Net incurrence of liabilities, total (current LCU) in Thailand
Thailand: Net incurrence of liabilities, total (current LCU) was 571.50 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Thailand recorded 571.50 billion current LCU for net incurrence of liabilities, total in 2024.
Compared with earlier readings it is up 6.3% on the previous year and up 192.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Thailand peaked at 1.43 trillion current LCU in 2021 and was at its lowest, -64.11 billion current LCU, in 1991.
That places Thailand 37th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Thailand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 6.77 billion current LCU | — |
| 1973 | 8.65 billion current LCU | +27.7% |
| 1974 | 3.00 billion current LCU | -65.3% |
| 1975 | 5.75 billion current LCU | +91.3% |
| 1976 | 13.19 billion current LCU | +129.4% |
| 1977 | 14.61 billion current LCU | +10.8% |
| 1978 | 18.98 billion current LCU | +30.0% |
| 1979 | 20.72 billion current LCU | +9.2% |
| 1980 | 24.66 billion current LCU | +19.0% |
| 1981 | 28.53 billion current LCU | +15.7% |
| 1982 | 53.03 billion current LCU | +85.9% |
| 1983 | 41.15 billion current LCU | -22.4% |
| 1984 | 35.17 billion current LCU | -14.5% |
| 1985 | 54.94 billion current LCU | +56.2% |
| 1986 | 50.90 billion current LCU | -7.4% |
| 1987 | 28.19 billion current LCU | -44.6% |
| 1988 | -894.00 million current LCU | -103.2% |
| 1989 | -19.43 billion current LCU | +2072.9% |
| 1990 | -26.53 billion current LCU | +36.6% |
| 1991 | -64.11 billion current LCU | +141.7% |
| 1992 | -27.70 billion current LCU | -56.8% |
| 1993 | -44.08 billion current LCU | +59.2% |
| 1994 | -45.19 billion current LCU | +2.5% |
| 1995 | -31.29 billion current LCU | -30.7% |
| 1996 | -12.06 billion current LCU | -61.5% |
| 1997 | 4.66 billion current LCU | -138.6% |
| 1998 | 253.71 billion current LCU | +5350.3% |
| 1999 | 436.15 billion current LCU | +71.9% |
| 2000 | 145.84 billion current LCU | -66.6% |
| 2001 | 173.53 billion current LCU | +19.0% |
| 2002 | 387.78 billion current LCU | +123.5% |
| 2003 | 16.77 billion current LCU | -95.7% |
| 2004 | 206.25 billion current LCU | +1130.1% |
| 2005 | 35.43 billion current LCU | -82.8% |
| 2006 | 186.06 billion current LCU | +425.2% |
| 2007 | 142.70 billion current LCU | -23.3% |
| 2008 | 61.47 billion current LCU | -56.9% |
| 2009 | 473.88 billion current LCU | +670.9% |
| 2010 | 252.16 billion current LCU | -46.8% |
| 2011 | 338.78 billion current LCU | +34.4% |
| 2012 | 362.71 billion current LCU | +7.1% |
| 2013 | 260.76 billion current LCU | -28.1% |
| 2014 | 195.27 billion current LCU | -25.1% |
| 2015 | 169.63 billion current LCU | -13.1% |
| 2016 | 364.28 billion current LCU | +114.7% |
| 2017 | 404.77 billion current LCU | +11.1% |
| 2018 | 445.17 billion current LCU | +10.0% |
| 2019 | 150.80 billion current LCU | -66.1% |
| 2020 | 958.82 billion current LCU | +535.8% |
| 2021 | 1.43 trillion current LCU | +49.4% |
| 2022 | 817.31 billion current LCU | -42.9% |
| 2023 | 537.54 billion current LCU | -34.2% |
| 2024 | 571.50 billion current LCU | +6.3% |
Thailand compared with similar countries
- Thailand's 571.50 billion current LCU is above the median for upper middle income countries, which is 48.87 billion current LCU, 11.7× the median. (47 countries reporting)
- Thailand's 571.50 billion current LCU is above the median for East Asia & Pacific, which is 3.15 billion current LCU, 181.7× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +5350.3% | 4.66 billion current LCU | 253.71 billion current LCU |
| 1989 | -2072.9% | -894.00 million current LCU | -19.43 billion current LCU |
| 2004 | +1130.1% | 16.77 billion current LCU | 206.25 billion current LCU |
| 2009 | +670.9% | 61.47 billion current LCU | 473.88 billion current LCU |
| 2020 | +535.8% | 150.80 billion current LCU | 958.82 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.46 billion current LCU | 3.00 billion current LCU | 20.72 billion current LCU | 8 |
| 1980s | 29.63 billion current LCU | -19.43 billion current LCU | 54.94 billion current LCU | 10 |
| 1990s | 44.36 billion current LCU | -64.11 billion current LCU | 436.15 billion current LCU | 10 |
| 2000s | 182.97 billion current LCU | 16.77 billion current LCU | 473.88 billion current LCU | 10 |
| 2010s | 294.43 billion current LCU | 150.80 billion current LCU | 445.17 billion current LCU | 10 |
| 2020s | 863.46 billion current LCU | 537.54 billion current LCU | 1.43 trillion current LCU | 5 |
Countries ranked near Thailand
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Frequently asked questions
- What is net incurrence of liabilities, total in Thailand?
- Net incurrence of liabilities, total in Thailand was 571.50 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Thailand?
- The highest recorded value was 1.43 trillion current LCU in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Thailand?
- The lowest recorded value was -64.11 billion current LCU in 1991.
- How does Thailand rank for net incurrence of liabilities, total?
- Thailand ranks 37th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Thailand?
- Over the last ten years it is up 192.7%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.