Subsidies and other transfers in Thailand
Thailand: Subsidies and other transfers was 40.5% in 2023. ▲ Rising
Subsidies and other transfers in Thailand, 1988–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, subsidies and other transfers in Thailand stood at 40.5%. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 14.2% on the previous year and up 18.3% over ten years.
Over the whole period, subsidies and other transfers in Thailand peaked at 40.5% in 2023 and was at its lowest, 2.3%, in 1988.
That places Thailand 68th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Subsidies and other transfers in Thailand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1988 | 2.3% | — |
| 1989 | 3.9% | +74.9% |
| 1990 | 11.6% | +193.3% |
| 1991 | 13.1% | +13.2% |
| 1992 | 10.7% | -18.5% |
| 1993 | 10.5% | -1.9% |
| 1994 | 11.3% | +7.7% |
| 1995 | 10.6% | -5.6% |
| 1996 | 14.2% | +33.3% |
| 1997 | 13.4% | -5.6% |
| 1998 | 11.3% | -15.6% |
| 1999 | 12.0% | +6.4% |
| 2000 | 18.7% | +55.5% |
| 2001 | 19.2% | +2.8% |
| 2002 | 18.6% | -3.2% |
| 2003 | 24.2% | +30.3% |
| 2004 | 30.6% | +26.4% |
| 2005 | 30.5% | -0.5% |
| 2006 | 26.1% | -14.2% |
| 2007 | 27.2% | +4.2% |
| 2008 | 28.4% | +4.3% |
| 2009 | 24.9% | -12.3% |
| 2010 | 17.8% | -28.6% |
| 2011 | 25.3% | +42.3% |
| 2012 | 31.9% | +26.2% |
| 2013 | 34.2% | +7.3% |
| 2014 | 35.2% | +2.8% |
| 2015 | 35.2% | +0.1% |
| 2016 | 34.2% | -3.1% |
| 2017 | 34.0% | -0.5% |
| 2018 | 34.4% | +1.1% |
| 2019 | 36.1% | +4.9% |
| 2020 | 33.8% | -6.2% |
| 2021 | 31.8% | -6.1% |
| 2022 | 35.5% | +11.7% |
| 2023 | 40.5% | +14.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.1% | 2.3% | 3.9% | 2 |
| 1990s | 11.9% | 10.5% | 14.2% | 10 |
| 2000s | 24.9% | 18.6% | 30.6% | 10 |
| 2010s | 31.8% | 17.8% | 36.1% | 10 |
| 2020s | 35.4% | 31.8% | 40.5% | 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 subsidies and other transfers in Thailand?
- Subsidies and other transfers in Thailand was 40.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Thailand?
- The highest recorded value was 40.5% in 2023.
- What is the lowest subsidies and other transfers recorded in Thailand?
- The lowest recorded value was 2.3% in 1988.
- How does Thailand rank for subsidies and other transfers?
- Thailand ranks 68th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Thailand?
- Over the last ten years it is up 18.3%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.