Goods and services expense in Thailand
Thailand: Goods and services expense was 731.06 billion current LCU in 2024. ◆ Volatile
Latest (2024)
731.06 billion current LCU
Change on year
up 1.3%
World rank
34th
of 155 countries
All-time high
887.47 billion current LCU
in 2022
All-time low
8.47 billion current LCU
in 1972
Years of data
53
1972–2024
Goods and services expense in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Thailand is 731.06 billion current LCU, measured in 2024.
Compared with earlier readings it is up 1.3% on the previous year and up 13.4% over ten years.
Over the whole period, goods and services expense in Thailand peaked at 887.47 billion current LCU in 2022 and was at its lowest, 8.47 billion current LCU, in 1972.
Thailand ranks 34th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense in Thailand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 8.47 billion current LCU | — |
| 1973 | 10.08 billion current LCU | +19.0% |
| 1974 | 10.17 billion current LCU | +0.9% |
| 1975 | 11.41 billion current LCU | +12.2% |
| 1976 | 14.75 billion current LCU | +29.3% |
| 1977 | 18.55 billion current LCU | +25.8% |
| 1978 | 26.93 billion current LCU | +45.2% |
| 1979 | 31.87 billion current LCU | +18.4% |
| 1980 | 42.15 billion current LCU | +32.3% |
| 1981 | 46.30 billion current LCU | +9.8% |
| 1982 | 51.43 billion current LCU | +11.1% |
| 1983 | 52.15 billion current LCU | +1.4% |
| 1984 | 61.67 billion current LCU | +18.3% |
| 1985 | 65.37 billion current LCU | +6.0% |
| 1986 | 63.14 billion current LCU | -3.4% |
| 1987 | 63.73 billion current LCU | +0.9% |
| 1988 | 66.90 billion current LCU | +5.0% |
| 1989 | 70.89 billion current LCU | +6.0% |
| 1990 | 78.40 billion current LCU | +10.6% |
| 1991 | 93.35 billion current LCU | +19.1% |
| 1992 | 115.13 billion current LCU | +23.3% |
| 1993 | 130.71 billion current LCU | +13.5% |
| 1994 | 165.15 billion current LCU | +26.3% |
| 1995 | 152.34 billion current LCU | -7.8% |
| 1996 | 179.53 billion current LCU | +17.8% |
| 1997 | 193.10 billion current LCU | +7.6% |
| 1998 | 179.77 billion current LCU | -6.9% |
| 1999 | 173.74 billion current LCU | -3.4% |
| 2000 | 183.83 billion current LCU | +5.8% |
| 2001 | 233.72 billion current LCU | +27.1% |
| 2002 | 223.74 billion current LCU | -4.3% |
| 2003 | 257.86 billion current LCU | +15.2% |
| 2004 | 229.00 billion current LCU | -11.2% |
| 2005 | 253.14 billion current LCU | +10.5% |
| 2006 | 264.23 billion current LCU | +4.4% |
| 2007 | 398.59 billion current LCU | +50.9% |
| 2008 | 447.10 billion current LCU | +12.2% |
| 2009 | 548.35 billion current LCU | +22.6% |
| 2010 | 606.58 billion current LCU | +10.6% |
| 2011 | 554.31 billion current LCU | -8.6% |
| 2012 | 579.58 billion current LCU | +4.6% |
| 2013 | 610.39 billion current LCU | +5.3% |
| 2014 | 644.51 billion current LCU | +5.6% |
| 2015 | 655.67 billion current LCU | +1.7% |
| 2016 | 726.30 billion current LCU | +10.8% |
| 2017 | 702.45 billion current LCU | -3.3% |
| 2018 | 768.12 billion current LCU | +9.3% |
| 2019 | 746.09 billion current LCU | -2.9% |
| 2020 | 731.81 billion current LCU | -1.9% |
| 2021 | 813.37 billion current LCU | +11.1% |
| 2022 | 887.47 billion current LCU | +9.1% |
| 2023 | 721.88 billion current LCU | -18.7% |
| 2024 | 731.06 billion current LCU | +1.3% |
Thailand compared with similar countries
- Thailand's 731.06 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 19.0× the median. (46 countries reporting)
- Thailand's 731.06 billion current LCU is above the median for East Asia & Pacific, which is 14.18 billion current LCU, 51.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.53 billion current LCU | 8.47 billion current LCU | 31.87 billion current LCU | 8 |
| 1980s | 58.37 billion current LCU | 42.15 billion current LCU | 70.89 billion current LCU | 10 |
| 1990s | 146.12 billion current LCU | 78.40 billion current LCU | 193.10 billion current LCU | 10 |
| 2000s | 303.96 billion current LCU | 183.83 billion current LCU | 548.35 billion current LCU | 10 |
| 2010s | 659.40 billion current LCU | 554.31 billion current LCU | 768.12 billion current LCU | 10 |
| 2020s | 777.12 billion current LCU | 721.88 billion current LCU | 887.47 billion current LCU | 5 |
Countries ranked near Thailand
More public sector data for Thailand
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Frequently asked questions
- What is goods and services expense in Thailand?
- Goods and services expense in Thailand was 731.06 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Thailand?
- The highest recorded value was 887.47 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Thailand?
- The lowest recorded value was 8.47 billion current LCU in 1972.
- How does Thailand rank for goods and services expense?
- Thailand ranks 34th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Thailand?
- Over the last ten years it is up 13.4%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.