Thailand: Taxes on exports (current LCU)

Key figures

What the numbers say

In 2024, Thailand's taxes on exports (current LCU) fell 41.2% on 2023 (from 39.35 million to 23.14 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.3% and a typical year strayed about 40.5% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 432.5% in 1974 and the biggest yearly fall was 88% in 2008. 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 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 18th highest value of the 25 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

• Papua New Guinea — 15th of 25: 299.75 million
• Bahamas, The — 16th of 25: 246.54 million
• Kyrgyz Republic — 17th of 25: 39.6 million
• Mongolia — 19th of 25: 21.8 million
• Fiji — 20th of 25: 10.1 million
• Brazil — 21st of 25: 5.84 million

What this measures

Export taxes are taxes on goods or services that become payable to government when the goods leave the economic territory or when the services are delivered to non-residents. 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

Taxes on exports (current LCU) in nearby economies

• Australia — 11 million (2017)
• Cambodia — 131.58 billion (2023)
• Fiji — 10.1 million (2024)
• Lao PDR — 414.42 billion (2022)
• Malaysia — 2.09 billion (2024)
• Mongolia — 21.8 million (2024)
• Papua New Guinea — 299.75 million (2024)
• Solomon Islands — 347.6 million (2024)
• Vanuatu — 1.98 million (2023)

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
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Questions people ask

What is Thailand's taxes on exports (current LCU)?

23.14 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is down 94.34% from 409 million in 1972 (5.37% a year on average, compounded). The highest value was 5.86 billion in 1980 and the lowest 23.14 million in 2024.

How does Thailand rank?

18th highest of 25 economies with data for 2024.

Is the latest change in taxes on exports (current LCU) unusual for Thailand?

In 2024, Thailand's taxes on exports (current LCU) fell 41.2% on 2023 (from 39.35 million to 23.14 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.3% and a typical year strayed about 40.5% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.TAX.EXPT.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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