Thailand: Share of services

* indicates monthly or quarterly data series
 Thailand

Value added in the services sector as percent of GDP

 Latest value 56.19
 Year 2022
 Measure percent
 Data availability 1993 - 2022
 Average 53.86
 Min - Max 49.56 - 58.28
 Source The World Bank
For that indicator, we provide data for Thailand from 1993 to 2022. The average value for Thailand during that period was 53.86 percent with a minimum of 49.56 percent in 2010 and a maximum of 58.28 percent in 2019. The latest value from 2022 is 56.19 percent. For comparison, the world average in 2022 based on 165 countries is 54.13 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Thailand - Share of services - Recent values chart

Historical chart
Thailand - Share of services - historical chart - 1993-2022




The importance of services in the economy of Thailand and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.


 Related indicators Latest value Reference Measure
 Share of industry 35.00 2022 percent
 Share of manufacturing 27.02 2022 percent
 Share of services 56.19 2022 percent
 Industry value added 173.38 2022 billion U.S. dollars
 Manufacturing value added 133.87 2022 billion U.S. dollars
 Services value added 278.37 2022 billion U.S. dollars
 Savings, percent of GDP 26.61 2022 percent
 Savings, in dollars 131.85 2022 billion U.S. dollars
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