Expense in Thailand
Thailand: Expense was 3.73 trillion current LCU in 2023. ◆ Volatile
Latest (2023)
3.73 trillion current LCU
Change on year
down 3.5%
World rank
36th
of 157 countries
All-time high
4.07 trillion current LCU
in 2021
All-time low
21.23 billion current LCU
in 1972
Years of data
52
1972–2023
Expense in Thailand, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Thailand recorded 3.73 trillion current LCU for expense in 2023.
The figure is down 3.5% on the previous year and up 45.7% over ten years.
Over the whole period, expense in Thailand peaked at 4.07 trillion current LCU in 2021 and was at its lowest, 21.23 billion current LCU, in 1972.
That places Thailand 36th out of 157 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expense in Thailand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 21.23 billion current LCU | — |
| 1973 | 26.48 billion current LCU | +24.7% |
| 1974 | 28.86 billion current LCU | +9.0% |
| 1975 | 37.98 billion current LCU | +31.6% |
| 1976 | 45.21 billion current LCU | +19.0% |
| 1977 | 49.67 billion current LCU | +9.9% |
| 1978 | 63.61 billion current LCU | +28.1% |
| 1979 | 78.10 billion current LCU | +22.8% |
| 1980 | 101.78 billion current LCU | +30.3% |
| 1981 | 117.31 billion current LCU | +15.3% |
| 1982 | 137.49 billion current LCU | +17.2% |
| 1983 | 149.05 billion current LCU | +8.4% |
| 1984 | 161.51 billion current LCU | +8.4% |
| 1985 | 179.76 billion current LCU | +11.3% |
| 1986 | 184.88 billion current LCU | +2.9% |
| 1987 | 193.71 billion current LCU | +4.8% |
| 1988 | 204.37 billion current LCU | +5.5% |
| 1989 | 232.40 billion current LCU | +13.7% |
| 1990 | 257.17 billion current LCU | +10.7% |
| 1991 | 292.28 billion current LCU | +13.6% |
| 1992 | 325.65 billion current LCU | +11.4% |
| 1993 | 370.00 billion current LCU | +13.6% |
| 1994 | 414.10 billion current LCU | +11.9% |
| 1995 | 455.79 billion current LCU | +10.1% |
| 1996 | 518.83 billion current LCU | +13.8% |
| 1997 | 623.27 billion current LCU | +20.1% |
| 1998 | 773.69 billion current LCU | +24.1% |
| 1999 | 936.37 billion current LCU | +21.0% |
| 2000 | 684.62 billion current LCU | -26.9% |
| 2001 | 841.49 billion current LCU | +22.9% |
| 2002 | 1.16 trillion current LCU | +38.4% |
| 2003 | 938.39 billion current LCU | -19.4% |
| 2004 | 1.08 trillion current LCU | +14.8% |
| 2005 | 1.17 trillion current LCU | +8.2% |
| 2006 | 1.27 trillion current LCU | +8.5% |
| 2007 | 1.50 trillion current LCU | +18.7% |
| 2008 | 1.66 trillion current LCU | +10.2% |
| 2009 | 1.78 trillion current LCU | +7.4% |
| 2010 | 1.88 trillion current LCU | +5.8% |
| 2011 | 2.20 trillion current LCU | +16.7% |
| 2012 | 2.30 trillion current LCU | +4.8% |
| 2013 | 2.56 trillion current LCU | +11.2% |
| 2014 | 2.65 trillion current LCU | +3.4% |
| 2015 | 2.67 trillion current LCU | +0.7% |
| 2016 | 2.87 trillion current LCU | +7.7% |
| 2017 | 2.96 trillion current LCU | +3.2% |
| 2018 | 3.11 trillion current LCU | +5.1% |
| 2019 | 3.15 trillion current LCU | +1.2% |
| 2020 | 3.58 trillion current LCU | +13.4% |
| 2021 | 4.07 trillion current LCU | +13.8% |
| 2022 | 3.86 trillion current LCU | -5.0% |
| 2023 | 3.73 trillion current LCU | -3.5% |
Thailand compared with similar countries
- Thailand's 3.73 trillion current LCU is above the median for upper middle income countries, which is 310.25 billion current LCU, 12.0× the median. (47 countries reporting)
- Thailand's 3.73 trillion current LCU is above the median for East Asia & Pacific, which is 94.75 billion current LCU, 39.4× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 43.89 billion current LCU | 21.23 billion current LCU | 78.10 billion current LCU | 8 |
| 1980s | 166.22 billion current LCU | 101.78 billion current LCU | 232.40 billion current LCU | 10 |
| 1990s | 496.71 billion current LCU | 257.17 billion current LCU | 936.37 billion current LCU | 10 |
| 2000s | 1.21 trillion current LCU | 684.62 billion current LCU | 1.78 trillion current LCU | 10 |
| 2010s | 2.63 trillion current LCU | 1.88 trillion current LCU | 3.15 trillion current LCU | 10 |
| 2020s | 3.81 trillion current LCU | 3.58 trillion current LCU | 4.07 trillion current LCU | 4 |
Countries ranked near Thailand
More public sector data for Thailand
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Thailand?
- Expense in Thailand was 3.73 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Thailand?
- The highest recorded value was 4.07 trillion current LCU in 2021.
- What is the lowest expense recorded in Thailand?
- The lowest recorded value was 21.23 billion current LCU in 1972.
- How does Thailand rank for expense?
- Thailand ranks 36th out of 157 countries with data for 2023.
- Is expense rising or falling in Thailand?
- Over the last ten years it is up 45.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.