Thailand: Grants and other revenue (current LCU)

Key figures

What the numbers say

In 2024, Thailand's grants and other revenue (current LCU) rose 17.2% on 2023 (from 646.48 billion to 757.63 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +9.3% and a typical year strayed about 18% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 85.5% in 1975 and the biggest yearly fall was 30.8% in 1974. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 22.8 billion a year. A straight line explains 69% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 779.72 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 67.62 billion, against 96.55 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Thailand had the 21st highest value of the 81 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Thailand in the 2024 ranking

• Rwanda — 18th of 81: 1.5 trillion
• Malawi — 19th of 81: 940.33 billion
• Saudi Arabia — 20th of 81: 878.57 billion
• Mexico — 22nd of 81: 692.29 billion
• Philippines — 23rd of 81: 615.04 billion
• Brazil — 24th of 81: 602.08 billion

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 53 values

Grants and other revenue (current LCU) in nearby economies

• Australia — 71.28 billion (2022)
• Cambodia — 4.51 trillion (2023)
• China — 1.84 trillion (2024)
• Fiji — 564.11 million (2024)
• Kiribati — 315.17 million (2023)
• Korea, Rep. — 133.59 trillion (2024)
• Lao PDR — 5.82 trillion (2022)
• Macao SAR, China — 16.91 billion (2024)
• Malaysia — 84.43 billion (2024)
• Marshall Islands — 129.79 million (2020)

More public sector data for Thailand

• Arms imports (SIPRI trend indicator values) — 33 million (2025)
• Military expenditure (current USD) — 5.98 billion (2025)
• Military expenditure (current LCU) — 196.74 billion (2025)
• Military expenditure (% of GDP) — 1.04% (2025)
• Net incurrence of liabilities, total (current LCU) — 571.5 billion (2024)
• Net incurrence of liabilities, total (% of GDP) — 3.06% (2024)
• Net investment in nonfinancial assets (current LCU) — 420.58 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 2.25% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -280.86 billion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Thailand's grants and other revenue (current LCU)?

757.63 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 22,741% from 3.32 billion in 1972 (11.01% a year on average, compounded). The highest value was 757.63 billion in 2024 and the lowest 2.63 billion in 1974.

How does Thailand rank?

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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