GDP reading: GDP growth moderated to 2.5% in seasonally adjusted annualized rate terms (SAAR) in the final quarter of 2024...
Government Consumption in Thailand
The Thai economy recorded average government consumption growth of 1.9% in the decade to 2022. In 2022, government consumption growth was 0.2%.
Thailand Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Thailand from 2014 to 2024.
Source: Macrobond.
Thailand Government Consumption Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 1.4 | 3.7 | 0.1 | -4.7 | 2.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai government consumption projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Thai government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai government consumption projections.
Want to get access to the full dataset of Thai government consumption forecasts? Send an email to info@focus-economics.com.
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