Thailand Private Consumption: % of GDP

1993 - 2024 | Quarterly | % | CEIC Data

Key information about Thailand Private Consumption: % of GDP

  • Thailand Private Consumption accounted for 60.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 55.9 % in the previous quarter.
  • Thailand Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1993 to Jun 2024, with an average share of 53.3 %.
  • The data reached an all-time high of 60.4 % in Jun 2024 and a record low of 46.6 % in Mar 2018.

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


Related information about Thailand Private Consumption: % of GDP

  • In the latest reports, Thailand GDP expanded 2.7 % YoY in Mar 2023.
  • Its Nominal GDP reached 132.0 USD bn in Mar 2023.
  • Thailand GDP Per Capita reached 7,801.4 USD in Dec 2023.
  • Its Gross Savings Rate was measured at 30.4 % in Mar 2023.

View Thailand's Private Consumption: % of GDP from Mar 1993 to Jun 2024 in the chart:

Thailand Private Consumption: % of GDP

What was Thailand's Private Consumption: % of GDP in Jun 2024?

Thailand Private Consumption accounted for 60.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 55.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.4 Jun 2024 55.9 Mar 2024 46.6 Mar 2018 60.4 Jun 2024 % quarterly Mar 1993 - Jun 2024

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 73.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 41.2 2023 yearly 1950 - 2023
Argentina (%) 69.6 Jun 2024 quarterly Mar 1993 - Jun 2024
Armenia (%) 73.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) 50.6 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 51.9 Jun 2024 quarterly Mar 1988 - Jun 2024
Azerbaijan (%) 44.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 36.3 2022 yearly 1975 - 2022
Bangladesh (%) 66.8 2024 yearly 1973 - 2024
Belarus (%) 55.0 Jun 2024 quarterly Mar 1994 - Jun 2024
Belgium (%) 51.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 62.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) 62.8 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) 42.8 Jun 2024 quarterly Mar 2006 - Jun 2024
Brazil (%) 63.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Brunei (%) 24.2 Jun 2024 quarterly Mar 2004 - Jun 2024
Bulgaria (%) 62.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 60.0 2022 yearly 1993 - 2022
Canada (%) 57.7 Jun 2024 quarterly Mar 1961 - Jun 2024
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 39.2 2023 yearly 1952 - 2023
Colombia (%) 74.5 Mar 2024 quarterly Mar 2005 - Mar 2024
Croatia (%) 58.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) 57.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 45.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 86.8 Jun 2024 quarterly Sep 2001 - Jun 2024
Estonia (%) 53.5 Jun 2024 quarterly Mar 1993 - Jun 2024
European Union (%) 52.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Finland (%) 51.8 Jun 2024 quarterly Mar 1975 - Jun 2024
France (%) 55.0 Sep 2024 quarterly Mar 1980 - Sep 2024
Georgia (%) 73.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 53.2 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 84.2 2023 yearly 2006 - 2023
Greece (%) 70.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Hong Kong SAR, China (%) 71.7 Jun 2024 quarterly Mar 1973 - Jun 2024
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 51.0 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 60.4 Jun 2024 quarterly Jun 1996 - Jun 2024
Indonesia (%) 54.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 31.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 48.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 65.8 2023 yearly 1960 - 2023
Japan (%) 54.2 Jun 2024 quarterly Mar 1980 - Jun 2024
Jordan (%) 78.7 2023 yearly 1962 - 2023
Kazakhstan (%) 46.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 76.2 2023 yearly 1969 - 2023
South Korea (%) 47.6 Jun 2024 quarterly Mar 1960 - Jun 2024
Kosovo (%) 72.5 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 32.5 2022 yearly 1962 - 2022
Kyrgyzstan (%) 84.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 59.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Lebanon (%) 118.8 2021 yearly 1990 - 2021
Lithuania (%) 60.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Luxembourg (%) 31.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 29.1 Jun 2024 quarterly Mar 1998 - Jun 2024
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 59.6 Jun 2024 quarterly Mar 1991 - Jun 2024
Malta (%) 45.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Mauritius (%) 59.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Mexico (%) 70.0 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 82.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) 48.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Montenegro (%) 77.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) 56.7 Jun 2024 quarterly Mar 2007 - Jun 2024
Mozambique (%) 78.0 2023 yearly 1969 - 2022
Nepal (%) 86.1 2024 yearly 1975 - 2024
Netherlands (%) 42.4 Jun 2024 quarterly Mar 1977 - Jun 2024
New Zealand (%) 57.4 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 61.2 2023 yearly 1981 - 2023
Norway (%) 39.4 Jun 2024 quarterly Mar 1978 - Jun 2024
Oman (%) 34.3 2022 yearly 1980 - 2022
Pakistan (%) 84.4 2024 yearly 1967 - 2024
Palestinian Territory (%) 98.6 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (%) 48.7 2022 yearly 1996 - 2022
Paraguay (%) 67.1 Jun 2024 quarterly Mar 1994 - Jun 2024
Peru (%) 65.7 Jun 2024 quarterly Mar 1980 - Jun 2024
Philippines (%) 78.6 Sep 2024 quarterly Mar 1981 - Sep 2024
Poland (%) 60.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Portugal (%) 61.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 61.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 50.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Saudi Arabia (%) 40.2 Jun 2024 quarterly Mar 2003 - Jun 2024
Serbia (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 31.3 2023 yearly 1960 - 2023
Slovakia (%) 61.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Slovenia (%) 50.5 Jun 2024 quarterly Mar 1995 - Jun 2024
South Africa (%) 62.8 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 55.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Sri Lanka (%) 66.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 44.9 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 50.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Syria (%) 114.8 2022 yearly 1970 - 2022

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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) 317,325.3 Sep 2024 monthly Oct 1997 - Sep 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: 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 (%) 63.280 Sep 2024 monthly Jan 2005 - Sep 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: Exports: Custom Basis (THB mn) 889,074.371 Sep 2024 monthly Oct 1990 - Sep 2024
MoC: Imports: Custom Basis (THB mn) 886,335.963 Sep 2024 monthly Jan 1991 - 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) 558.6 Sep 2024 monthly Jan 1985 - Sep 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) 558.570 Sep 2024 monthly Jan 2005 - Sep 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Manufacturing (THB mn) -45,746.850 Jun 2024 quarterly Mar 2005 - Jun 2024
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: Construction (THB mn) 489.860 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Financial & Insurance Activities (THB mn) 24,650.950 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) 798,147.232 Sep 2024 monthly Jan 1997 - Sep 2024
M2 Growth (%) 3.1 Sep 2024 monthly Jan 1998 - Sep 2024
Reserve Requirement Ratio (%) 1.0 Oct 2024 monthly Sep 1997 - Oct 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) 819,930.0 Sep 2024 monthly Jan 2003 - Sep 2024
Domestic Credit Growth (%) 2.6 Sep 2024 monthly Jan 2004 - Sep 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
MA: Narrow Money (NM) (THB mn) 3,236,923.000 Sep 2024 monthly Jan 1997 - Sep 2024
MA: Quasi Money (THB mn) 22,567,177.000 Sep 2024 monthly Jan 1997 - Sep 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,804,100.000 Sep 2024 monthly Jan 1997 - Sep 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) -3.8 Oct 2024 monthly Feb 2000 - Oct 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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