Thailand Government Revenue
General government revenue as % of GDP GGR_NGDP
Thailand's government revenue was 20.92% in 2025, ranked 127th globally. This represents a 2.3% decrease from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Thailand's government revenue stood at 20.92% in 2025, a decline of +0.50% from 2024. The IMF projects 20.92% by 2025. Thailand ranked 127th globally.
Thailand’s government revenue as a share of GDP measured 20.92 percent in 2025, placing the country 127th in the world according to the IMF World Economic Outlook. Over the 31‑year span from 1995, when revenue stood at 20.23 percent, the series has shown modest volatility, falling to an all‑time trough of 17.45 percent in 1999 amid the Asian financial crisis and rising to a peak of 22.46 percent in 2015 as fiscal consolidation took hold. The 2025 figure sits marginally above the Bahamas (20.79 percent) and just below Rwanda (21.09 percent), indicating Thailand’s revenue performance remains comparable to other middle‑income economies with similar fiscal capacities. The post‑2015 decline from the peak reflects a combination of lower tax receipts and increased public spending, while the slight rebound to 20.92 percent suggests a gradual re‑balancing of the fiscal ledger. Continued structural reforms and improved tax administration could sustain this upward trajectory, whereas a resurgence of external shocks would likely reverse it.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 21.02% | - | - |
| 2029* IMF | 21.02% | - | - |
| 2028* IMF | 21.01% | - | - |
| 2027* IMF | 20.99% | - | - |
| 2026* IMF | 20.94% | - | - |
| 2025* IMF | 20.92% | - | - |
| 2025 | 20.92% | −0.50% | #127 |
| 2024 | 21.42% | +0.55% | #129 |
| 2023 | 20.86% | +0.81% | #132 |
| 2022 | 20.05% | +0.03% | #141 |
| 2021 | 20.02% | −0.39% | #138 |
| 2020 | 20.41% | −0.57% | #132 |
| 2019 | 20.98% | −0.38% | #134 |
| 2018 | 21.36% | +0.26% | #131 |
| 2017 | 21.10% | −0.67% | #125 |
| 2016 | 21.77% | −0.70% | #121 |
| 2015 | 22.46% | +0.98% | #122 |
| 2014 | 21.49% | −0.75% | #135 |
| 2013 | 22.23% | +0.84% | #129 |
| 2012 | 21.39% | +0.18% | #136 |
| 2011 | 21.21% | +0.27% | #137 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's government revenue was 20.92% in 2025. Ranked 127th globally. This represents a 2.3% decrease from the previous year.
Thailand's government revenue peaked at 22.46% in 2015.
The lowest government revenue in Thailand was 17.46% in 1999.
Thailand ranks 127th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Thailand's government revenue is projected to reach 20.92% by 2025 based on IMF projection.
The government revenue of Thailand in 2025 was 20.92%. This ranks 127th in the world.
Cite this page
@misc{historysaid_thailand_government-revenue,
title = {Thailand Government Revenue},
url = {https://historysaid.com/thailand/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}