Thailand Government Debt to GDP
AnnualNot seasonally adjustedCode TH.GOVDEBT.A.NSA
Thailand Government Debt to GDP was 49.5% in 2025, up 3.5 percentage points from 2024.
That is the highest reading since the series began in 2005.
Among the 38 economies Makrognosis covers on this measure, it is the 13th lowest.
Over the past ten years it has ranged from 27.1% (2015) to 49.5% (2025), averaging 36.1%.
Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.
Recent data
| Period | Value |
|---|---|
| 2025 | 49.5% |
| 2024 | 46.0% |
| 2023 | 44.3% |
| 2022 | 41.6% |
| 2021 | 39.2% |
| 2020 | 35.6% |
| 2019 | 29.2% |
| 2018 | 28.9% |
| 2017 | 27.7% |
| 2016 | 27.5% |
| 2015 | 27.1% |
| 2014 | 25.3% |
| 2013 | 25.8% |
| 2012 | 24.5% |
| 2011 | 23.2% |
| 2010 | 23.3% |
| 2009 | 22.3% |
| 2008 | 19.1% |
| 2007 | 19.4% |
| 2006 | 18.0% |
| 2005 | 17.9% |
Last 21 observations. The full history (21 observations) is available through the API.
One guessable code, agency-direct, updated on release. Free tier available.
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
"https://makrognosis.robomacro.com/v1/series/TH.GOVDEBT.A.NSA"
# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/TH.GOVDEBT.A.NSA",
headers={"X-API-Key": KEY})
obs = r.json()["observations"]About this series
| Latest observation | 2025 |
|---|---|
| First observation | 2005 |
| Observations | 21 |
| Frequency | Annual |
| Units | % of GDP |
| Adjustment | Not seasonally adjusted |
| 10-year high | 49.5% (2025) |
| 10-year low | 27.1% (2015) |
| 10-year average | 36.1% |
| Source agency | U.S. Treasury FiscalData |
| Makrognosis code | TH.GOVDEBT.A.NSA |
This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.
Government Debt to GDP: how Thailand compares
| # | Economy | Period | Latest |
|---|---|---|---|
| 1 | Singapore | 2025 | 166.1% |
| 2 | Greece | 2026 | 140.8% |
| 3 | Italy | 2026 | 139.9% |
| 4 | Canada | 2026 | 131.3% |
| 5 | United States | 2026 | 121.7% |
| 21 | Germany | 2026 | 63.4% |
| 22 | Colombia | 2025 | 62.9% |
| 23 | Norway | 2026 | 60.8% |
| 24 | Romania | 2026 | 59.4% |
| 25 | Mexico | 2026 | 50.9% |
| 26 | Thailand | 2025 | 49.5% |
| 27 | Ghana | 2026 | 45.7% |
| 28 | Czech Republic | 2026 | 43.8% |
| 29 | Netherlands | 2026 | 43.7% |
| 30 | Chile | 2026 | 43.0% |
| 31 | Switzerland | 2025 | 40.1% |
| 32 | Australia | 2026 | 37.9% |
Government Debt to GDP by country: all 38 economies ranked →
Other Thailand indicators
FAQ
- What is the current government Debt to GDP in Thailand?
- The latest reading is 49.5% for 2025, published by U.S. Treasury FiscalData.
- Where does this data come from?
- It is collected directly from U.S. Treasury FiscalData and is available through the Makrognosis API under the code TH.GOVDEBT.A.NSA.
Last updated 2026-10-22. Source: U.S. Treasury FiscalData. Original title: “Thailand outstanding government bonds, % of nominal GDP (computed: BOTTH level ÷ NESDC GDP)”.