Gross Domestic Product Per Capita for Thailand
PCAGDPTHA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,345.14
Year-over-Year Change
28.29%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Thailand measures the total economic output of the country divided by its population. This metric provides insights into the standard of living and economic well-being of Thai citizens.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a crucial economic indicator used to assess a country's economic development and living standards. It reflects the average income and productivity levels within Thailand, which informs policy decisions and investment strategies.
Methodology
The data is calculated by the World Bank using Thailand's GDP figures and population estimates.
Historical Context
GDP per capita is closely monitored by policymakers, investors, and international organizations to gauge Thailand's economic performance and guide economic policies.
Key Facts
- Thailand's GDP per capita was $7,808 in 2021.
- GDP per capita has grown by over 5% annually in Thailand since 2015.
- Thailand ranks 82nd globally in GDP per capita as of 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Thailand measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a crucial metric for assessing a country's economic development, living standards, and productivity levels, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Thailand's GDP figures and population estimates.
Q: How is this trend used in economic policy?
A: GDP per capita is closely monitored by policymakers, investors, and international organizations to gauge Thailand's economic performance and guide economic policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may have a delay of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Thailand (PCAGDPTHA646NWDB), retrieved from FRED.