According to the International Monetary Fund (IMF), real GDP of Thailand is forecast to grow by 4.5 percent in 2022 and 4.0 percent in 2023.
1) Real GDP growth rate: 2010 – 7.5 percent, 2011 – 0.8 percent, 2012 – 7.2 percent, 2013 – 2.7 percent, 2014 – 1.0 percent, 2015 – 3.1 percent, 2016 – 3.4 percent, 2017 – 4.2 percent, 2018 – 4.2 percent, 2019 – 2.3 percent, 2020 – -6.1 percent and 2021 – 1.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 4.5 percent, 2023 – 4.0 percent, 2024 – 3.6 percent, 2025 – 3.5 percent and 2026 – 3.6 percent.
3) Nominal GDP in current prices, billions of Thai baht (code: THB; sign: ฿): 2010 – ฿10,808.145 billion, 2011 – ฿11,306.906 billion, 2012 – ฿12,357.342 billion, 2013 – ฿12,915.158 billion, 2014 – ฿13,230.304 billion, 2015 – ฿13,743.480 billion, 2016 – ฿14,590.337 billion, 2017 – ฿15,488.664 billion, 2018 – ฿16,368.705 billion, 2019 – ฿16,898.086 billion, 2020 – ฿15,698.286 billion and 2021 – ฿16,112.834 billion.
4) Projected nominal GDP in current prices, billions of Thai baht: 2022 – ฿16,945.372 billion, 2023 – ฿17,575.468 billion, 2024 – ฿18,450.450 billion, 2025 – ฿19,413.909 billion and 2026 – ฿20,458.647 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $340.928 billion, 2011 – $370.929 billion, 2012 – $397.722 billion, 2013 – $420.364 billion, 2014 – $407.373 billion, 2015 – $401.142 billion, 2016 – $413.497 billion, 2017 – $456.523 billion, 2018 – $506.403 billion, 2019 – $544.210 billion, 2020 – $501.712 billion and 2021 – $546.223 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $585.586 billion, 2023 – $617.041 billion, 2024 – $654.644 billion, 2025 – $694.098 billion and 2026 – $734.757 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $886.760 billion, 2011 – $912.790 billion, 2012 – $1,008.787 billion, 2013 – $1,049.948 billion, 2014 – $1,059.446 billion, 2015 – $1,087.227 billion, 2016 – $1,146.041 billion, 2017 – $1,205.839 billion, 2018 – $1,286.371 billion, 2019 – $1,339.060 billion, 2020 – $1,272.543 billion and 2021 – $1,331.054 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $1,428.729 billion, 2023 – $1,521.761 billion, 2024 – $1,612.190 billion, 2025 – $1,704.823 billion and 2026 – $1,802.245 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $5,073.7, 2011 – $5,493.7, 2012 – $5,863.0, 2013 – $6,168.7, 2014 – $5,952.4, 2015 – $5,837.8, 2016 – $5,995.2, 2017 – $6,596.2, 2018 – $7,293.9, 2019 – $7,816.2, 2020 – $7,187.9 and 2021 – $7,808.7.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $8,356.2, 2023 – $8,791.9, 2024 – $9,316.6, 2025 – $9,869.3 and 2026 – $10,441.1.
11) GDP PPP per capita in current prices, international dollars: 2010 – $13,196.8, 2011 – $13,519.1, 2012 – $14,871.0, 2013 – $15,407.7, 2014 – $15,480.2, 2015 – $15,822.4, 2016 – $16,616.2, 2017 – $17,423.0, 2018 – $18,528.0, 2019 – $19,232.3, 2020 – $18,231.3 and 2021 – $19,028.4.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $20,387.6, 2023 – $21,682.8, 2024 – $22,944.1, 2025 – $24,240.7 and 2026 – $25,610.4.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 1.0 percent, 2011 – 1.0 percent, 2012 – 1.0 percent, 2013 – 1.0 percent, 2014 – 1.0 percent, 2015 – 1.0 percent, 2016 – 1.0 percent, 2017 – 1.0 percent, 2018 – 1.0 percent, 2019 – 1.0 percent, 2020 – 1.0 percent and 2021 – 0.9 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 0.9 percent, 2023 – 0.9 percent, 2024 – 0.9 percent, 2025 – 0.9 percent and 2026 – 0.9 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 104.1 percent, 2011 – 103.7 percent, 2012 – 101.9 percent, 2013 – 101.8 percent, 2014 – 101.4 percent, 2015 – 100.7 percent, 2016 – 102.6 percent, 2017 – 101.9 percent, 2018 – 101.4 percent, 2019 – 100.9 percent, 2020 – 98.9 percent and 2021 – 101.7 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 100.7 percent, 2023 – 99.7 percent, 2024 – 101.3 percent, 2025 – 101.7 percent and 2026 – 101.8 percent.
17) Ratio of the average price level in Thailand to the average price level in the United States, percent: 2010 – 38.4 percent, 2011 – 40.6 percent, 2012 – 39.4 percent, 2013 – 40.0 percent, 2014 – 38.5 percent, 2015 – 36.9 percent, 2016 – 36.1 percent, 2017 – 37.9 percent, 2018 – 39.4 percent, 2019 – 40.6 percent, 2020 – 39.4 percent and 2021 – 41.0 percent.
18) Projected ratio of the average price level in Thailand to the average price level in the United States, percent: 2022 – 41.0 percent, 2023 – 40.5 percent, 2024 – 40.6 percent, 2025 – 40.7 percent and 2026 – 40.8 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by