Thailand Gross Domestic Product has been growing substantially over the last few decades . Between 1960 and the Asian crisis of 1997, GDP annual growth oscillated between 5 and around 10 percent per year. From 1988 to 1990 there was growth substantially higher than 10 %.
The Asian economic crisis of 1997 caused the first (and substantial) drop into negative territory. Afterwards growth overall seems to trend around 5 % per year. A second dip into negative territory occurred with the global crisis of 2008-2009 with negative growth of 2.3 % in Thailand in 2009. Growth in 2010 was measured at 7.8 %, this despite significant policital disturbances.
2011 showed no growth overall due to the flooding at the end of the year.
The World Bank sets the GDP per capita (PPP method) at 13,824 US Dollars for 2012. The numbers of GDP by PPP by the World Bank have been updated upwards significantly, when compared to a few years ago.
NESDB reports a GDP for 2012 of 183,803 Thai Baht. When comparing with the GDP - PPP (purchasing power parity) method from the World Bank, the difference is huge.
Growth rates since 2001(World Bank) :
(data show growth of only 0.1 % for 2011,
after a contraction of 8.9% year-on-year during the last quarter,
due to severe flooding)
The growth in the first quarter of 2012 was just 0,4% Y-on-Y, then picked up and
reached no less than 18.9% in the last quarter of 2012, when compared to
the 'flooded' last quarter of 2011. Growth of GDP in 2013 was 2.9 %, and predictions were lowered throughout the year.