Sri Lanka vs Thailand: Economic Indicators Comparison

Thailand with a GDP of $505B ranked the 26th largest economy in the world, while Sri Lanka ranked 65th with $88.9B. By GDP 5-years average growth and GDP per capita, Thailand and Sri Lanka ranked 86th vs 51st and 89th vs 120th, respectively.

Gross Domestic Product & Income

StatSri LankaThailand
GDP$88.9B$505B
GDP growth, 1 year3%4.1%
GDP growth, 5-years average4.2%3.1%
Population21.4M65.9M
GDP per capita$4.1k$7.3k
GDP per capita growth2.13%3.8%
Purchasing Power Parity conversion factor49.4912.34
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.38
GDP per capita, PPP adjusted$13k$19k
GNI, Atlas method$87.9B$458.7B
GNI per capita$4.1k$6.6k
GNI, PPP adjusted$284.1B$1.3T
GNI per capita, PPP adjusted$13k$18k

Financial system and Human development

StatSri LankaThailand
Income Tax Rate24%35%
Corporate Tax Rate28%20%
Inflation, consumer prices4.3%1.1%
Inflation, GDP deflator4.3%1.4%
Unemployment4.4%0.7%
Economic Freedom Index57.469.4
Personal Freedom Index5.247.42
Human Freedom Index5.697.11
Property Rights Index47.759.5
Judical Effectiveness Index39.248
Business Freedom Index76.583
Fiscal Health Index39.396.4
Labor Freedom Index58.663.7
Investment Freedom Index4055
Financial Freedom Index4060
Trade Freedom Index67.683
Monetary Freedom Index71.174
Government Spending Index88.985.9
Tax Burden Index84.880.7
Government Integrity Index34.743.4
Corruption Perceptions Index3836
Life expectancy at birth, years76.676.7
Suicide mortality rate, per 100,000 people14.614.4
Mortality caused by road traffic injury, per 100,000 people14.932.7
Intentional homicides, per 100,000 people2.33.2
International tourism, number of arrivals2.3M38.2M

Government debt & reserves

StatSri LankaThailand
Central government debt, % of GDP84.1%42.1%
External debt stocks, % of GNI60.8%35.1%
External debt stocks$52.6B$169.2B
Short-term debt, % of total reserves118.2%29.3%
Total debt service, % of exports and primary income36%5.4%
Adjusted net savings including particulate emission damage, % of GNI28.5%14%
Gross savings, % of GDP25.5%32.2%
Gross capital formation, % of GDP28.6%25%
Total reserves including gold$6.9B$205.6B
Foreign direct investment net inflows$1.6B$13.4B

Exports, imports and economic structure

StatSri LankaThailand
Exports of goods and services, % of GDP22.8%66.8%
Imports of goods and services, % of GDP30.1%56.5%
Current account balance (balance of payments)-$2.8B$32.4B
Revenue excluding grants, % of GDP13.3%19.5%
Grants excluding technical cooperation, BoP$182.6M$90.4M
Personal remittances received$7B$7.5B
Industry including construction value added, % of GDP27%35%
Agriculture, forestry and fishing value added, % of GDP7.9%8.1%
Charges for the use of intellectual property, payments BoPN/A$5.3B
Charges for the use of intellectual property, receipts BoPN/A$163M
Expense, % of GDP16.2%18.5%
Government Expenditure, % of GDP19.2%21.7%

Compare with countries close by GDP per capita

Sri Lanka vs

CountryGDP
per capita
Population
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M

Thailand vs

CountryGDP
per capita
Population
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M