Skip to content

Economy of Thailand vs Yemen compared: GDP & Debt

Updated on by Georank team

Thailand has a GDP of $527B compared to $21.6B for Yemen, ranking 31/197 and 125/197 by economy size, respectively.

Thailand has $333B in government debt (63.2% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Thailand vs Yemen GDP by year

Thailand
Yemen
1x
Year GDP, current $
Thailand Yemen
2024 $526,517,658,842 -
2023 $515,906,283,941 -
2022 $495,644,697,588 -
2021 $506,194,668,790 -
2020 $500,461,898,480 -
2019 $543,976,691,794 -
2018 $506,754,208,404 $21,606,160,663
2017 $456,356,813,537 $26,842,229,045
2016 $413,366,349,748 $31,317,825,274
2015 $401,296,238,228 $42,444,490,074
2014 $407,339,040,198 $43,228,585,321
2013 $420,333,654,593 $40,415,233,436
2012 $397,558,325,279 $35,401,331,610
2011 $370,818,739,624 $32,726,417,878
2010 $341,104,766,329 $30,906,749,533
2009 $281,710,630,187 $25,130,278,213
2008 $291,382,982,431 $26,910,855,807
2007 $262,942,621,455 $21,650,528,674
2006 $221,758,296,022 $19,063,143,370
2005 $189,318,408,469 $16,731,566,717
2004 $172,895,685,155 $13,867,634,371
2003 $152,280,615,246 $11,777,532,662
2002 $134,300,904,400 $10,693,430,511
2001 $120,296,476,180 $9,852,990,693
2000 $126,392,224,254 $9,679,316,770
1999 $126,669,211,779 $7,639,325,296
1998 $113,675,596,788 $6,322,175,566
1997 $150,180,456,566 $6,838,298,531
1996 $183,035,237,429 $6,496,163,616
1995 $169,278,916,593 $12,796,345,679
1994 $146,683,778,959 $28,019,483,764
1993 $128,889,262,951 $21,736,802,664
1992 $111,452,746,518 $17,959,367,194
1991 $98,234,714,971 $14,665,445,462
1990 $85,343,190,719 $12,643,821,569
1989 $72,250,748,100 -
1988 $61,667,253,471 -
1987 $50,535,446,555 -
1986 $43,096,773,981 -
1985 $38,900,711,333 -
1984 $41,797,647,776 -
1983 $40,042,798,388 -
1982 $36,589,772,404 -
1981 $34,846,039,194 -
1980 $32,353,514,989 -
1979 $27,371,650,825 -
1978 $24,006,566,637 -
1977 $19,779,312,261 -
1976 $16,985,208,648 -
1975 $14,882,770,594 -
1974 $13,702,998,512 -
1973 $10,838,587,358 -
1972 $8,177,873,151 -
1971 $7,375,000,024 -
1970 $7,086,538,438 -
1969 $6,695,336,567 -
1968 $6,081,009,428 -
1967 $5,638,461,442 -
1966 $5,279,230,817 -
1965 $4,388,937,649 -
1964 $3,889,129,942 -
1963 $3,540,403,457 -
1962 $3,308,912,797 -
1961 $3,034,037,811 -
1960 $2,760,750,861 -

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

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

GDP per capita in Thailand vs Yemen by year

Thailand
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Thailand Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,347 $24,712 - -
2023 $7,195 $23,519 - -
2022 $6,909 $22,243 - -
2021 $7,057 $20,243 - -
2020 $6,986 $19,164 - -
2019 $7,606 $19,963 - -
2018 $7,100 $18,876 $634 -
2017 $6,413 $17,573 $811 -
2016 $5,834 $16,671 $975 -
2015 $5,689 $15,791 $1,362 -
2014 $5,801 $15,365 $1,430 -
2013 $6,018 $15,216 $1,379 $3,164
2012 $5,726 $14,617 $1,245 $3,005
2011 $5,374 $13,227 $1,186 $3,113
2010 $4,974 $12,932 $1,155 $3,603
2009 $4,135 $11,964 $969 $3,411
2008 $4,309 $12,062 $1,072 $3,370
2007 $3,919 $11,723 $890 $3,294
2006 $3,331 $10,912 $810 $3,205
2005 $2,868 $10,169 $734 $3,113
2004 $2,642 $9,545 $628 $2,949
2003 $2,348 $8,824 $549 $2,844
2002 $2,090 $8,148 $513 $2,768
2001 $1,890 $7,632 $487 $2,702
2000 $2,006 $7,289 $493 $2,624
1999 $2,033 $6,901 $401 $2,492
1998 $1,848 $6,590 $343 $2,442
1997 $2,473 $7,148 $383 $2,351
1996 $3,055 $7,322 $375 $2,268
1995 $2,864 $6,901 $764 $2,201
1994 $2,518 $6,341 $1,735 $2,115
1993 $2,245 $5,834 $1,397 $2,013
1992 $1,972 $5,347 $1,198 $1,963
1991 $1,766 $4,914 $1,016 $1,843
1990 $1,559 $4,451 $910 $1,742
1989 $1,342 - - -
1988 $1,164 - - -
1987 $970 - - -
1986 $842 - - -
1985 $774 - - -
1984 $847 - - -
1983 $827 - - -
1982 $770 - - -
1981 $748 - - -
1980 $709 - - -
1979 $612 - - -
1978 $548 - - -
1977 $462 - - -
1976 $405 - - -
1975 $364 - - -
1974 $343 - - -
1973 $278.3 - - -
1972 $215.6 - - -
1971 $199.7 - - -
1970 $197.1 - - -
1969 $191.4 - - -
1968 $178.8 - - -
1967 $170.7 - - -
1966 $164.5 - - -
1965 $140.9 - - -
1964 $128.6 - - -
1963 $120.7 - - -
1962 $116.2 - - -
1961 $109.7 - - -
1960 $102.8 - - -

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

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

Thailand's GDP per capita is $7,347, ranking 100/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Thailand ranks 85th at $24,712, while Yemen ranks 178th at $3,164.

Economic indicators

Thailand Yemen
Gross domestic product
$527B
2024
$21.6B
2018
GDP rank
31/197
2024
125/197
2018
GDP growth
2.54%
2023-2024
0.75%
2017-2018
GDP per capita
$7,347
2024
$634
2018
GDP per capita rank
100/197
2024
191/197
2018
GDP per capita, PPP
$24,712
2024
$3,164
2013
GDP per capita PPP rank
85/197
2024
178/197
2013
Government debt
$333B
2024
$18.8B
2018
Debt-to-GDP ratio
63.2%
2024
70.9%
2024
Government debt per person
$4,643
2024
$551
2018
Government debt per person rank
84/185
2024
165/185
2018
Average annual personal income after taxes
$6,733
2026
$1,127
2026
Market capitalization of domestic companies
$520B
2024
n/a
Number of millionaires
100,001
2025
n/a
Number of billionaires
25
2025
n/a
Income share by richest 10%
26.1%
2023
29.4%
2014
Income share by poorest 10%
3.4%
2023
3%
2014
Government expenditure, % of GDP
22.7%
2024
8.91%
2024
Consumer prices inflation
1.37%
2023-2024
33.9%
2023-2024
Central bank interest rate
1.5%
2025
n/a
Unemployment rate
0.78%
2024
13.5%
2014
Population
71571743
43325643

Spending and national debt comparison by year

Thailand
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Thailand Yemen
Government spending Government debt Government spending Government debt
2024 22.7% 63.2% 8.91% 70.9%
2023 22.8% 62.3% 11.8% 77.9%
2022 24.7% 60.5% 12.2% 65.3%
2021 26.8% 58.3% 8.22% 75.9%
2020 24.9% 49.4% 10.6% 87%
2019 20.6% 41.1% 13.2% 91.5%
2018 21.2% 41.9% 14.3% 86.9%
2017 21.5% 41.8% 8.39% 83.8%
2016 21.4% 41.7% 16.1% 76.5%
2015 22.3% 42.6% 19.4% 57.7%
2014 22.2% 43.3% 27.8% 48.9%
2013 21.6% 42.2% 30.8% 48.4%
2012 22.3% 41.9% 36.2% 47.6%
2011 21.1% 39.1% 29.8% 45.7%
2010 22% 39.8% 30.2% 42.4%
2009 21.7% 42.4% 35.2% 49.8%
2008 19.2% 34.9% 41.2% 36.4%
2007 20% 36% 40.3% 40.4%
2006 18.7% 39.2% 37.4% 40.8%
2005 19.6% 45.5% 36.8% 43.8%
2004 19.3% 46.3% 34.2% 52.1%
2003 18.3% 47.5% 35.3% 56.8%
2002 25.7% 54.9% 30.8% 57.8%
2001 20.8% 57.5% 30.5% 60.6%
2000 19.3% 57.8% 31.7% 60.8%
1999 26.5% 56.6% 28.2% 96.1%
1998 23.9% 49.9% 34.3% 110.6%
1997 21.6% 40.5% 34.2% 74.2%
1996 18% 15.2% 30.7% 114.9%
1995 17.2% 5.12% 24.1% 84.1%
1994 16% 6.69% 25.2% 73.3%
1993 18.8% 9.14% 25.8% 76.7%
1992 17.8% 11.4% 24.6% 78%
1991 17% 14.1% 24.7% 82.7%
1990 16.6% 18% 26.6% 91.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Thailand's government spending was $120B, accounting for 22.7% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 63.2% in Thailand and 70.9% in Yemen, ranking 74/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Thailand

Yemen
1x
Year Deficit/surplus, % of GDP
Thailand Yemen
2024 -1.29% -2.48%
2023 -1.98% -5.63%
2022 -4.61% -2.15%
2021 -6.74% -0.89%
2020 -4.47% -4.3%
2019 0.43% -5.89%
2018 0.2% -7.85%
2017 -0.42% -4.9%
2016 0.41% -8.51%
2015 0.19% -8.75%
2014 -0.7% -4.14%
2013 0.6% -6.9%
2012 -0.86% -6.32%
2011 0.09% -4.51%
2010 -1.07% -4.06%
2009 -2.21% -10.2%
2008 0.8% -4.53%
2007 0.22% -7.18%
2006 1.87% 1.19%
2005 2.17% -1.82%
2004 1.11% -2.15%
2003 1.98% -4.2%
2002 -6.72% -0.56%
2001 -1.77% 2.79%
2000 -1.79% 6.09%
1999 -9.02% 0.06%
1998 -6.29% -7.77%
1997 -1.68% -1.5%
1996 2.75% -0.92%
1995 3.05% -5.74%
1994 2.78% -14%
1993 6.67% -12.8%
1992 -0.18% -10.9%
1991 1.6% -5.76%
1990 1.41% -10.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

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

In 2018, Thailand's government surplus, the difference between spending and revenue, was $1.03B, equivalent to 0.2% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Thailand recorded a fiscal deficit in 12 of those years, while Yemen ran a deficit in 25 years. On average, Thailand posted an annual deficit equal to 0.17% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Thailand

Yemen
1x
Year Consumer prices inflation
Thailand Yemen
2024 1.37% 33.9%
2023 8.48% 0.9%
2022 -1.61% 29.5%
2021 1.23% 31.5%
2020 -0.85% 21.7%
2019 0.71% 15.7%
2018 1.06% 33.6%
2017 0.67% 30.4%
2016 0.19% 21.3%
2015 -0.9% 22%
2014 1.9% 8.2%
2013 2.18% 11%
2012 3.01% 9.9%
2011 3.81% 19.5%
2010 3.25% 11.2%
2009 -0.85% 3.7%
2008 5.47% 19%
2007 2.24% 7.9%
2006 4.64% 10.8%
2005 4.54% 9.9%
2004 2.76% 12.5%
2003 1.8% 10.8%
2002 0.7% 12.2%
2001 1.63% 11.9%
2000 1.59% 11%
1999 0.28% 7.9%
1998 7.99% 11.5%
1997 5.63% 4.6%

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/yemen | CC BY

Over the past 28 years, Thailand has recorded an average annual inflation rate of 2.25%, compared with 15.5% in Yemen. In 2024, inflation was 1.37% in Thailand and 33.9% in Yemen.

Top exports between countries

Thailand
Export category Export value
Raw agricultural goods $106M
Machinery & equipment $79.1M
Processed food, beverages & tobacco $34M
Chemicals & pharma $8.89M
Raw materials & minerals $7.02M
Textiles & consumer goods $3.32M
Wood & paper products $1.16M
Metals $1.05M
Precious metals & jewellery $168K
Miscellaneous $12K
Yemen
Export category Export value
Machinery & equipment $6.95M
Animal & marine products $502K
Processed food, beverages & tobacco $120K
Raw agricultural goods $22K

Balance of trade

Thailand Yemen
Current account balance
$11.6B
2024
-$2.42B
2016
Current account balance ranking
23/190
2024
148/190
2016
Current account balance, % of GDP
+2.21%
2024
-7.72%
2016
Goods imports
$276B
2024
$6.8B
2016
Goods exports
$297B
2024
$473M
2016
Service imports
$74B
2024
$1.46B
2016
Service exports
$71.9B
2024
$466M
2016
Imports of goods and services, % of GDP
66.7%
2024
47.3%
2018
Exports of goods and services, % of GDP
70%
2024
8.76%
2018

Economic freedom indices

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

Thailand Yemen
Economic freedom 62.2 53.7
Economic freedom ranking 88/197 138/197
Property rights 41.8 3.5
Government integrity 38.9 6.2
Judicial effectiveness 35 9.9
Tax burden 80.8 93.7
Government spending 83.6 0
Fiscal health 81 71.2
Business freedom 69.9 31.3
Labor freedom 56.4 31.2
Monetary freedom 73.3 48.1
Trade freedom 70.2 67.4
Investment freedom 55 50
Financial freedom 60 30

Economic freedom comparison by year

Thailand
Yemen
1x
Year Economic freedom index
Thailand Yemen
2026 62.2 -
2025 60.6 -
2024 59 -
2023 60.6 -
2022 63.2 -
2021 69.7 -
2020 69.4 -
2019 68.3 -
2018 67.1 -
2017 66.2 -
2016 63.9 -
2015 62.4 53.7
2014 63.3 55.5
2013 64.1 55.9
2012 64.9 55.3
2011 64.7 54.2
2010 64.1 54.4
2009 63 56.9
2008 62.3 53.8
2007 63.5 54.1
2006 63.3 52.6
2005 62.5 53.8
2004 63.7 50.5
2003 65.8 50.3
2002 69.1 48.6
2001 68.9 44.3
2000 66.6 44.5
1999 66.9 43.3
1998 67.3 46.1
1997 66.1 48.4
1996 71 49.6
1995 71.3 49.8

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

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

The Economic Freedom Index for Thailand is 62.2, ranking 88/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Thailand Yemen
Services, % of GDP
59.2%
2024
41.8%
2018
Industry, % of GDP
32.1%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
8.71%
2024
28.7%
2018
GNI, Atlas method
$509B
2024
$25.3B
2018
GNI per capita, PPP
$23,960
2024
$3,020
2013
Total reserves including gold
$237B
2024
$1.25B
2022
Total reserves ranking
15/177
2024
139/177
2022
Net foreign direct investment
-$6.95B
2024
$15.4M
2015
Net inflows of foreign direct investment
$14.3B
2024
-$371M
2019
Net outflows of foreign direct investment
$7.36B
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.52%
2024
0.53%
2018
Poverty at national poverty lines
5.4%
2022
48.6%
2014
Gross capital formation, % of GDP
21.6%
2024
6.18%
2018

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/yemen | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1998, 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 (2015–2024, 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.