Thailand: Industry value added

The latest value from 2024 is 169.14 billion U.S. dollars, a decline from 170.15 billion U.S. dollars in 2023. In comparison, the world average is 168.28 billion U.S. dollars, based on data from 150 countries. Historically, the average for Thailand from 1960 to 2024 is 59 billion U.S. dollars. The minimum value, 0.51 billion U.S. dollars, was reached in 1960 while the maximum of 182.74 billion U.S. dollars was recorded in 2019. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.