Thailand: Net investment in nonfinancial assets (current LCU)

Key figures

What the numbers say

In 2024, Thailand's net investment in nonfinancial assets (current LCU) fell 15.4% on 2023 (from 497.01 billion to 420.58 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +7.7% and a typical year strayed about 27.8% from that (the standard deviation). This year's change was 0.8 standard deviations below 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 93.4% in 2017 and the biggest yearly fall was 42.1% in 2016. 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 17.14 billion a year. A straight line explains 41% 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.

How it compares

In 2024, Thailand had the 23rd highest value of the 90 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

• Costa Rica — 19th of 90: 667.46 billion
• Armenia — 20th of 90: 541.69 billion
• United States — 21st of 90: 435.61 billion
• Mexico — 23rd of 90: 297.68 billion
• Czechia — 24th of 90: 212.69 billion
• Saudi Arabia — 25th of 90: 190.66 billion

What this measures

Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. 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

Net investment in nonfinancial assets (current LCU) in nearby economies

• Australia — 19.74 billion (2022)
• Cambodia — 9 trillion (2023)
• Fiji — 116.64 million (2024)
• Kiribati — 31.07 million (2023)
• Korea, Rep. — 33.54 trillion (2024)
• Lao PDR — 9.31 trillion (2022)
• Macao SAR, China — 18.9 billion (2024)
• Malaysia — 84.41 billion (2024)
• Marshall Islands — 21.35 million (2020)
• Micronesia, Fed. Sts.

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 (% of GDP) — 2.25% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -280.86 billion (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.5% (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Thailand's net investment in nonfinancial assets (current LCU)?

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

How has it changed since 1972?

It is up 5,844% from 7.08 billion in 1972 (8.17% a year on average, compounded). The highest value was 511.16 billion in 2022 and the lowest 6.1 billion in 1974.

How does Thailand rank?

23rd highest of 90 economies with data for 2024.

Is the latest change in net investment in nonfinancial assets (current LCU) unusual for Thailand?

In 2024, Thailand's net investment in nonfinancial assets (current LCU) fell 15.4% on 2023 (from 497.01 billion to 420.58 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.7% and a typical year strayed about 27.8% from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.NFN.TOTL.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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