Thailand M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Thailand's m2 money supply growth was -0.10% in 2025, ranked 109th globally. This represents a 102.9% decrease from 2024. Data from World Bank, covering 1961–2025.
Overview
Thailand's m2 money supply growth stood at -0.10% in 2025, a decline of +3.47pp from 2024. Based on recent trends, this figure is projected to reach -0.10% by 2025. Thailand ranked 109th globally.
Thailand’s M2 money‑supply growth has slipped to –0.10 % in 2025, placing the economy at 109th globally and marking the lowest level recorded since the series began in 1961, when growth stood at 13.46 %. The sharpest acceleration occurred in 1989, when annual expansion peaked at 26.18 %, a reflection of the rapid financial liberalisation and export‑driven boom of the late 1980s. The recent contraction follows a decade of modest growth and is comparable to the modest declines seen in peer economies such as Bhutan (–0.09 %) and New Zealand (–0.12 %) in the same year. The downturn signals tighter monetary conditions, subdued credit demand and lingering effects of global slowdown, while the long‑term average remains well above the current trough. Continued fiscal stimulus, a rebound in external demand or a shift to accommodative policy could reverse the negative trajectory, but absent such drivers the downward bias is likely to persist in the near term.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -3.38% | - | - |
| 2026* trend | -1.74% | - | - |
| 2025* trend | -0.10% | - | - |
| 2025 | -0.10% | −3.47pp | #109 |
| 2024 | 3.37% | +1.42pp | #16 |
| 2023 | 1.95% | −1.93pp | #21 |
| 2022 | 3.88% | −0.93pp | #26 |
| 2021 | 4.81% | −5.35pp | #25 |
| 2020 | 10.16% | +6.52pp | #51 |
| 2019 | 3.64% | −1.03pp | #30 |
| 2018 | 4.67% | −0.35pp | #48 |
| 2017 | 5.01% | +0.79pp | #51 |
| 2016 | 4.22% | −0.21pp | #42 |
| 2015 | 4.44% | −0.21pp | #41 |
| 2014 | 4.65% | −2.67pp | #32 |
| 2013 | 7.32% | −3.05pp | #51 |
| 2012 | 10.38% | −4.75pp | #80 |
| 2011 | 15.12% | +4.18pp | #103 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's m2 money supply growth was -0.10% in 2025. Ranked 109th globally. This represents a 102.9% decrease from the previous year.
Thailand's m2 money supply growth peaked at 26.18% in 1989.
The lowest m2 money supply growth in Thailand was -0.10% in 2025.
Thailand ranks 109th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Thailand's m2 money supply growth is projected to reach -0.10% by 2025 based on trend extrapolation.
The m2 money supply growth of Thailand in 2025 was -0.10%. This ranks 109th in the world.
Cite this page
@misc{historysaid_thailand_m2-growth,
title = {Thailand M2 Money Supply Growth},
url = {https://historysaid.com/thailand/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}