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

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

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Thailand (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Thailand
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Thailand’s industry sector has consistently contributed a substantial portion to GDP, starting at 37.2% in 1990 and peaking at 39.9% in 2010. This growth reflects Thailand's rapid industrialization, particularly in manufacturing and exports, which positioned it as a major player in global electronics and automotive production. However, following the 2011 floods, a natural disaster that disrupted manufacturing, the sector’s contribution decreased, with the industry share gradually declining to 33.3% by 2020.

Despite these challenges, recent data shows stability, with a steady contribution of 35.0% from 2021 to 2022. This level reflects Thailand's economic resilience and continued investment in infrastructure to support industry. Thailand’s industrial sector remains critical to its economy, with ongoing efforts to upgrade industrial processes and enhance its global competitiveness in electronics and automotive exports.

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