Expenditure-side Real GDP at Chained Purchasing Power Parities for Thailand
RGDPESTHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,222,506.50
Year-over-Year Change
53.68%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Thailand based on expenditure-side calculations and adjustments for purchasing power parity. It provides a comprehensive assessment of Thailand's economic output and growth.
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
The expenditure-side real GDP at chained purchasing power parities for Thailand is a key indicator used by economists and policymakers to evaluate the overall size and performance of the Thai economy. It accounts for differences in price levels between Thailand and other countries to enable cross-country comparisons.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Historical Context
This trend is widely referenced by international institutions, governments, and analysts to monitor Thailand's economic development and competitiveness.
Key Facts
- Thailand's 2021 expenditure-side real GDP was $1.18 trillion.
- GDP per capita based on this measure was $16,957 in 2021.
- The Thai economy grew by 1.5% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Thailand based on expenditure-side calculations and adjustments for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This comprehensive indicator provides valuable insights into the overall size and performance of the Thai economy, enabling cross-country comparisons and informing economic policies and business decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, gross fixed capital formation, changes in inventories, and net exports.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by international institutions, governments, and analysts to monitor Thailand's economic development and competitiveness, informing policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Thailand (RGDPESTHA666NRUG), retrieved from FRED.