Goods and services expense in Thailand
Thailand: Goods and services expense was 19.4% in 2023. ▼ Falling
Goods and services expense in Thailand, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Thailand recorded 19.4% for goods and services expense in 2023.
Compared with earlier readings it is down 15.7% on the previous year and down 18.8% over ten years.
Over the whole period, goods and services expense in Thailand peaked at 42.3% in 1978 and was at its lowest, 18.6%, in 1999.
Thailand ranks 50th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Goods and services expense in Thailand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 39.9% | — |
| 1973 | 38.1% | -4.5% |
| 1974 | 35.2% | -7.4% |
| 1975 | 30.0% | -14.7% |
| 1976 | 32.6% | +8.6% |
| 1977 | 37.3% | +14.4% |
| 1978 | 42.3% | +13.3% |
| 1979 | 40.8% | -3.6% |
| 1980 | 41.4% | +1.5% |
| 1981 | 39.5% | -4.7% |
| 1982 | 37.4% | -5.2% |
| 1983 | 35.0% | -6.5% |
| 1984 | 38.2% | +9.1% |
| 1985 | 36.4% | -4.8% |
| 1986 | 34.2% | -6.1% |
| 1987 | 32.9% | -3.7% |
| 1988 | 32.7% | -0.5% |
| 1989 | 30.5% | -6.8% |
| 1990 | 30.5% | -0.1% |
| 1991 | 31.9% | +4.8% |
| 1992 | 35.4% | +10.7% |
| 1993 | 35.3% | -0.1% |
| 1994 | 39.9% | +12.9% |
| 1995 | 33.4% | -16.2% |
| 1996 | 34.6% | +3.5% |
| 1997 | 31.0% | -10.5% |
| 1998 | 23.2% | -25.0% |
| 1999 | 18.6% | -20.1% |
| 2000 | 26.9% | +44.7% |
| 2001 | 27.8% | +3.4% |
| 2002 | 19.2% | -30.8% |
| 2003 | 27.5% | +43.1% |
| 2004 | 21.3% | -22.6% |
| 2005 | 21.7% | +2.1% |
| 2006 | 20.9% | -3.8% |
| 2007 | 26.5% | +27.1% |
| 2008 | 27.0% | +1.8% |
| 2009 | 30.8% | +14.2% |
| 2010 | 32.2% | +4.5% |
| 2011 | 25.2% | -21.7% |
| 2012 | 25.2% | -0.2% |
| 2013 | 23.8% | -5.3% |
| 2014 | 24.4% | +2.2% |
| 2015 | 24.6% | +1.0% |
| 2016 | 25.3% | +2.9% |
| 2017 | 23.7% | -6.3% |
| 2018 | 24.7% | +4.0% |
| 2019 | 23.7% | -4.1% |
| 2020 | 20.5% | -13.5% |
| 2021 | 20.0% | -2.3% |
| 2022 | 23.0% | +14.9% |
| 2023 | 19.4% | -15.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.0% | 30.0% | 42.3% | 8 |
| 1980s | 35.8% | 30.5% | 41.4% | 10 |
| 1990s | 31.4% | 18.6% | 39.9% | 10 |
| 2000s | 25.0% | 19.2% | 30.8% | 10 |
| 2010s | 25.3% | 23.7% | 32.2% | 10 |
| 2020s | 20.7% | 19.4% | 23.0% | 4 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.02 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -74.91 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 73.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 77.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.89 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.52 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 569.59 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Thailand?
- Goods and services expense in Thailand was 19.4% in 2023, 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 42.3% in 1978.
- What is the lowest goods and services expense recorded in Thailand?
- The lowest recorded value was 18.6% in 1999.
- How does Thailand rank for goods and services expense?
- Thailand ranks 50th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Thailand?
- Over the last ten years it is down 18.8%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.