Taxes on goods and services in Thailand
Thailand: Taxes on goods and services was 41.7% in 2024. ▼ Falling
Taxes on goods and services in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Thailand recorded 41.7% for taxes on goods and services in 2024.
The figure is down 1.8% on the previous year and down 4.6% over ten years.
Over the whole period, taxes on goods and services in Thailand peaked at 50.2% in 1983 and was at its lowest, 36.9%, in 2008.
Thailand ranks 35th of 156 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on goods and services in Thailand, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 45.1% | — |
| 1973 | 45.4% | +0.5% |
| 1974 | 45.5% | +0.3% |
| 1975 | 44.2% | -2.9% |
| 1976 | 46.9% | +6.2% |
| 1977 | 47.6% | +1.5% |
| 1978 | 46.0% | -3.5% |
| 1979 | 46.4% | +1.0% |
| 1980 | 46.3% | -0.3% |
| 1981 | 45.2% | -2.3% |
| 1982 | 47.6% | +5.3% |
| 1983 | 50.2% | +5.4% |
| 1984 | 46.2% | -8.0% |
| 1985 | 45.6% | -1.3% |
| 1986 | 48.0% | +5.2% |
| 1987 | 49.5% | +3.1% |
| 1988 | 47.3% | -4.4% |
| 1989 | 46.8% | -1.1% |
| 1990 | 43.3% | -7.4% |
| 1991 | 44.8% | +3.3% |
| 1992 | 42.9% | -4.2% |
| 1993 | 41.2% | -4.1% |
| 1994 | 40.5% | -1.5% |
| 1995 | 40.6% | +0.1% |
| 1996 | 41.7% | +2.7% |
| 1997 | 42.6% | +2.3% |
| 1998 | 47.9% | +12.3% |
| 1999 | 44.8% | -6.4% |
| 2000 | 42.1% | -6.1% |
| 2001 | 38.7% | -7.9% |
| 2002 | 42.3% | +9.1% |
| 2003 | 40.0% | -5.3% |
| 2004 | 40.1% | +0.1% |
| 2005 | 40.1% | +0.1% |
| 2006 | 39.9% | -0.5% |
| 2007 | 39.8% | -0.5% |
| 2008 | 36.9% | -7.3% |
| 2009 | 38.3% | +3.8% |
| 2010 | 40.2% | +5.1% |
| 2011 | 39.5% | -1.9% |
| 2012 | 39.1% | -0.9% |
| 2013 | 44.3% | +13.3% |
| 2014 | 43.7% | -1.4% |
| 2015 | 44.6% | +2.0% |
| 2016 | 44.6% | +0.1% |
| 2017 | 45.5% | +2.0% |
| 2018 | 44.8% | -1.6% |
| 2019 | 42.9% | -4.1% |
| 2020 | 43.4% | +1.1% |
| 2021 | 45.2% | +4.1% |
| 2022 | 43.8% | -3.0% |
| 2023 | 42.4% | -3.2% |
| 2024 | 41.7% | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.9% | 44.2% | 47.6% | 8 |
| 1980s | 47.3% | 45.2% | 50.2% | 10 |
| 1990s | 43.0% | 40.5% | 47.9% | 10 |
| 2000s | 39.8% | 36.9% | 42.3% | 10 |
| 2010s | 42.9% | 39.1% | 45.5% | 10 |
| 2020s | 43.3% | 41.7% | 45.2% | 5 |
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 taxes on goods and services in Thailand?
- Taxes on goods and services in Thailand was 41.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Thailand?
- The highest recorded value was 50.2% in 1983.
- What is the lowest taxes on goods and services recorded in Thailand?
- The lowest recorded value was 36.9% in 2008.
- How does Thailand rank for taxes on goods and services?
- Thailand ranks 35th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Thailand?
- Over the last ten years it is down 4.6%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.