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Real GDP growth agriculture sector Thailand 2015-2021

Since 2015, the GDP growth of agriculture in Thailand had been slowly increasing and reached its highest GDP growth percentage in 2018. The agricultural sector in Thailand was also forecasted to continue to grow, with a growth rate of by 2.2 percent in 2021.

Agricultural production in Thailand

Thailand is a plentiful and fertile country, with almost half of the population working in agriculture-related jobs. Agriculture in Thailand is not only competitive, but it is also highly diversified. One of the most important crops in Thailand is rice, among other cash crops like cassava, sugarcane, and rubber. In 2019, the production value of rice in Thailand reached almost 300 billion Thai baht. At the same time, the production volume of rice was also forecasted to amount to 28.36 million tons.

Livestock in Thailand

Apart from agriculture, livestock is also an important industry in Thailand’s economy. In 2019, the feed demand in Thailand was estimated to reach almost 20 million metric tons, with broiler chickens representing around 40 percent of the total demand for feed. Given that broilers account for the highest share of feed demand, chicken plays a considerable role in Thailand’s meat production. In 2018, the production volume of chicken in Thailand amounted to 1.73 million tons.

Real GDP growth of the agriculture sector in Thailand from 2015 to 2021

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Source

Release date

October 2019

Region

Thailand

Survey time period

2015 to 2018

Supplementary notes

* Estimate.
** Forecast.

Based on constant factor prices.

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Statistics on "Agriculture in Thailand"

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