand's 18.68 trillion baht; 7th lowest of 77 provinces by size of economy.
What is the GDP per capita of Phrae?
Economic output per person in Phrae was 92,993 baht in 2024 (GPP divided by population, current prices), 16th 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 Phrae growing?
After allowing for price changes, the economy of Phrae shrank by 2.2% in 2024 (chain volume measures), ranking 10th 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 Phrae?
Output per person in Phrae rose 14% between 2019 and 2024, from 81,574 to 92,993 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 Phrae?
In Phrae, agriculture, forestry and fishing made up 19.2% of GPP in 2024, industry (mining, manufacturing, power and water) 13.5% and services (including construction) 67.3%. 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 Phrae make its money from?
The three biggest sectors of the Phrae economy in 2024 were agriculture, forestry and fishing (19.2% of GPP), education (12.9%) and manufacturing (10.2%).
Source: Office of the National Economic and Social Development Council · saved copyHow important is manufacturing in Phrae?
Manufacturing accounted for 10.2% of GPP in Phrae in 2024, 28th lowest of 77 provinces (Thailand: 24.2%), and hotels and restaurants for 1.4% (Thailand: 6.2%), 36th highest of 77.
Source: Office of the National Economic and Social Development Council · saved copyWhat is the unemployment rate in Phrae?
The unemployment rate in Phrae averaged 0.97% across the four quarters of 2025 (B.E. 2568) in the Labour Force Survey, about 1,850 unemployed people on average; it ranks 23rd highest 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 Phrae?
An average of 187,900 people were in work in Phrae during 2025 (B.E. 2568), 62.2% of everyone aged 15 and over (Thailand: 66.6%).
Source: National Statistical Office of Thailand · saved copyWhat is the labour force participation rate in Phrae?
62.8% of people aged 15 and over in Phrae were working or looking for work in 2025 (B.E. 2568), it ranks 21st lowest of 76 provinces (Thailand: 67.2%).
Source: National Statistical Office of Thailand · saved copyHow Phrae compares with other provinces
Gross provincial product per person (2024)
Phrae ranks 62 of 77, highest first. Baht per person per year, current prices, provisional 2024.
| Rank | Region | Gross provincial product per person |
|---|---|---|
| 59 | Phatthalung | 95,232 baht |
| 60 | Si Sa Ket | 94,693 baht |
| 61 | Buri Ram | 94,090 baht |
| 62 | Phrae | 92,993 baht |
| 63 | Amnat Charoen | 92,770 baht |
| 64 | Surin | 90,895 baht |
| 65 | Nan | 90,497 baht |
Real growth of the provincial economy (2024)
Phrae ranks 68 of 77, highest first. Change in gross provincial product, chain volume measures, 2024 on 2023.
| Rank | Region | Real growth of the provincial economy |
|---|---|---|
| 65 | Nakhon Pathom | -0.8% |
| 66 | Samut Songkhram | -1.0% |
| 67 | Yasothon | -1.7% |
| 68 | Phrae | -2.2% |
| 69 | Prachin Buri | -2.3% |
| 70 | Chiang Rai | -2.4% |
| 71 | Chumphon | -2.4% |
Unemployment rate (2025 (B.E. 2568))
Phrae ranks 23 of 66, highest first. Average of the four quarterly Labour Force Surveys; provinces with a missing quarter are left out.
| Rank | Region | Unemployment rate |
|---|---|---|
| 20 | Phetchabun | 1.03% |
| 21 | Chai Nat | 1.01% |
| 22 | Songkhla | 0.99% |
| 23 | Phrae | 0.97% |
| 24 | Suphan Buri | 0.95% |
| 25 | Phuket | 0.94% |
| 26 | Pathum Thani | 0.94% |
More on Phrae: 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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