Services balance (credit less debit), Net (credits less debits) in Thailand
Thailand: Services balance (credit less debit), Net (credits less debits) was -2.05 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Thailand, 2005–2024
Source: International Monetary Fund.
Analysis
Thailand recorded -2.05 billion for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 73.9% on the previous year and down 130.6% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Thailand peaked at 24.32 billion in 2019 and was at its lowest, -33.32 billion, in 2021.
Thailand ranks 152nd of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Thailand, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -6.87 billion | — |
| 2006 | -8.00 billion | +16.4% |
| 2007 | -7.96 billion | -0.6% |
| 2008 | -12.90 billion | +62.1% |
| 2009 | -4.23 billion | -67.2% |
| 2010 | -6.99 billion | +65.5% |
| 2011 | -4.55 billion | -34.9% |
| 2012 | 849.98 million | -118.7% |
| 2013 | 7.40 billion | +770.8% |
| 2014 | 6.69 billion | -9.6% |
| 2015 | 15.56 billion | +132.5% |
| 2016 | 20.27 billion | +30.3% |
| 2017 | 24.30 billion | +19.8% |
| 2018 | 22.53 billion | -7.2% |
| 2019 | 24.32 billion | +7.9% |
| 2020 | -15.34 billion | -163.1% |
| 2021 | -33.32 billion | +117.2% |
| 2022 | -24.04 billion | -27.8% |
| 2023 | -7.86 billion | -67.3% |
| 2024 | -2.05 billion | -73.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.99 billion | -12.90 billion | -4.23 billion | 5 |
| 2010s | 11.04 billion | -6.99 billion | 24.32 billion | 10 |
| 2020s | -16.52 billion | -33.32 billion | -2.05 billion | 5 |
Countries ranked near Thailand
More financial sector data for Thailand
- Net domestic credit (current LCU), per capita 389,633 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 48.36 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 263.90 million SDR (2025)
- Gold reserves at market value 24.05 billion SDR (2025)
- Reserves excluding gold, foreign exchange 177.04 billion SDR (2025)
- Reserves excluding gold 182.06 billion SDR (2025)
- Total reserves (gold at market value) 206.10 billion SDR (2025)
- Total reserves (gold at national valuation) 205.82 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,874 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Thailand?
- Services balance (credit less debit), net (credits less debits) in Thailand was -2.05 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Thailand?
- The highest recorded value was 24.32 billion in 2019.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Thailand?
- The lowest recorded value was -33.32 billion in 2021.
- How does Thailand rank for services balance (credit less debit), net (credits less debits)?
- Thailand ranks 152nd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Thailand?
- Over the last ten years it is down 130.6%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.