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Economy of Thailand vs Tunisia compared: GDP & Debt

Updated on by Georank team

Thailand has a GDP of $527B compared to $51.3B for Tunisia, ranking 31/197 and 93/197 by economy size, respectively.

Thailand has $333B in government debt (63.2% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Thailand vs Tunisia GDP by year

Thailand
Tunisia
1x
Year GDP, current $
Thailand Tunisia
2024 $526,517,658,842 $51,332,285,657
2023 $515,906,283,941 $48,205,328,303
2022 $495,644,697,588 $44,929,920,093
2021 $506,194,668,790 $47,073,234,359
2020 $500,461,898,480 $42,491,780,918
2019 $543,976,691,794 $41,905,642,419
2018 $506,754,208,404 $42,686,504,460
2017 $456,356,813,537 $42,163,530,591
2016 $413,366,349,748 $44,360,072,680
2015 $401,296,238,228 $45,779,494,042
2014 $407,339,040,198 $50,271,812,921
2013 $420,333,654,593 $48,685,446,414
2012 $397,558,325,279 $47,311,401,813
2011 $370,818,739,624 $48,123,325,825
2010 $341,104,766,329 $46,206,091,938
2009 $281,710,630,187 $43,455,740,497
2008 $291,382,982,431 $44,859,439,902
2007 $262,942,621,455 $38,915,353,867
2006 $221,758,296,022 $34,376,664,601
2005 $189,318,408,469 $32,272,186,695
2004 $172,895,685,155 $31,183,885,241
2003 $152,280,615,246 $27,453,902,261
2002 $134,300,904,400 $23,141,616,605
2001 $120,296,476,180 $22,065,832,449
2000 $126,392,224,254 $21,473,528,161
1999 $126,669,211,779 $22,943,202,175
1998 $113,675,596,788 $21,802,893,587
1997 $150,180,456,566 $20,746,210,354
1996 $183,035,237,429 $19,587,161,807
1995 $169,278,916,593 $18,030,876,599
1994 $146,683,778,959 $15,633,174,304
1993 $128,889,262,951 $14,608,335,608
1992 $111,452,746,518 $15,496,708,060
1991 $98,234,714,971 $13,074,782,609
1990 $85,343,190,719 $12,290,568,182
1989 $72,250,748,100 $10,101,851,745
1988 $61,667,253,471 $10,096,245,762
1987 $50,535,446,555 $9,696,715,911
1986 $43,096,773,981 $9,017,806,654
1985 $38,900,711,333 $8,410,226,053
1984 $41,797,647,776 $8,254,541,195
1983 $40,042,798,388 $8,350,582,748
1982 $36,589,772,404 $8,133,580,052
1981 $34,846,039,194 $8,428,445,294
1980 $32,353,514,989 $8,744,134,354
1979 $27,371,650,825 $7,188,863,904
1978 $24,006,566,637 $5,968,460,080
1977 $19,779,312,261 $5,109,324,009
1976 $16,985,208,648 $4,508,191,942
1975 $14,882,770,594 $4,328,965,588
1974 $13,702,998,512 $3,545,868,575
1973 $10,838,587,358 $2,730,813,385
1972 $8,177,873,151 $2,237,556,149
1971 $7,375,000,024 $1,685,162,272
1970 $7,086,538,438 $1,439,238,095
1969 $6,695,336,567 $1,289,904,762
1968 $6,081,009,428 $1,214,666,667
1967 $5,638,461,442 $1,085,714,286
1966 $5,279,230,817 $1,040,952,381
1965 $4,388,937,649 $991,047,619
1964 $3,889,129,942 $1,025,866,792
1963 $3,540,403,457 $1,026,737,600
1962 $3,308,912,797 $880,027,733
1961 $3,034,037,811 $866,155,429
1960 $2,760,750,861 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/thailand/tunisia | CC BY

GDP per capita in Thailand vs Tunisia by year

Thailand
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Thailand Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,347 $24,712 $4,181 $14,521
2023 $7,195 $23,519 $3,951 $14,041
2022 $6,909 $22,243 $3,707 $13,619
2021 $7,057 $20,243 $3,907 $12,444
2020 $6,986 $19,164 $3,549 $11,918
2019 $7,606 $19,963 $3,529 $12,495
2018 $7,100 $18,876 $3,628 $11,841
2017 $6,413 $17,573 $3,619 $11,289
2016 $5,834 $16,671 $3,848 $10,994
2015 $5,689 $15,791 $4,015 $10,783
2014 $5,801 $15,365 $4,459 $10,947
2013 $6,018 $15,216 $4,370 $10,672
2012 $5,726 $14,617 $4,297 $10,615
2011 $5,374 $13,227 $4,421 $10,436
2010 $4,974 $12,932 $4,292 $10,555
2009 $4,135 $11,964 $4,080 $10,237
2008 $4,309 $12,062 $4,255 $9,975
2007 $3,919 $11,723 $3,727 $9,479
2006 $3,331 $10,912 $3,323 $8,729
2005 $2,868 $10,169 $3,147 $8,117
2004 $2,642 $9,545 $3,067 $7,672
2003 $2,348 $8,824 $2,726 $7,098
2002 $2,090 $8,148 $2,321 $6,715
2001 $1,890 $7,632 $2,236 $6,593
2000 $2,006 $7,289 $2,199 $6,279
1999 $2,033 $6,901 $2,376 $5,930
1998 $1,848 $6,590 $2,285 $5,579
1997 $2,473 $7,148 $2,202 $5,333
1996 $3,055 $7,322 $2,107 $5,040
1995 $2,864 $6,901 $1,968 $4,686
1994 $2,518 $6,341 $1,733 $4,555
1993 $2,245 $5,834 $1,649 $4,401
1992 $1,972 $5,347 $1,785 $4,292
1991 $1,766 $4,914 $1,538 $3,975
1990 $1,559 $4,451 $1,476 $3,780
1989 $1,342 - $1,239 -
1988 $1,164 - $1,266 -
1987 $970 - $1,245 -
1986 $842 - $1,187 -
1985 $774 - $1,135 -
1984 $847 - $1,143 -
1983 $827 - $1,184 -
1982 $770 - $1,177 -
1981 $748 - $1,247 -
1980 $709 - $1,324 -
1979 $612 - $1,113 -
1978 $548 - $946 -
1977 $462 - $830 -
1976 $405 - $752 -
1975 $364 - $741 -
1974 $343 - $624 -
1973 $278.3 - $493 -
1972 $215.6 - $415 -
1971 $199.7 - $320 -
1970 $197.1 - $280.5 -
1969 $191.4 - $257.7 -
1968 $178.8 - $248.9 -
1967 $170.7 - $228 -
1966 $164.5 - $223.8 -
1965 $140.9 - $217.3 -
1964 $128.6 - $228.5 -
1963 $120.7 - $231.9 -
1962 $116.2 - $201.4 -
1961 $109.7 - $200.7 -
1960 $102.8 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/thailand/tunisia | CC BY

Thailand's GDP per capita is $7,347, ranking 100/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Thailand ranks 85th at $24,712, while Tunisia ranks 114th at $14,521.

Economic indicators

Thailand Tunisia
Gross domestic product
$527B
2024
$51.3B
2024
GDP rank
31/197
2024
93/197
2024
GDP growth
2.54%
2023-2024
1.61%
2023-2024
GDP per capita
$7,347
2024
$4,181
2024
GDP per capita rank
100/197
2024
129/197
2024
GDP per capita, PPP
$24,712
2024
$14,521
2024
GDP per capita PPP rank
85/197
2024
114/197
2024
Government debt
$333B
2024
$42.8B
2024
Debt-to-GDP ratio
63.2%
2024
83.4%
2024
Government debt per person
$4,643
2024
$3,487
2024
Government debt per person rank
84/185
2024
94/185
2024
Average annual personal income after taxes
$6,733
2026
$3,951
2026
Market capitalization of domestic companies
$520B
2024
$8.3B
2024
Number of millionaires
100,001
2025
n/a
Number of billionaires
25
2025
n/a
Income share by richest 10%
26.1%
2023
27%
2021
Income share by poorest 10%
3.4%
2023
3.1%
2021
Government expenditure, % of GDP
22.7%
2024
33.8%
2024
Consumer prices inflation
1.37%
2023-2024
7%
2023-2024
Central bank interest rate
1.5%
2025
7.5%
2025
Unemployment rate
0.78%
2024
15.1%
2023
Population
71571743
12437803

Spending and national debt comparison by year

Thailand
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Thailand Tunisia
Government spending Government debt Government spending Government debt
2024 22.7% 63.2% 33.8% 83.4%
2023 22.8% 62.3% 35.7% 84%
2022 24.7% 60.5% 36.5% 83%
2021 26.8% 58.3% 33.2% 79.7%
2020 24.9% 49.4% 34.5% 77.7%
2019 20.6% 41.1% 29.5% 67.3%
2018 21.2% 41.9% 28.7% 72.9%
2017 21.5% 41.8% 28.7% 67.1%
2016 21.4% 41.7% 27.2% 58.9%
2015 22.3% 42.6% 27.4% 52.4%
2014 22.2% 43.3% 27.7% 50.7%
2013 21.6% 42.2% 30.8% 45.6%
2012 22.3% 41.9% 28.3% 49%
2011 21.1% 39.1% 27.9% 43.3%
2010 22% 39.8% 24% 38.8%
2009 21.7% 42.4% 24.6% 40.3%
2008 19.2% 34.9% 23.7% 41.4%
2007 20% 36% 23.3% 42.7%
2006 18.7% 39.2% 22.9% 45.7%
2005 19.6% 45.5% 23% 50%
2004 19.3% 46.3% 23% 51.6%
2003 18.3% 47.5% 23.5% 52.6%
2002 25.7% 54.9% 24.1% 51.6%
2001 20.8% 57.5% 24% 52.2%
2000 19.3% 57.8% 24% 62.9%
1999 26.5% 56.6% 24% 61.9%
1998 23.9% 49.9% 24.2% 58.2%
1997 21.6% 40.5% 24.5% 66.6%
1996 18% 15.2% 26.7% 66.8%
1995 17.2% 5.12% 26.6% 65.6%
1994 16% 6.69% 25.9% 63.9%
1993 18.8% 9.14% 26.7% 63.8%
1992 17.8% 11.4% 25.7% 62.1%
1991 17% 14.1% 27.6% 63.3%
1990 16.6% 18% - -
1989 16.5% 23.7% - -
1988 15.1% 30.3% - -
1987 17.5% 38.8% - -
1986 19.5% 40.1% - -
1985 20.5% 36.8% - -
1984 19.3% 30.6% - -
1983 19.5% 28.9% - -
1982 20.2% 27.1% - -
1981 19.1% 24.4% - -
1980 18.7% 22.1% - -
1979 16.9% 23.7% - -
1978 16.6% 22.8% - -
1977 16.1% 22.4% - -
1976 15.6% 22% - -
1975 14.2% 15.8% - -
1974 13.2% 16.3% - -
1973 15.9% 21.2% - -
1972 18.5% 26.8% - -
1971 18.8% 21.5% - -
1970 17.6% 18.5% - -
1969 15.9% 17.7% - -
1968 16% 15.5% - -
1967 15.5% 15% - -
1966 14.7% 14.4% - -
1965 14.7% 14.8% - -
1964 13.3% 13.3% - -
1963 12% 12.6% - -
1962 11.9% 13.4% - -
1961 9.58% 12.9% - -
1960 12.1% 14.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/thailand/tunisia | CC BY

In 2024, Thailand's government spending was $120B, accounting for 22.7% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 63.2% in Thailand and 83.4% in Tunisia, ranking 74/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Thailand

Tunisia
1x
Year Deficit/surplus, % of GDP
Thailand Tunisia
2024 -1.29% -5.92%
2023 -1.98% -7.03%
2022 -4.61% -6.91%
2021 -6.74% -7.6%
2020 -4.47% -9.06%
2019 0.43% -3.6%
2018 0.2% -4.27%
2017 -0.42% -5.61%
2016 0.41% -5.87%
2015 0.19% -4.95%
2014 -0.7% -3.11%
2013 0.6% -7.05%
2012 -0.86% -4.9%
2011 0.09% -3.19%
2010 -1.07% -0.46%
2009 -2.21% -2.59%
2008 0.8% -0.62%
2007 0.22% -2.47%
2006 1.87% -2.33%
2005 2.17% -2.59%
2004 1.11% -2.1%
2003 1.98% -2.64%
2002 -6.72% -2.55%
2001 -1.77% -2.87%
2000 -1.79% -3.22%
1999 -9.02% -3.05%
1998 -6.29% -2.84%
1997 -1.68% -3.7%
1996 2.75% -5.18%
1995 3.05% -4.53%
1994 2.78% -2.87%
1993 6.67% -3.22%
1992 -0.18% -3.45%
1991 1.6% -5.25%
1990 1.41% -
1989 0.16% -
1988 0.58% -
1987 -2.38% -
1986 -4.32% -
1985 -5.11% -
1984 -3.85% -
1983 -4.02% -
1982 -6.18% -
1981 -4.07% -
1980 -4.41% -
1979 -3.62% -
1978 -3.31% -
1977 -2.91% -
1976 -3.35% -
1975 -1.73% -
1974 1.29% -
1973 -2.7% -
1972 -4.81% -
1971 -5.47% -
1970 -3.73% -
1969 -2.53% -
1968 -2.79% -
1967 -2.1% -
1966 -1.13% -
1965 -1.05% -
1964 -1.01% -
1963 -0.81% -
1962 -0.27% -
1961 0.05% -
1960 0.48% -
1959 -1.15% -
1958 -0.91% -
1957 -1.31% -
1956 -1.38% -
1955 -1.65% -
1954 -3.46% -
1953 -3.56% -
1952 -2.4% -
1951 -3.54% -
1950 -0.7% -
1949 0.7% -
1948 -0.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/thailand/tunisia | CC BY

In 2024, Thailand's government deficit, the difference between spending and revenue, was $6.81B, equivalent to 1.29% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Thailand recorded a fiscal deficit in 17 of those years, while Tunisia ran a deficit in 34 years. On average, Thailand posted an annual deficit equal to 0.73% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Thailand

Tunisia
1x
Year Consumer prices inflation
Thailand Tunisia
2024 1.37% 7%
2023 8.48% 9.3%
2022 -1.61% 8.3%
2021 1.23% 5.7%
2020 -0.85% 5.6%
2019 0.71% 6.7%
2018 1.06% 7.3%
2017 0.67% 5.3%
2016 0.19% 3.6%
2015 -0.9% 4.4%
2014 1.9% 4.6%
2013 2.18% 5.3%
2012 3.01% 4.6%
2011 3.81% 3.2%
2010 3.25% 4.4%
2009 -0.85% 3.5%
2008 5.47% 4.9%
2007 2.24% 3.4%
2006 4.64% 4.1%
2005 4.54% 2%
2004 2.76% 3.7%
2003 1.8% 2.7%
2002 0.7% 2.7%
2001 1.63% 1.9%
2000 1.59% 2.8%
1999 0.28% 2.8%
1998 7.99% 3.1%
1997 5.63% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/thailand/tunisia | CC BY

Over the past 28 years, Thailand has recorded an average annual inflation rate of 2.25%, compared with 4.52% in Tunisia. In 2024, inflation was 1.37% in Thailand and 7% in Tunisia.

Top exports between countries

Thailand
Export category Export value
Machinery & equipment $55.9M
Raw agricultural goods $14.4M
Textiles & consumer goods $6.43M
Chemicals & pharma $3.96M
Metals $3.77M
Raw materials & minerals $2.58M
Processed food, beverages & tobacco $752K
Miscellaneous $118K
Precious metals & jewellery $57K
Wood & paper products $39K
Tunisia
Export category Export value
Machinery & equipment $8.59M
Metals $1.28M
Animal & marine products $1.01M
Processed food, beverages & tobacco $900K
Chemicals & pharma $190K
Textiles & consumer goods $152K
Raw agricultural goods $116K
Raw materials & minerals $46K

Balance of trade

Thailand Tunisia
Current account balance
$11.6B
2024
-$775M
2024
Current account balance ranking
23/190
2024
117/190
2024
Current account balance, % of GDP
+2.21%
2024
-1.51%
2024
Goods imports
$276B
2024
$18.7B
2024
Goods exports
$297B
2024
$8.95B
2024
Service imports
$74B
2024
$3.92B
2024
Service exports
$71.9B
2024
$11.2B
2024
Imports of goods and services, % of GDP
66.7%
2024
56.3%
2024
Exports of goods and services, % of GDP
70%
2024
50%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Thailand Tunisia
Economic freedom 62.2 48.1
Economic freedom ranking 88/197 172/197
Property rights 41.8 55.7
Government integrity 38.9 42.1
Judicial effectiveness 35 39.7
Tax burden 80.8 68.5
Government spending 83.6 62.5
Fiscal health 81 16
Business freedom 69.9 59.4
Labor freedom 56.4 55.8
Monetary freedom 73.3 72.4
Trade freedom 70.2 54.6
Investment freedom 55 20
Financial freedom 60 30

Economic freedom comparison by year

Thailand
Tunisia
1x
Year Economic freedom index
Thailand Tunisia
2026 62.2 48.1
2025 60.6 49.1
2024 59 48.8
2023 60.6 52.9
2022 63.2 54.2
2021 69.7 56.6
2020 69.4 55.8
2019 68.3 55.4
2018 67.1 58.9
2017 66.2 55.7
2016 63.9 57.6
2015 62.4 57.7
2014 63.3 57.3
2013 64.1 57
2012 64.9 58.6
2011 64.7 58.5
2010 64.1 58.9
2009 63 58
2008 62.3 60.1
2007 63.5 60.3
2006 63.3 57.5
2005 62.5 55.4
2004 63.7 58.4
2003 65.8 58.1
2002 69.1 60.2
2001 68.9 60.8
2000 66.6 61.3
1999 66.9 61.1
1998 67.3 63.9
1997 66.1 63.8
1996 71 63.9
1995 71.3 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/thailand/tunisia | CC BY

The Economic Freedom Index for Thailand is 62.2, ranking 88/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Thailand Tunisia
Services, % of GDP
59.2%
2024
62.6%
2024
Industry, % of GDP
32.1%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.71%
2024
9.74%
2024
GNI, Atlas method
$509B
2024
$47.7B
2024
GNI per capita, PPP
$23,960
2024
$14,230
2024
Total reserves including gold
$237B
2024
$9.34B
2024
Total reserves ranking
15/177
2024
80/177
2024
Net foreign direct investment
-$6.95B
2024
-$725M
2024
Net inflows of foreign direct investment
$14.3B
2024
$760M
2024
Net outflows of foreign direct investment
$7.36B
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
3.52%
2024
10.9%
2024
Poverty at national poverty lines
5.4%
2022
16.6%
2021
Gross capital formation, % of GDP
21.6%
2024
7.86%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/thailand/tunisia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.