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GDP from construction Thailand 2010-2019

In 2019, the construction sector contributed approximately 422 billion Thai baht to the country's GDP. Such value also increased in the recent years. In that same year, the industry contributed around 33.4 percent in Thailand's GDP.

Construction works in the public sector



The construction industry in Thailand is dominated by the public sector, in which the government directly invests in construction projects or jointly invest with private enterprises for the public benefit such as utility projects, schools, hospitals, and infrastructure for trains, bridges, and other buildings. In 2020, it was forecasted that the market value of construction works in the public sector in Thailand would increase from the previous year, although the economy in Thailand still struggled due to COVID-19 pandemic.

Construction works in the private sector



As forconstruction 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 2019 alone, there were around three thousand newly established factories in Thailand. However, unlike construction in the public sector, the market value of in the private sector was forecasted to decrease in 2020 when compared to the previous year.

Gross domestic product (GDP) from the construction sector in Thailand from 2010 to 2019

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Source

Release date

August 2020

Region

Thailand

Survey time period

2010 to 2019

Special properties

figures at current market prices

Supplementary notes

* Preliminary figure.

Figures have been rounded.

One Thai baht equals 0.032 U.S dollars and 0.028 euros (as of August 2020). The source does not provide a date of publication. The date used here is the access date.

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Statistics on "Construction industry in Thailand"

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