Thailand recorded a Government Debt to GDP of 61.90 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Thailand averaged 46.11 percent of GDP from 1996 until 2023, reaching an all time high of 61.90 percent of GDP in 2023 and a record low of 15.20 percent of GDP in 1996. source: Ministry of Finance, Thailand

Government Debt to GDP in Thailand is expected to reach 63.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Government Debt to GDP is projected to trend around 63.70 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 65.00 Jan 2025
Fiscal Expenditure 208029.00 521911.00 THB Million Nov 2024
Government Budget -2.80 -5.60 percent of GDP Dec 2023
Government Budget Value -31182.00 -320320.00 THB Million Nov 2024
Government Debt to GDP 61.90 60.90 percent of GDP Dec 2023
Government Revenues 176847.00 201591.00 THB Million Nov 2024
Government Spending 453327.00 393263.00 THB Million Sep 2024
Holidays
Military Expenditure 5765.80 6031.00 USD Million Dec 2023

Thailand Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
61.90 60.90 61.90 15.20 1996 - 2023 percent of GDP Yearly