Thailand: GDP from construction 2024| ��ƽ��

Gross domestic product (GDP) from the construction sector in Thailand from 2015 to 2024 (in billion Thai baht)

Characteristic	GDP contribution in billion Thai baht
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Release date

February 2025

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Region

Thailand

Survey time period

2015 to 2024

Special properties

figures at current market prices

Supplementary notes

*Preliminary figure.

Figures have been rounded.

One Thai baht equals 0.029 U.S. dollars and 0.028 euros as of February 2025.

The source does not provide a date of publication. The date used here is the date of access.

Citation formats

In 2024, the construction sector contributed over *** billion Thai baht to Thailand's GDP. Such value also increased in recent years. In that same year, Thailand's service industries' total GDP amounted to over ** trillion Thai baht.

Construction works in the public sector

The public sector dominates the construction industry in Thailand. In which the government directly invests in construction projects or jointly invests with private enterprises for the public benefit, such as utility projects, schools, hospitals, and infrastructure for trains, bridges, and other buildings. In 2023, the investment value of the construction industry in the public sector of Thailand slightly decreased from the previous year.

Construction works in the private sector

As for construction in the private sector, it also contributes a great deal to the industry in Thailand. The country’s construction works in the private sector include residences, commercial buildings, and industrial factories. In 2023, there were around *** thousand newly established factories in Thailand. However, unlike construction in the public sector, the market value of the private sector rose slightly in 2023 compared to the previous year.