Thailand Real Interest Rate
Real interest rate FR.INR.RINR
Thailand's real interest rate was 1.77% in 2025, ranked 55th globally. This represents a 44.7% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Thailand's real interest rate stood at 1.77% in 2025, a decline of +1.43pp from 2024. Based on recent trends, this figure is projected to reach 1.77% by 2025. Thailand ranked 55th globally.
Thailand’s real interest rate in 2025 stood at 1.77 percent, placing the country 55th in the World Bank ranking and slightly above peers such as Kuwait (1.62 percent) and Comoros (1.82 percent). Over the 48‑year series the rate has fallen from a post‑oil‑crisis peak of 15.12 percent in 1984 to a historic trough of –1.45 percent in 2022, reflecting the combined impact of accommodative monetary policy and subdued inflation in the early 2020s. The recent modest rise to 1.77 percent suggests a gradual tightening as the Bank of Thailand seeks to anchor inflation expectations while supporting growth. Nonetheless, the long‑term trajectory remains sensitive to external shocks, notably commodity price volatility and global financial conditions, which could either reinforce a higher‑rate environment or push the real rate back toward negative territory if growth slows and price pressures ease.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 1.54% | - | - |
| 2026* trend | 1.66% | - | - |
| 2025* trend | 1.77% | - | - |
| 2025 | 1.77% | −1.43pp | #55 |
| 2024 | 3.21% | +0.23pp | #24 |
| 2023 | 2.97% | +4.43pp | #42 |
| 2022 | -1.45% | −2.72pp | #34 |
| 2021 | 1.26% | −3.39pp | #50 |
| 2020 | 4.65% | +1.61pp | #44 |
| 2019 | 3.04% | +0.36pp | #27 |
| 2018 | 2.68% | +0.21pp | #37 |
| 2017 | 2.47% | +0.68pp | #45 |
| 2016 | 1.79% | −2.20pp | #17 |
| 2015 | 3.98% | +0.52pp | #42 |
| 2014 | 3.46% | +0.23pp | #35 |
| 2013 | 3.22% | +0.01pp | #32 |
| 2012 | 3.22% | +1.94pp | #41 |
| 2011 | 1.28% | +1.03pp | #44 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's real interest rate was 1.77% in 2025. Ranked 55th globally. This represents a 44.7% decrease from the previous year.
Thailand's real interest rate peaked at 15.12% in 1984.
The lowest real interest rate in Thailand was -1.45% in 2022.
Thailand ranks 55th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Thailand's real interest rate is projected to reach 1.77% by 2025 based on trend extrapolation.
The real interest rate of Thailand in 2025 was 1.77%. This ranks 55th in the world.
Cite this page
@misc{historysaid_thailand_real-interest-rate,
title = {Thailand Real Interest Rate},
url = {https://historysaid.com/thailand/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}