Debt service (PPG and IMF only, % of exports of goods, services and) in Thailand
Thailand: Debt service (PPG and IMF only, % of exports of goods, services and) was 1.0% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Thailand, 1976–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
The most recent figure for debt service (ppg and imf only, % of exports of goods, services and) in Thailand is 1.0%, measured in 2024.
Compared with earlier readings it is down 42.1% on the previous year and up 34.5% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Thailand peaked at 18.9% in 1986 and was at its lowest, 0.3%, in 2017.
Thailand ranks 116th of 118 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Thailand, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 2.4% | — |
| 1977 | 3.0% | +23.2% |
| 1978 | 3.7% | +26.3% |
| 1979 | 4.9% | +29.9% |
| 1980 | 5.5% | +14.0% |
| 1981 | 7.9% | +42.1% |
| 1982 | 9.5% | +20.5% |
| 1983 | 11.3% | +19.1% |
| 1984 | 13.4% | +18.1% |
| 1985 | 17.5% | +31.2% |
| 1986 | 18.9% | +8.1% |
| 1987 | 14.2% | -24.9% |
| 1988 | 13.7% | -3.8% |
| 1989 | 10.4% | -24.1% |
| 1990 | 11.4% | +10.0% |
| 1991 | 4.8% | -57.6% |
| 1992 | 4.9% | +0.9% |
| 1993 | 4.4% | -10.8% |
| 1994 | 4.5% | +4.0% |
| 1995 | 3.7% | -17.5% |
| 1996 | 2.9% | -22.0% |
| 1997 | 2.7% | -8.8% |
| 1998 | 3.5% | +30.7% |
| 1999 | 5.7% | +63.3% |
| 2000 | 5.8% | +1.9% |
| 2001 | 8.2% | +41.6% |
| 2002 | 10.6% | +29.7% |
| 2003 | 8.0% | -25.0% |
| 2004 | 4.2% | -47.4% |
| 2005 | 2.4% | -43.4% |
| 2006 | 2.0% | -14.2% |
| 2007 | 1.1% | -45.6% |
| 2008 | 1.3% | +15.3% |
| 2009 | 0.6% | -56.3% |
| 2010 | 0.4% | -22.1% |
| 2011 | 0.5% | +24.2% |
| 2012 | 0.4% | -25.8% |
| 2013 | 0.8% | +101.4% |
| 2014 | 0.7% | -10.8% |
| 2015 | 0.8% | +7.5% |
| 2016 | 0.3% | -63.6% |
| 2017 | 0.3% | -3.7% |
| 2018 | 0.5% | +82.7% |
| 2019 | 0.7% | +39.6% |
| 2020 | 2.5% | +267.7% |
| 2021 | 0.4% | -84.4% |
| 2022 | 0.6% | +45.5% |
| 2023 | 1.7% | +189.1% |
| 2024 | 1.0% | -42.1% |
Thailand compared with similar countries
- Thailand's 1.0% is below the median for upper middle income countries, which is 7.8%, 12% of the median. (50 countries reporting)
- Thailand's 1.0% is below the median for East Asia & Pacific, which is 4.9%, 20% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +267.7% | 0.7% | 2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | 2.4% | 4.9% | 4 |
| 1980s | 12.2% | 5.5% | 18.9% | 10 |
| 1990s | 4.9% | 2.7% | 11.4% | 10 |
| 2000s | 4.4% | 0.6% | 10.6% | 10 |
| 2010s | 0.5% | 0.3% | 0.8% | 10 |
| 2020s | 1.2% | 0.4% | 2.5% | 5 |
Countries ranked near Thailand
More external debt data for Thailand
- IFC, private nonguaranteed 344.75 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 4.81 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 871.58 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.7% (2024)
- Net financial flows, IDA -55.73 million NFL, current US$ (2011)
- Net financial flows, IDA (NFL, current US$), per capita -0.8077 NFL, current US$ per person (2011)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0002 NFL, current US$ per US$ of GDP (2011)
- Net financial flows, IBRD -83.40 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 0.9% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Thailand?
- Debt service (ppg and imf only, % of exports of goods, services and) in Thailand was 1.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Thailand?
- The highest recorded value was 18.9% in 1986.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Thailand?
- The lowest recorded value was 0.3% in 2017.
- How does Thailand rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Thailand ranks 116th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Thailand?
- Over the last ten years it is up 34.5%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.