Tax revenue in Thailand
Thailand: Tax revenue was 2.84 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Thailand recorded 2.84 trillion current LCU for tax revenue in 2024. That is the highest value across all 53 years on record.
That represents a change of up 2.0% on the previous year and up 29.9% over ten years.
Over the whole period, tax revenue in Thailand peaked at 2.84 trillion current LCU in 2024 and was at its lowest, 18.78 billion current LCU, in 1972.
Thailand ranks 34th of 157 countries on this measure, in the top quarter.
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 | 40.09 billion current LCU | 18.78 billion current LCU | 69.16 billion current LCU | 8 |
| 1980s | 156.22 billion current LCU | 87.07 billion current LCU | 289.33 billion current LCU | 10 |
| 1990s | 583.47 billion current LCU | 369.18 billion current LCU | 775.86 billion current LCU | 10 |
| 2000s | 1.09 trillion current LCU | 657.90 billion current LCU | 1.49 trillion current LCU | 10 |
| 2010s | 2.21 trillion current LCU | 1.61 trillion current LCU | 2.60 trillion current LCU | 10 |
| 2020s | 2.61 trillion current LCU | 2.38 trillion current LCU | 2.84 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 tax revenue in Thailand?
- Tax revenue in Thailand was 2.84 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Thailand?
- The highest recorded value was 2.84 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Thailand?
- The lowest recorded value was 18.78 billion current LCU in 1972.
- How does Thailand rank for tax revenue?
- Thailand ranks 34th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Thailand?
- Over the last ten years it is up 29.9%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.