Agriculture Sector Contribution to GDP in Thailand (1990-2022)

Agriculture Sector Contribution to GDP in Thailand (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Thailand (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Thailand
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Thailand’s agriculture sector has fluctuated, starting at 12.5% in 1990 and stabilizing around 8.8% by 2022. The Asian Financial Crisis in the late 1990s temporarily increased agriculture’s GDP share, with a peak at 10.5% in 2010 reflecting recovery efforts. Since then, industrial growth and urbanization have led to a gradual decline in agriculture’s share.

The sector’s resilience during COVID-19, with a stable contribution around 8.7% in 2020-2022, highlights its critical role in food security and rural employment, underscoring agriculture’s enduring importance in Thailand.

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