Thailand Debt to GDP Ratio 1989-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Thailand debt to gdp ratio for 2021 was 58.56%, a 8.24% increase from 2020.
  • Thailand debt to gdp ratio for 2020 was 50.32%, a 10.18% increase from 2019.
  • Thailand debt to gdp ratio for 2019 was 40.14%, a 0.89% increase from 2018.
  • Thailand debt to gdp ratio for 2018 was 39.25%, a 0.76% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Brazil 86.10%
Albania 82.38%
Colombia 79.78%
South Africa 75.62%
Malaysia 63.40%
Armenia 60.16%
Thailand 58.56%
Romania 55.65%
Bosnia 47.02%
Mexico 46.29%
Turkey 42.73%
Peru 35.66%
Bulgaria 32.81%
Kazakhstan 22.41%
Russia 20.94%
Azerbaijan 16.82%
Thailand Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2021 58.56% 8.24%
2020 50.32% 10.18%
2019 40.14% 0.89%
2018 39.25% 0.76%
2016 38.49% 0.62%
2015 37.87% 1.37%
2014 36.50% -3.57%
2013 40.06% 11.62%
2012 28.44% 0.31%
2011 28.13% 1.23%
2010 26.90% 0.12%
2009 26.78% 4.33%
2008 22.45% -0.54%
2007 22.99% -1.39%
2006 24.38% -1.08%
2005 25.46% 1.06%
2004 24.40% -2.65%
2003 27.05% -3.02%
2002 30.07% 5.49%
2001 24.58% 2.61%
2000 21.96% 1.96%
1999 20.01% 9.34%
1998 10.67% 6.03%
1997 4.64% 0.97%
1996 3.67% -0.94%
1995 4.61% -1.08%
1994 5.69% -2.49%
1993 8.19% -2.69%
1992 10.88% -2.49%
1991 13.37% -5.08%
1990 18.45% 18.45%
1989 0.00% 18.45%