Thailand: External debt, percent of Gross National Income
For that indicator, we provide data for Thailand from 1970 to 2019. The average value for Thailand during that period was 36.66 percent with a minimum of 11.54 percent in 1973 and a maximum of 96.05 percent in 1998.
The latest value from 2019 is 34.42 percent. For comparison, the world average in 2019 based on 108
countries is 53.16 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The external debt of Thailand and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.