Net incurrence of liabilities, total in Thailand
Thailand: Net incurrence of liabilities, total was 571.50 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Thailand recorded 571.50 billion current LCU for net incurrence of liabilities, total in 2024.
Compared with earlier readings it is up 6.3% on the previous year and up 192.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Thailand peaked at 1.43 trillion current LCU in 2021 and was at its lowest, -64.11 billion current LCU, in 1991.
That places Thailand 37th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.46 billion current LCU | 3.00 billion current LCU | 20.72 billion current LCU | 8 |
| 1980s | 29.63 billion current LCU | -19.43 billion current LCU | 54.94 billion current LCU | 10 |
| 1990s | 44.36 billion current LCU | -64.11 billion current LCU | 436.15 billion current LCU | 10 |
| 2000s | 182.97 billion current LCU | 16.77 billion current LCU | 473.88 billion current LCU | 10 |
| 2010s | 294.43 billion current LCU | 150.80 billion current LCU | 445.17 billion current LCU | 10 |
| 2020s | 863.46 billion current LCU | 537.54 billion current LCU | 1.43 trillion current LCU | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 29.9% (2024)
- Taxes on goods and services 41.7% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) -1.5% (2024)
- Interest payments 5.8% (2024)
- Grants and other revenue 20.0% (2024)
- Interest payments 5.5% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Thailand?
- Net incurrence of liabilities, total in Thailand was 571.50 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Thailand?
- The highest recorded value was 1.43 trillion current LCU in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Thailand?
- The lowest recorded value was -64.11 billion current LCU in 1991.
- How does Thailand rank for net incurrence of liabilities, total?
- Thailand ranks 37th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Thailand?
- Over the last ten years it is up 192.7%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.