Makrognosis

Thailand Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:TH

Model score57 / 1009 Nov 2026
Grade equivalentBBB-model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank55th of 84economies scored

Makrognosis sovereign credit model scores Thailand at 57 out of 100 as of 9 November 2026, equivalent to BBB- on the familiar letter scale — investment grade.

The score is up 1.7 points from 55 on 1 October 2026.

That places Thailand 55th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 49.5% of GDP, a fiscal balance of −3.1% of GDP, a current account balance of 2.8% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Thailand sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026525354555657Robomacro
Thailand sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202656.6BBB-
1 October 202654.9BBB-
31 July 202654.9BBB-
30 July 202654.1BBB-
26 July 202657.1BBB-
21 June 202652.5BBB-
18 June 202654.0BBB-
Get the Thailand sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/TH"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/TH",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Thailand, from official national and international statistics.

InputValueVintage
GDP per capitaUS$8,056.62026
Real GDP growth, 5-year average2.4%2026
Inflation, recent average1.4%2026
Government debt49.5% of GDP2026
Fiscal balance−3.1% of GDP2026
Current account balance2.8% of GDP2026
External debt37.5% of GDP2026
Foreign-exchange reserves7.4 months of imports2026
Governance (World Bank WGI composite)−0.2712026

How Thailand compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
50Panama9 Nov 202658
51Trinidad and Tobago9 Nov 202657
52Bulgaria9 Nov 202657
53Jordan9 Nov 202657
54Guyana9 Nov 202657
55Thailand9 Nov 202657
56Bahrain9 Nov 202656
57Brazil9 Nov 202656
58Mexico9 Nov 202656
59Peru9 Nov 202655
60Vietnam9 Nov 202654
61Colombia9 Nov 202654

All 84 economies ranked →

Thailand economic indicators

Thailand GDP (Gross Domestic Product)Thailand Nominal GDP at current market prices, calendar year (NESDC QGDP Table 3, THB million)Thailand Nominal GDP at current market prices, seasonally adjusted (NESDC QGDP Table 5, THB million)Thailand Real GDP, chain volume measures (ref. year 2002), calendar year (NESDC QGDP Table 4, THB million)Thailand Inflation Rate (CPI)Thailand Unemployment RateThailand Industrial ProductionThailand Trade Balance: Goods & ServicesThailand Total Exports, Customs Basis, USD mn (BOT)Thailand Total Imports, Customs Basis, USD mn (BOT)Thailand Government Debt to GDPThailand EmploymentThailand M2 Money StockThailand Foreign Tourist Arrivals, Thousand Persons (BOT)Thailand GDP in US DollarsThailand Implicit GDP deflator, original (NESDC QGDP Table 3 / Table 4 x 100, 2002=100)

FAQ

What is Thailand's credit rating?
Makrognosis sovereign credit model scores Thailand at 57/100 as of 9 November 2026, equivalent to BBB- (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/TH returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.