Thailand recorded a government debt equivalent to 41.80 percent of the country's Gross Domestic Product in 2018. source: Ministry of Finance, Thailand

Government Debt to GDP in Thailand averaged 44.15 percent from 1996 until 2018, reaching an all time high of 57.80 percent in 2000 and a record low of 15.20 percent in 1996. This page provides - Thailand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Debt to GDP - values, historical data and charts - was last updated on February of 2021.

Government Debt to GDP in Thailand is expected to reach 50.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Government Debt to GDP is projected to trend around 55.00 percent in 2021, according to our econometric models.

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Thailand Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
41.10 41.80 57.80 15.20 1996 - 2019 percent Yearly

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.10 41.80 57.80 15.20 percent [+]
Government Budget -1.90 -2.40 4.90 -5.10 percent of GDP [+]
Government Budget Value 13238.00 34284.00 217720.00 -258195.00 THB Million [+]
Government Spending 411816.00 402563.00 411816.00 113953.00 THB Million [+]
Government Revenues 202573.00 157966.00 381711.00 14663.30 THB Million [+]
Fiscal Expenditure 234750.00 292618.00 409249.00 15678.00 THB Million [+]
Military Expenditure 6420.00 6306.00 6420.00 369.00 USD Million [+]
Credit Rating 65.00 [+]

Thailand Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.