Thailand: Merchandise trade (% of GDP)
In , Thailand's Merchandise trade (% of GDP) was 115.35.
That's up 3.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Thailand ranks #20 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #8 of 32.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 122.52
- Trough
- 87.48
- 1-year change
- +3.8%
- 5-year change
- +30.0%
- +5.4% / yr
- 10-year change
- +3.2%
- +0.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 115.3502 | |
| 111.1797 | |
| 118.7252 | |
| 106.5497 | |
| 87.4772 | |
| 88.7040 | |
| 98.8957 | |
| 100.3938 | |
| 99.0855 | |
| 103.9040 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Thailand's Merchandise trade (% of GDP) in 2024?
- In 2024, Thailand's Merchandise trade (% of GDP) was 115.35, according to World Bank Open Data.
- Is Thailand's Merchandise trade (% of GDP) rising or falling?
- Thailand's Merchandise trade (% of GDP) rose 3.8% from 2023 to 2024.
- How does Thailand rank globally on Merchandise trade (% of GDP)?
- In 2024, Thailand ranked #20 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Thailand's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Thailand is above the world average. Within East Asia & Pacific, it ranks #8 of 32.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.