Thailand Consolidated Fiscal Balance: % of GDP

2002 - 2024 | Quarterly | % | CEIC Data

Key information about Thailand Consolidated Fiscal Balance: % of GDP

  • Thailand Consolidated Fiscal Balance recorded a deficit equal to 2.0 % of its Nominal GDP in Mar 2024, compared with a deficit equal to 3.0 % in the previous quarter
  • Thailand Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 2002 to Mar 2024, with an average ratio of -2.7 %
  • The data reached an all-time high of 0.7 % in Dec 2006 and a record low of -6.8 % in Dec 2020
CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Fiscal Policy Office provides Consolidated Fiscal Balance in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency.


Further information about Thailand Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Thailand National Government Debt reached 277.8 USD bn in Mar 2024
  • Thailand Nominal GDP reached 132.0 USD bn in Mar 2023

View Thailand's Consolidated Fiscal Balance: % of GDP from Sep 2002 to Mar 2024 in the chart:

Thailand Consolidated Fiscal Balance: % of GDP

What was Thailand's Consolidated Fiscal Balance: % of GDP in Mar 2024?

Thailand Consolidated Fiscal Balance recorded a deficit equal to 2.0 % of its Nominal GDP in Mar 2024, compared with a deficit equal to 3.0 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.0 Mar 2024 -3.0 Dec 2023 -6.8 Dec 2020 0.7 Dec 2006 % quarterly Sep 2002 - Mar 2024

Consolidated Fiscal Balance: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -4.4 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) -1.9 Dec 2023 quarterly Dec 2002 - Dec 2023
Australia (%) -1.1 Dec 2023 quarterly Jun 2003 - Dec 2023
Austria (%) -2.7 Dec 2023 quarterly Dec 2001 - Dec 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 3.9 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.2 Mar 2024 quarterly Dec 1997 - Mar 2024
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -2.5 Mar 2024 quarterly Sep 2003 - Mar 2024
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -2.1 Dec 2023 quarterly Jun 1993 - Dec 2023
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -4.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Colombia (%) 0.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Czech Republic (%) -3.3 Dec 2023 quarterly Dec 1999 - Dec 2023
Denmark (%) 3.1 Dec 2023 quarterly Dec 1999 - Dec 2023
Ecuador (%) -3.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Estonia (%) -3.4 Dec 2023 quarterly Dec 1999 - Dec 2023
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -2.5 Dec 2023 quarterly Dec 1999 - Dec 2023
France (%) -5.5 Dec 2023 quarterly Dec 1949 - Dec 2023
Georgia (%) -2.4 Dec 2023 quarterly Dec 2006 - Dec 2023
Germany (%) -2.5 Mar 2024 quarterly Dec 1991 - Mar 2024
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.7 Mar 2024 quarterly Sep 1999 - Mar 2024
Hungary (%) -6.7 Dec 2023 quarterly Dec 1999 - Dec 2023
Iceland (%) 0.6 Dec 2023 quarterly Mar 2002 - Dec 2023
India (%) -6.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Indonesia (%) -2.2 Mar 2024 quarterly Dec 2014 - Mar 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.7 Dec 2023 quarterly Dec 2000 - Dec 2023
Israel (%) -6.2 Mar 2024 quarterly Dec 1999 - Mar 2024
Italy (%) -7.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.7 Mar 2024 quarterly Dec 2008 - Mar 2024
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -1.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 11.7 2022 yearly 1988 - 2022
Kyrgyzstan (%) 3.7 Mar 2024 monthly Jan 2007 - Mar 2024
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -2.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.8 Dec 2023 quarterly Dec 1999 - Dec 2023
Luxembourg (%) -1.3 2023 yearly 1995 - 2023
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -4.9 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) -5.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Mexico (%) -3.3 Dec 2023 quarterly Dec 1980 - Dec 2023
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 2.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Montenegro (%) 0.2 Dec 2023 quarterly Dec 2012 - Dec 2023
Morocco (%) -5.6 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -0.6 Dec 2023 quarterly Dec 1999 - Dec 2023
Nigeria (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2023 yearly 2000 - 2023
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.5 Dec 2023 quarterly Dec 2003 - Dec 2023
Peru (%) -3.5 Mar 2024 quarterly Dec 1990 - Mar 2024
Philippines (%) -6.1 Mar 2024 quarterly Dec 1985 - Mar 2024
Poland (%) -5.1 2023 yearly 1995 - 2023
Portugal (%) 1.2 Dec 2023 quarterly Sep 1999 - Dec 2023
Qatar (%) 6.0 Sep 2023 quarterly Mar 2011 - Sep 2023
Romania (%) -5.6 Dec 2023 quarterly Dec 2004 - Dec 2023
Russia (%) -2.3 Dec 2023 quarterly Dec 1993 - Dec 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.2 Dec 2023 quarterly Dec 2005 - Dec 2023
Singapore (%) -0.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.7 Mar 2024 quarterly Dec 2000 - Mar 2024
South Africa (%) -6.0 Dec 2023 quarterly Dec 1990 - Dec 2023
Spain (%) -3.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Sri Lanka (%) -8.3 Dec 2023 quarterly Dec 2014 - Dec 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.6 2023 yearly 1995 - 2023
Switzerland (%) 0.5 2023 yearly 1990 - 2023

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Thailand Key Series

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Includes 301 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
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 (%) 56.0 Mar 2024 quarterly Dec 1997 - Mar 2024
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: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 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) -1,641.7 Apr 2024 monthly Jan 1957 - Apr 2024
Total Exports (USD mn) 23,278.6 Apr 2024 monthly Oct 1990 - Apr 2024
Total Exports Growth (%) 12.7 Apr 2024 monthly Oct 1991 - Apr 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) 24,920.3 Apr 2024 monthly Jan 1991 - Apr 2024
Total Imports Growth (%) 14.2 Apr 2024 monthly Jan 1992 - Apr 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) 4,088.785 Apr 2024 monthly Jan 1971 - Apr 2024
Total Imports from USA (USD mn) 1,546.791 Apr 2024 monthly Jan 1971 - Apr 2024
Total Exports to China (USD mn) 3,439.957 Apr 2024 monthly Sep 1978 - Apr 2024
Total Imports from China (USD mn) 6,352.546 Apr 2024 monthly Apr 1974 - Apr 2024
MoC: Exports: Custom Basis (THB mn) 834,018.290 Apr 2024 monthly Oct 1990 - Apr 2024
MoC: Trade Balance: Custom Basis (THB mn) -69,175.699 Apr 2024 monthly Jan 1991 - Apr 2024
MoC: Imports: Custom Basis (THB mn) 903,193.990 Apr 2024 monthly Jan 1991 - Apr 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 (%) 2.2 Mar 2024 quarterly Mar 1993 - Mar 2024
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
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -163.140 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Manufacturing (THB mn) 10,477.880 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Mining & Quarrying (THB mn) 3,484.020 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Financial & Insurance Activities (THB mn) -31,607.400 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 (%) 86.9 Dec 2023 quarterly Mar 2003 - Dec 2023
Non-Performing Loans (USD mn) 13,930.543 Mar 2024 quarterly Mar 1998 - Mar 2024
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) 7.9 Apr 2024 monthly Jan 1991 - Apr 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 (%) 171.52 Mar 2024 quarterly Mar 2011 - Mar 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,860,107.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Quasi Money (THB mn) 22,722,451.000 Mar 2024 monthly Jan 1997 - Mar 2024
MA: Narrow Money (NM) (THB mn) 3,137,656.000 Mar 2024 monthly Jan 1997 - Mar 2024
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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