Thailand Government Debt: % of GDP

1997 - 2024 | Quarterly | % | CEIC Data

Key information about Thailand Government Debt: % of GDP

  • Thailand Government debt accounted for 55.8 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 56.0 % in the previous quarter.
  • Thailand government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Jun 2024.
  • The data reached an all-time high of 56.0 % in Mar 2024 and a record low of 5.7 % in Mar 1998.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Public Debt Management Office provides Government Debt in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Thailand Government Debt: % of GDP

  • In the latest reports, Thailand National Government Debt reached 276.6 USD bn in Jun 2024.
  • The country's Nominal GDP reached 132.0 USD bn in Mar 2023.

View Thailand's Government Debt: % of GDP from Dec 1997 to Jun 2024 in the chart:

Thailand Government Debt: % of GDP

What was Thailand's Government Debt: % of GDP in Jun 2024?

Thailand Government debt accounted for 55.8 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 56.0 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
55.8 Jun 2024 56.0 Mar 2024 5.7 Mar 1998 56.0 Mar 2024 % quarterly Dec 1997 - Jun 2024

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.5 Jun 2024 quarterly Dec 2013 - Jun 2024
Australia (%) 38.1 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.2 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 77.8 Jun 2024 quarterly Dec 2006 - Jun 2024
Bulgaria (%) 22.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 69.6 2024 yearly 1962 - 2024
Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Colombia (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
Croatia (%) 61.5 Jun 2024 quarterly Dec 1995 - Jun 2024
Cyprus (%) 70.5 Jun 2024 quarterly Dec 2010 - Jun 2024
Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Denmark (%) 33.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Finland (%) 80.0 Jun 2024 quarterly Mar 2000 - Jun 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Germany (%) 61.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 163.6 Jun 2024 quarterly Dec 1999 - Jun 2024
Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
Hungary (%) 75.8 Jun 2024 quarterly Dec 1990 - Jun 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
Indonesia (%) 39.4 Jun 2024 quarterly Jun 2015 - Jun 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 139.8 Jun 2024 quarterly Dec 1995 - Jun 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 218.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 43.0 Jun 2024 quarterly Mar 2011 - Jun 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.4 Jun 2024 quarterly Dec 2010 - Jun 2024
Malta (%) 47.1 Mar 2024 quarterly Dec 2000 - Mar 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 48.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Moldova (%) 35.1 Mar 2024 quarterly Mar 2007 - Mar 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
Nigeria (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 36.5 2023 yearly 1990 - 2023
Pakistan (%) 72.4 2023 yearly 2000 - 2023
Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
Panama (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
Peru (%) 32.7 Jun 2024 quarterly Mar 1999 - Jun 2024
Philippines (%) 60.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 100.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 51.1 Jun 2024 quarterly Dec 2011 - Jun 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
Serbia (%) 52.4 Jun 2024 quarterly Sep 2004 - Jun 2024
Singapore (%) 174.1 Jun 2024 quarterly Mar 1990 - Jun 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 70.0 Mar 2024 quarterly Dec 1999 - Mar 2024
South Africa (%) 74.6 Jun 2024 quarterly Dec 1960 - Jun 2024
Spain (%) 105.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
Sweden (%) 30.2 Mar 2024 quarterly Mar 1996 - Mar 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.1 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.8 Jun 2024 quarterly Sep 2002 - Jun 2024
Consolidated Fiscal Balance (USD mn) 544.084 Aug 2024 monthly Oct 2001 - Aug 2024
Tax Revenue (USD mn) 67,624.756 2023 yearly 1984 - 2023
Tax Revenue: % of GDP (%) 13.2 2023 yearly 1990 - 2023
National Government Debt (USD mn) 304,418.8 Aug 2024 monthly Oct 1997 - Aug 2024
Government Debt: % of GDP (%) 55.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Forecast: Government Expenditure (THB bn) 5,366.801 2029 yearly 1995 - 2029
Forecast: Government Net Debt (THB bn) 14,934.651 2029 yearly 1996 - 2029
Forecast: Government Revenue (THB bn) 4,743.913 2029 yearly 1995 - 2029
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 (%) 64.020 Aug 2024 monthly Jan 2005 - Aug 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) 394.2 Sep 2024 monthly Jan 1957 - Sep 2024
Total Exports (USD mn) 25,983.2 Sep 2024 monthly Oct 1990 - Sep 2024
Total Exports Growth (%) -0.8 Sep 2024 monthly Oct 1991 - Sep 2024
Aluminum: Exports (USD th) 1,474,770.435 2023 yearly 1995 - 2023
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) 25,589.0 Sep 2024 monthly Jan 1991 - Sep 2024
Total Imports Growth (%) 7.8 Sep 2024 monthly Jan 1992 - Sep 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) 5,018.062 Sep 2024 monthly Jan 1971 - Sep 2024
Total Imports from USA (USD mn) 1,772.775 Sep 2024 monthly Jan 1971 - Sep 2024
Total Exports to China (USD mn) 2,851.030 Sep 2024 monthly Sep 1978 - Sep 2024
Total Imports from China (USD mn) 6,795.905 Sep 2024 monthly Apr 1974 - Sep 2024
MoC: Trade Balance: Custom Basis (THB mn) 2,738.408 Sep 2024 monthly Jan 1991 - Sep 2024
MoC: Imports: Custom Basis (THB mn) 886,335.963 Sep 2024 monthly Jan 1991 - Sep 2024
MoC: Exports: Custom Basis (THB mn) 889,074.371 Sep 2024 monthly Oct 1990 - Sep 2024
Imports Volume: Liquefied Natural Gas (Cub ft mn) 38,892.129 Sep 2024 monthly Jan 2010 - Sep 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,871.7 Jun 2024 quarterly Mar 2005 - Jun 2024
Current Account Balance (USD mn) 1,361.7 Aug 2024 monthly Jan 1985 - Aug 2024
Current Account Balance: % of GDP (%) 0.7 Jun 2024 quarterly Mar 1993 - Jun 2024
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 0.5 Jun 2024 quarterly Mar 1993 - Jun 2024
Foreign Portfolio Investment (USD mn) -2,235.310 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -1.8 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -831.1 Jun 2024 quarterly Mar 1976 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -1,404.200 Jun 2024 quarterly Mar 1976 - Jun 2024
External Debt (USD mn) 185,494.3 Jun 2024 quarterly Mar 1999 - Jun 2024
External Debt: % of GDP (%) 37.4 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: Short Term (USD mn) 80,595.9 Jun 2024 quarterly Mar 1999 - Jun 2024
External Debt: Short Term: % of GDP (%) 15.8 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 18.156 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 45,081.400 Jun 2024 quarterly Mar 2012 - Jun 2024
BOP: USD: Current Account Balance (USD mn) 1,361.690 Aug 2024 monthly Jan 2005 - Aug 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) -79.510 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Mining & Quarrying (THB mn) 2,246.470 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Manufacturing (THB mn) -45,746.850 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Financial & Insurance Activities (THB mn) 24,650.950 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Construction (THB mn) 489.860 Jun 2024 quarterly Mar 2005 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 89.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Non-Performing Loans (USD mn) 13,918.759 Jun 2024 quarterly Mar 1998 - Jun 2024
Money Supply M1 (USD mn) 89,452.452 Aug 2024 monthly Dec 1975 - Aug 2024
Money Supply M2 (USD mn) 750,770.132 Aug 2024 monthly Jan 1997 - Aug 2024
M2 Growth (%) 2.6 Aug 2024 monthly Jan 1998 - Aug 2024
Reserve Requirement Ratio (%) 1.0 Sep 2024 monthly Sep 1997 - Sep 2024
Foreign Exchange Reserves (USD mn) 216,391.6 Sep 2024 monthly Jan 1993 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 8.5 Sep 2024 monthly Jan 1991 - Sep 2024
Gold Reserves (USD mn) 19,869.600 Sep 2024 monthly Dec 1956 - Sep 2024
Total Deposits (USD mn) 505,239.765 Aug 2024 monthly Dec 2000 - Aug 2024
Total Deposits Growth (%) 1.4 Aug 2024 monthly Dec 2001 - Aug 2024
Domestic Credit (USD mn) 776,094.4 Aug 2024 monthly Jan 2003 - Aug 2024
Domestic Credit Growth (%) 1.9 Aug 2024 monthly Jan 2004 - Aug 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.300 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 481.404 Dec 2023 quarterly Dec 1991 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 928.900 Dec 2023 quarterly Mar 1957 - Dec 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 508,948.311 Aug 2024 monthly Jan 2007 - Aug 2024
Total Loans Growth (%) -0.44 Aug 2024 monthly Jan 2008 - Aug 2024
Private Debt: % of Nominal GDP (%) 169.39 Jun 2024 quarterly Mar 2011 - Jun 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,563,723.000 Aug 2024 monthly Jan 1997 - Aug 2024
MA: Quasi Money (THB mn) 22,517,867.000 Aug 2024 monthly Jan 1997 - Aug 2024
MA: Narrow Money (NM) (THB mn) 3,045,856.000 Aug 2024 monthly Jan 1997 - Aug 2024
Credit: Outs: CB: Individuals (THB mn) 6,252,173.000 Aug 2024 monthly Jan 2004 - Aug 2024
Credit: Outs: CB: Businesses (THB mn) 6,974,233.000 Aug 2024 monthly Jan 2004 - Aug 2024
Deposit: Outs: CB: Individuals (THB mn) 8,827,253.000 Aug 2024 monthly Oct 2003 - Aug 2024
Deposit: Outs: CB: Businesses (THB mn) 5,309,825.000 Aug 2024 monthly Oct 2003 - Aug 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -9.4 Sep 2024 monthly Feb 2000 - Sep 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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