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Thailand Government Spending

Government expenditure as % of GDP  GC.XPN.TOTL.GD.ZS

Thailand's government spending was 23.37% in 2025, ranked 77th globally. This represents a 12.5% increase from 2024. Data from World Bank, covering 1972–2025.

23.37% +2.60% (+12.5%)
Year 2025 Rank #77 Global Peak 25.13% (2021) Source World Bank

Thailand Government Spending (1972–2025)

Overview

Thailand's government spending stood at 23.37% in 2025, a rise of +2.60% from 2023. Based on recent trends, this figure is projected to reach 23.37% by 2025. Thailand ranked 77th globally.

Thailand’s general government expenditure as a share of GDP has risen steadily over the 53‑year series, moving from a low of 10.33 percent in 1974 to a peak of 25.13 percent in 2021, before easing to 23.37 percent in 2025, ranking 77th globally. The post‑COVID‑19 surge to the 2021 high reflected expansive fiscal stimulus and heightened public‑investment programmes, while the modest decline by 2025 suggests a gradual rebalancing of budgetary priorities. Compared with peers of similar rank, Thailand’s 2025 level is close to Mexico’s 23.75 percent and Kyrgyz Republic’s 23.60 percent, indicating a comparable fiscal stance among middle‑income economies. The long‑term upward trajectory is anchored in recurring infrastructure projects and social‑welfare spending, yet future shifts could be driven by demographic ageing, debt sustainability concerns, or a reorientation toward fiscal consolidation, which would likely moderate the upward trend in government spending.

Data & projection

Year Government Spending YoY change Rank
2026* trend 23.73% - -
2025* trend 23.37% - -
2025 23.37% +2.60% #77
2023 20.77% −1.47% #27
2022 22.23% −2.90% #33
2021 25.13% +2.30% #53
2020 22.83% +4.16% #41
2019 18.67% −0.35% #41
2018 19.02% −0.10% #44
2017 19.12% −0.54% #49
2016 19.67% +0.27% #50
2015 19.39% −0.60% #47
2014 20.00% +0.18% #46
2013 19.82% +1.20% #44
2012 18.62% −0.80% #42
2011 19.42% +2.01% #39
2010 17.41% −1.00% #34
Show all years (1972-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.9% GDP growth 4.2% C/A balance 9.6%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw government spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Thailand's government spending?▾

Thailand's government spending was 23.37% in 2025. Ranked 77th globally. This represents a 12.5% increase from the previous year.

What was the highest government spending in Thailand?▾

Thailand's government spending peaked at 25.13% in 2021.

What was the lowest government spending in Thailand?▾

The lowest government spending in Thailand was 10.33% in 1974.

How does Thailand rank in government spending?▾

Thailand ranks 77th globally in government spending as of 2025.

What is the World Bank indicator code for government spending?▾

The World Bank indicator code is GC.XPN.TOTL.GD.ZS. Data sourced from World Bank.

What is the projected government spending of Thailand in 2025?▾

Thailand's government spending is projected to reach 23.37% by 2025 based on trend extrapolation.

What is the government spending of Thailand in 2025?▾

The government spending of Thailand in 2025 was 23.37%. This ranks 77th in the world.

Cite this page

APA
Thailand Government Spending. HistorySaid. Retrieved October 31, 2026, from https://historysaid.com/thailand/government-spending/
BibTeX
@misc{historysaid_thailand_government-spending, title = {Thailand Government Spending}, url = {https://historysaid.com/thailand/government-spending/}, publisher = {HistorySaid}, year = {2026} }
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