Interest payments in Thailand
Thailand: Interest payments was 5.5% in 2023. ◆ Volatile
Interest payments in Thailand, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Thailand recorded 5.5% for interest payments in 2023.
That represents a change of down 4.9% on the previous year and down 1.3% over ten years.
Over the whole period, interest payments in Thailand peaked at 19.7% in 1988 and was at its lowest, 1.1%, in 1998.
That places Thailand 87th out of 152 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Thailand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 10.4% | — |
| 1973 | 10.6% | +1.8% |
| 1974 | 11.0% | +3.4% |
| 1975 | 9.8% | -10.9% |
| 1976 | 7.9% | -19.5% |
| 1977 | 8.4% | +7.2% |
| 1978 | 8.4% | -1.0% |
| 1979 | 9.5% | +13.2% |
| 1980 | 9.5% | +0.4% |
| 1981 | 11.8% | +24.1% |
| 1982 | 12.1% | +2.3% |
| 1983 | 15.0% | +23.9% |
| 1984 | 15.3% | +2.4% |
| 1985 | 17.1% | +11.6% |
| 1986 | 18.9% | +10.6% |
| 1987 | 19.1% | +0.7% |
| 1988 | 19.7% | +3.1% |
| 1989 | 19.0% | -3.4% |
| 1990 | 15.6% | -17.6% |
| 1991 | 12.1% | -22.7% |
| 1992 | 9.1% | -24.7% |
| 1993 | 6.8% | -25.1% |
| 1994 | 5.2% | -24.4% |
| 1995 | 3.1% | -40.4% |
| 1996 | 2.0% | -36.3% |
| 1997 | 2.5% | +26.0% |
| 1998 | 1.1% | -54.5% |
| 1999 | 4.8% | +325.5% |
| 2000 | 8.5% | +78.2% |
| 2001 | 7.6% | -11.0% |
| 2002 | 6.1% | -18.8% |
| 2003 | 7.2% | +17.2% |
| 2004 | 7.9% | +9.7% |
| 2005 | 7.8% | -1.4% |
| 2006 | 8.9% | +14.4% |
| 2007 | 6.2% | -30.3% |
| 2008 | 5.4% | -12.7% |
| 2009 | 5.5% | +1.2% |
| 2010 | 6.7% | +22.2% |
| 2011 | 6.1% | -9.4% |
| 2012 | 6.1% | -0.1% |
| 2013 | 5.6% | -8.4% |
| 2014 | 5.5% | -0.6% |
| 2015 | 5.1% | -8.1% |
| 2016 | 4.2% | -17.0% |
| 2017 | 5.3% | +24.9% |
| 2018 | 5.3% | +0.1% |
| 2019 | 5.4% | +1.5% |
| 2020 | 4.2% | -21.0% |
| 2021 | 4.9% | +15.7% |
| 2022 | 5.8% | +18.0% |
| 2023 | 5.5% | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.5% | 7.9% | 11.0% | 8 |
| 1980s | 15.7% | 9.5% | 19.7% | 10 |
| 1990s | 6.2% | 1.1% | 15.6% | 10 |
| 2000s | 7.1% | 5.4% | 8.9% | 10 |
| 2010s | 5.5% | 4.2% | 6.7% | 10 |
| 2020s | 5.1% | 4.2% | 5.8% | 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 interest payments in Thailand?
- Interest payments in Thailand was 5.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Thailand?
- The highest recorded value was 19.7% in 1988.
- What is the lowest interest payments recorded in Thailand?
- The lowest recorded value was 1.1% in 1998.
- How does Thailand rank for interest payments?
- Thailand ranks 87th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Thailand?
- Over the last ten years it is down 1.3%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.