Thailand: Fiscal balance, percent of GDP, 1979 - 2020:
For that indicator, we provide data for Thailand from 1979 to 2020. The average value for Thailand during that period was -1.04 percent with a minimum of -5.1 percent in 1982 and a maximum of 4.9 percent in 1991.
The latest value from 2020 is -2.6 percent. For comparison, the world average in 2020 based on 156
countries is -7.06 percent.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
