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In 2024, the revenue of the central government accounted for **** percent of Thailand's GDP. Central government revenue comprises taxes, grants, and others. Moreover, as a service-oriented economy rather than an agricultural one, Thailand relies heavily on its tourism industry to help rake in the annual revenue earnings.

Revenue of the government in ThailandÌý
The Thai government’s annual revenue has developed an increasing trend since 2021, after dropping in 2020 due to the COVID-19 pandemic. Taxes were the main source of revenue for the central government. The value-added tax, followed by the corporate income tax, were the key contributors to the government’s revenue. Ìý


Government debt in Thailand
Over the years, not only has a gradual increase in the government’s expenditure been recorded, but also the increment in the value of public debt accrued until 2024. That year, most of the debt was attributed to the central government. Moreover, domestic debt accounted for a whopping *** trillion Thai baht of the total value of central government debt in 2024.Ìý