Thailand GDP Growth (1961-2023)
Thailand's economy showed strong growth in the 1960s and 1980s, peaking at 13.3% in 1988 as exports surged. The 1997 Asian Financial Crisis severely impacted GDP, with a -7.6% contraction in 1998. Economic recovery was steady until the 2008 global crisis, with a minor -0.7% decline in 2009. COVID-19 caused a -6.1% contraction in 2020, followed by modest recovery to 2.5% in 2022. In 2023, growth was 1.9%, affected by slowdowns in trade and tourism.
Gain a broader perspective by reviewing Thailand’s government debt share, Thailand’s agriculture share in GDP, Thailand’s population numbers.
