Economic Policy & Debt · Thailand
Yearly data from 1970 to 2024, from the World Bank.
Thailand's total debt service (% of GNI) was 3.51% in 2024, the latest year in the World Bank's World Development Indicators. That is down 3.51 percentage points from 7.02% in 2014.
| Value | Year | |
|---|---|---|
| Latest | 3.51% | 2024 |
| Five years earlier | 6.14% | 2019 |
| Ten years earlier | 7.02% | 2014 |
| Highest | 17.37% | 2001 |
| Lowest | 1.85% | 1974 |
| Average since 2015 | 4.83% | 2015–2024 |
| First recorded | 2.3% | 1970 |
Over five years it is down 2.63 percentage points from 6.14% in 2019. Since 1970 it is up 1.21 percentage points from 2.3% in 1970.
In 2024, Thailand's total debt service (% of GNI) fell 4.87 percentage points on 2023 (from 8.38% to 3.51%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.11 percentage points and a typical year strayed about 2.38 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 6.06 percentage points in 2001 and the biggest yearly fall was 4.9 percentage points in 2003. 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 7% 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.
In 2024, Thailand had the 66th highest value of the 117 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.
| Value | Year | |
|---|---|---|
| Thailand | 3.51% | 2024 |
| Upper middle income | 3.31% | 2024 |
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.
Regional and income-group figures are computed by the World Bank as a weighted average.
| Year | Total debt service (% of GNI) |
|---|---|
| 2024 | 3.51 |
| 2023 | 8.38 |
| 2022 | 5.61 |
| 2021 | 3.33 |
| 2020 | 4.58 |
| 2019 | 6.14 |
| 2018 | 4.19 |
| 2017 | 3.67 |
| 2016 | 3.79 |
| 2015 | 5.15 |
| 2014 | 7.02 |
| 2013 | 3.77 |
| 2012 | 4.07 |
| 2011 | 2.9 |
| 2010 | 3.36 |
| 2009 | 4.68 |
| 2008 | 6.16 |
| 2007 | 8.67 |
| 2006 | 6.86 |
| 2005 | 9.98 |
| 2004 | 7.79 |
| 2003 | 10.32 |
| 2002 | 15.22 |
| 2001 | 17.37 |
| 2000 | 11.31 |
| 1999 | 13.23 |
| 1998 | 11.68 |
| 1997 | 8.11 |
| 1996 | 5.34 |
| 1995 | 5.18 |
| 1994 | 5.47 |
| 1993 | 5.08 |
| 1992 | 5.4 |
| 1991 | 5.08 |
| 1990 | 6.3 |
| 1989 | 6.17 |
| 1988 | 7.23 |
| 1987 | 6.96 |
| 1986 | 8.65 |
| 1985 | 8.53 |
| 1984 | 6.48 |
| 1983 | 5.57 |
| 1982 | 5.38 |
| 1981 | 5.47 |
| 1980 | 5.04 |
| 1979 | 4.84 |
| 1978 | 4.54 |
| 1977 | 2.9 |
| 1976 | 2.23 |
| 1975 | 2.4 |
| 1974 | 1.85 |
| 1973 | 2.47 |
| 1972 | 2.24 |
| 1971 | 2.67 |
| 1970 | 2.3 |
Every indicator for Thailand is on the Thailand data page.
World Bank, World Development Indicators, indicator DT.TDS.DECT.GN.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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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