Thailand Public Consumption: % of GDP

1993 - 2023 | Quarterly | % | CEIC Data

Key information about Thailand Public Consumption: % of GDP

  • Thailand Public Consumption accounted for 15.9 % of its Nominal GDP in Dec 2023, compared with a share of 17.9 % in the previous quarter.
  • Thailand Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1993 to Dec 2023, with an average number of 15.0 %.
  • The data reached an all-time high of 20.4 % in Sep 2021 and a record low of 10.0 % in Dec 1994.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. The Office of the National Economic and Social Development Council provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Thailand Public Consumption: % of GDP

  • In the latest reports, Thailand GDP expanded 2.7 % YoY in Mar 2023.
  • Thailand Nominal GDP reached 132.0 USD bn in Mar 2023.
  • Its GDP deflator (implicit price deflator) increased 2.9 % in Mar 2023.
  • Thailand GDP Per Capita reached 7,801.1 USD in Dec 2023.
  • Its Gross Savings Rate was measured at 30.4 % in Mar 2023.
  • For Nominal GDP contributions, Investment accounted for 24.9 % in Dec 2023.
  • Private Consumption accounted for 57.2 % in Dec 2023.

View Thailand's Public Consumption: % of GDP from Mar 1993 to Dec 2023 in the chart:

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Thailand Public Consumption: % of GDP
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Thailand Public Consumption: % of GDP

What was Thailand's Public Consumption: % of GDP in Dec 2023?

Thailand Public Consumption accounted for 15.9 % of its Nominal GDP in Dec 2023, compared with a share of 17.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.9 Dec 2023 17.9 Sep 2023 10.0 Dec 1994 20.4 Sep 2021 % quarterly Mar 1993 - Dec 2023

Public Consumption: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 9.4 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 16.9 2023 yearly 1950 - 2023
Argentina (%) 15.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Armenia (%) 8.9 Mar 2024 quarterly Dec 1994 - Mar 2024
Australia (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 20.7 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 16.4 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 15.8 2021 yearly 1975 - 2021
Bangladesh (%) 5.7 2023 yearly 1973 - 2023
Belarus (%) 18.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Belgium (%) 24.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 21.5 Dec 2023 quarterly Mar 1990 - Dec 2023
Bosnia and Herzegovina (%) 20.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 31.8 Dec 2023 quarterly Mar 2006 - Dec 2023
Brazil (%) 21.0 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 17.6 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 20.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 7.4 2022 yearly 1993 - 2022
Canada (%) 21.2 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 15.7 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 15.9 2021 yearly 1952 - 2021
Colombia (%) 12.4 Mar 2024 quarterly Mar 2005 - Mar 2024
Croatia (%) 23.4 Mar 2024 quarterly Mar 1995 - Mar 2024
Cyprus (%) 22.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 22.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 22.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 13.3 Dec 2023 quarterly Mar 1991 - Dec 2023
Egypt (%) 6.0 Dec 2023 quarterly Sep 2001 - Dec 2023
Estonia (%) 23.5 Dec 2023 quarterly Mar 1993 - Dec 2023
European Union (%) 22.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Finland (%) 23.8 Dec 2022 quarterly Mar 1975 - Dec 2022
France (%) 22.9 Mar 2024 quarterly Mar 1980 - Mar 2024
Georgia (%) 12.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 22.6 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 5.9 2023 yearly 2006 - 2023
Greece (%) 21.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Hong Kong SAR, China (%) 13.7 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (%) 19.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 27.5 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 8.5 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 9.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (%) 10.7 Sep 2023 quarterly Jun 1988 - Sep 2023
Ireland (%) 11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 26.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 19.6 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 9.6 2023 yearly 1960 - 2023
Japan (%) 20.4 Mar 2023 quarterly Mar 1980 - Mar 2023
Jordan (%) 18.4 2022 yearly 1963 - 2022
Kazakhstan (%) 8.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.3 2022 yearly 1960 - 2022
South Korea (%) 17.6 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Kuwait (%) 24.8 2019 yearly 1962 - 2019
Kyrgyzstan (%) 17.9 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 14.0 2016 yearly 2000 - 2016
Latvia (%) 22.8 Dec 2023 quarterly Mar 1992 - Dec 2023
Lebanon (%) 15.7 2020 yearly 1990 - 2020
Lithuania (%) 20.0 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 22.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 14.6 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 17.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 11.2 Mar 2024 quarterly Mar 1991 - Mar 2024
Malta (%) 18.8 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 12.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Mexico (%) 10.9 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 18.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) 20.1 Dec 2022 quarterly Mar 2010 - Dec 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 18.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mozambique (%) 16.7 2022 yearly 1963 - 2022
Nepal (%) 6.3 2024 yearly 1975 - 2024
Netherlands (%) 24.3 Mar 2023 quarterly Mar 1977 - Mar 2023
New Zealand (%) 20.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 4.4 2022 yearly 1981 - 2022
Norway (%) 23.0 Mar 2024 quarterly Mar 1978 - Mar 2024
Oman (%) 17.9 2022 yearly 1980 - 2022
Pakistan (%) 9.7 2023 yearly 1960 - 2023
Palestinian Territory (%) 20.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Panama (%) 13.7 2021 yearly 1996 - 2021
Paraguay (%) 13.6 Dec 2023 quarterly Mar 1994 - Dec 2023
Peru (%) 14.9 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 20.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 20.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Qatar (%) 13.1 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 16.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 17.5 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (%) 27.6 Dec 2023 quarterly Mar 2003 - Dec 2023
Serbia (%) 16.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Singapore (%) 10.2 2023 yearly 1960 - 2023
Slovakia (%) 24.6 Dec 2022 quarterly Mar 1990 - Dec 2022
Slovenia (%) 21.0 Mar 2024 quarterly Mar 1995 - Mar 2024
South Africa (%) 19.8 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 19.2 Mar 2023 quarterly Mar 1980 - Mar 2023
Sri Lanka (%) 5.9 Mar 2023 quarterly Mar 2010 - Mar 2023
Sudan (%) 17.9 2022 yearly 1960 - 2022
Sweden (%) 25.8 Dec 2022 quarterly Mar 1980 - Dec 2022
Switzerland (%) 11.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Syria (%) 10.9 2021 yearly 1963 - 2021

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Thailand Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 Mar 2024 quarterly Sep 2002 - Mar 2024
Consolidated Fiscal Balance (USD mn) 5,458.700 Mar 2024 monthly Oct 2001 - Mar 2024
Tax Revenue (USD mn) 67,893.852 2022 yearly 1984 - 2022
Tax Revenue: % of GDP (%) 13.4 2022 yearly 1990 - 2022
National Government Debt (USD mn) 277,807.4 Mar 2024 monthly Oct 1997 - Mar 2024
Government Debt: % of GDP (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (THB bn) 5,065.690 2028 yearly 1995 - 2028
Forecast: Government Net Debt (THB bn) 13,689.050 2028 yearly 1996 - 2028
Forecast: Government Revenue (THB bn) 4,525.300 2028 yearly 1995 - 2028
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Total Public Debt as % of GDP (%) 63.370 Mar 2024 monthly Jan 2005 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,163.3 Mar 2024 monthly Jan 1957 - Mar 2024
Total Exports (USD mn) 24,960.6 Mar 2024 monthly Oct 1990 - Mar 2024
Total Exports Growth (%) -6.6 Mar 2024 monthly Oct 1991 - Mar 2024
Aluminum: Exports (USD th) 1,568,630.600 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 435,513.625 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 196,247.335 2022 yearly 1995 - 2022
Total Imports (USD mn) 26,123.8 Mar 2024 monthly Jan 1991 - Mar 2024
Total Imports Growth (%) 10.7 Mar 2024 monthly Jan 1992 - Mar 2024
Imports: Medicament (USD th) 1,843,219.521 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,586,101.179 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 4,635.400 Mar 2024 monthly Jan 1971 - Mar 2024
Total Imports from USA (USD mn) 1,694.729 Mar 2024 monthly Jan 1971 - Mar 2024
Total Exports to China (USD mn) 2,794.508 Mar 2024 monthly Sep 1978 - Mar 2024
Total Imports from China (USD mn) 5,631.694 Feb 2024 monthly Apr 1974 - Feb 2024
MoC: Exports: Custom Basis (THB mn) 892,289.821 Mar 2024 monthly Oct 1990 - Mar 2024
MoC: Trade Balance: Custom Basis (THB mn) -52,538.072 Mar 2024 monthly Jan 1991 - Mar 2024
MoC: Imports: Custom Basis (THB mn) 944,827.893 Mar 2024 monthly Jan 1991 - Mar 2024
Imports Volume: Liquefied Natural Gas (Cub ft mn) 48,436.350 Mar 2024 monthly Jan 2010 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,549.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) 1,082.1 Mar 2024 monthly Jan 1985 - Mar 2024
Current Account Balance: % of GDP (%) 1.5 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Portfolio Investment (USD mn) -1,146.350 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.9 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -741.7 Dec 2023 quarterly Mar 1976 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -404.680 Dec 2023 quarterly Mar 1976 - Dec 2023
External Debt (USD mn) 193,212.3 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: % of GDP (%) 38.4 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Short Term (USD mn) 79,224.7 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: Short Term: % of GDP (%) 15.4 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 42,907.160 Dec 2023 quarterly Mar 2012 - Dec 2023
BOP: USD: Current Account Balance (USD mn) 1,082.130 Mar 2024 monthly Jan 2005 - Mar 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Manufacturing (THB mn) 10,477.880 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -163.140 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Mining & Quarrying (THB mn) 3,484.020 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Financial & Insurance Activities (THB mn) -31,607.400 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 Dec 2023 quarterly Mar 2005 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Non-Performing Loans (USD mn) 14,347.394 Dec 2023 quarterly Mar 1998 - Dec 2023
Money Supply M1 (USD mn) 86,412.999 Mar 2024 monthly Dec 1975 - Mar 2024
Money Supply M2 (USD mn) 712,203.443 Mar 2024 monthly Jan 1997 - Mar 2024
M2 Growth (%) 2.5 Mar 2024 monthly Jan 1998 - Mar 2024
Reserve Requirement Ratio (%) 1.0 Apr 2024 monthly Sep 1997 - Apr 2024
Foreign Exchange Reserves (USD mn) 197,210.3 Apr 2024 monthly Jan 1993 - Apr 2024
Foreign Exchange Reserves: Months of Import (NA) 7.7 Mar 2024 monthly Jan 1991 - Mar 2024
Gold Reserves (USD mn) 17,237.260 Apr 2024 monthly Dec 1956 - Apr 2024
Total Deposits (USD mn) 481,396.227 Mar 2024 monthly Dec 2000 - Mar 2024
Total Deposits Growth (%) 1.3 Mar 2024 monthly Dec 2001 - Mar 2024
Domestic Credit (USD mn) 734,126.5 Mar 2024 monthly Jan 2003 - Mar 2024
Domestic Credit Growth (%) 3.5 Mar 2024 monthly Jan 2004 - Mar 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.000 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 448.346 Sep 2023 quarterly Dec 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 869.949 Sep 2023 quarterly Mar 1957 - Sep 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 478,060.066 Mar 2024 monthly Jan 2007 - Mar 2024
Total Loans Growth (%) -2.70 Mar 2024 monthly Jan 2008 - Mar 2024
Private Debt: % of Nominal GDP (%) 171.50 Dec 2023 quarterly Mar 2011 - Dec 2023
Monetary Aggregates (MA): Broad Money (THB mn) 25,860,107.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Narrow Money (NM) (THB mn) 3,137,656.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Quasi Money (THB mn) 22,722,451.000 Mar 2024 monthly Jan 1997 - Mar 2024
Credit: Outs: CB: Individuals (THB mn) 6,340,858.000 Mar 2024 monthly Jan 2004 - Mar 2024
Credit: Outs: CB: Businesses (THB mn) 7,080,783.000 Mar 2024 monthly Jan 2004 - Mar 2024
Deposit: Outs: CB: Individuals (THB mn) 8,958,767.000 Mar 2024 monthly Oct 2003 - Mar 2024
Deposit: Outs: CB: Businesses (THB mn) 5,508,295.000 Mar 2024 monthly Oct 2003 - Mar 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -5.6 Apr 2024 monthly Feb 2000 - Apr 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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