Fastest Growing Industries in Thailand: Revenue 2015 to 2025
In short
Agriculture grew its reported revenue fastest of any Thai industry over the decade, up 122.6 percent from 2015 to 2025. Human health and social work followed at 112.8 percent, more than doubling. Wholesale and retail trade added 96.5 percent on a far larger base. Information and communication was the only major sector to shrink, down 23.2 percent. Figures are reported revenue as of 2 July 2026.
Which industries grew revenue fastest?
Ranked by ten-year revenue growth, agriculture led every other Thai industry at 122.6 percent (DBD, 2026). Human health and social work came second at 112.8 percent, lifting its reported revenue from 212.7 billion baht to 452.7 billion. Wholesale and retail trade, already the largest sector in the economy, still grew 96.5 percent from a base above 13 trillion baht. Accommodation and food service, the closest proxy for tourism, rose 88.8 percent as visitors came back. At the other end sat information and communication, the one major sector that ended the decade smaller than it began, down 23.2 percent.
Ten-year revenue growth by industry section
- Agriculture123
- Human health and social work113
- Wholesale and retail trade97
- Accommodation and food service89
- Administrative and support62
- Transportation and storage56
- Mining and quarrying43
- Electricity and gas36
- Manufacturing22
- Professional, scientific and technical22
- Real estate3
- Information and communication-23
Figures in percent change 2015 to 2025.
Agriculture and health led the decade. Information and communication was the only major sector to finish smaller than it started.
Reported revenue by sector, 2015 versus 2025
| Industry section | 2015 revenue, THB bn | 2025 revenue, THB bn | 10-year change |
|---|---|---|---|
| Agriculture | 161 | 358 | +122.6% |
| Human health and social work | 213 | 453 | +112.8% |
| Wholesale and retail trade | 13,742 | 27,004 | +96.5% |
| Accommodation and food service | 395 | 745 | +88.8% |
| Administrative and support | 551 | 895 | +62.4% |
| Transportation and storage | 1,007 | 1,571 | +56.1% |
| Mining and quarrying | 281 | 400 | +42.5% |
| Electricity and gas | 453 | 615 | +35.5% |
| Manufacturing | 16,462 | 20,148 | +22.4% |
| Professional, scientific and technical | 653 | 796 | +21.9% |
| Real estate | 978 | 1,010 | +3.3% |
| Information and communication | 845 | 649 | -23.2% |
Reported sector revenue in 2015 and 2025 with the ten-year change, as of 2 Jul 2026. Revenue is in billions of baht.
Why this matters
The decade reordered which sectors carry Thai growth. Two forces show up in the fastest risers. Health rode an aging population, with the national planning agency projecting that older adults will approach 30 percent of Thais by 2037 (NESDC, 2024). Agriculture pulled ahead on stronger export demand and higher farm prices, even though it stayed small in absolute size at 357.7 billion baht. Tourism-linked accommodation nearly doubled to 745.3 billion baht after a pandemic that erased more than a year of travel. The information and communication decline needs a careful read. Reported revenue for companies filing in that section fell 23.2 percent, and that partly reflects where large telecom groups book their revenue rather than falling demand for connectivity. Read every figure here as reported revenue for companies filing in each statement year, not as the full market size of each sector.
Definitions
- Reported revenue
- The total revenue reported in the financial statements filed by companies in a given industry section for a given statement year. It is not the full market size, because only companies that filed a statement are counted.
- Statement year
- The financial year that a filed statement covers. The 2015 and 2025 columns reflect filings for those statement years.
- Industry section
- A top-level grouping in the Thailand Standard Industrial Classification, such as agriculture, manufacturing, or human health and social work.
- Nominal value
- A baht figure that has not been adjusted for inflation, so part of any increase reflects rising prices rather than higher real activity.
Assumptions
- Only companies that filed a financial statement for the statement year contribute to a section total.
- Values are nominal, so a share of the ten-year change reflects inflation rather than real growth.
- The information and communication figure is treated as reported revenue for filing companies, which can shift when large telecom groups change where revenue is booked.
- Section totals can be affected by a small number of very large firms, so a section can move without every company in it moving the same way.
Methodology
Figures are aggregate reported revenue for companies that filed a financial statement in the given statement year, drawn from the Department of Business Development registry as of 2 July 2026. Sectors follow TSIC industry sections. The 2015 column reflects filings for statement year 2015 and the 2025 column reflects statement year 2025. Percent change is computed directly on those two reported totals. Values are nominal and not adjusted for inflation. When a large firm changes how or where it books revenue, a section total can move for reasons other than underlying demand, which is flagged for information and communication.
How we verified this
- Recomputed agriculture growth: (357.7 - 160.7) / 160.7 = 1.226, which is +122.6 percent, matching the brief.
- Recomputed human health growth: (452.7 - 212.7) / 212.7 = 1.128, which is +112.8 percent, matching the brief.
- Recomputed information and communication change: (648.6 - 844.8) / 844.8 = -0.232, confirming a negative sign at -23.2 percent.
- Sorted all twelve sections by percent change and confirmed agriculture ranks first and information and communication ranks last.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- Office of the National Economic and Social Development Council. (2024). Population projections for Thailand, 2010 to 2040. NESDC, Bangkok, Thailand. https://www.nesdc.go.th/
Frequently asked questions
Which industry grew fastest in Thailand over the last decade?
Agriculture, with reported revenue up 122.6 percent from 160.7 billion baht in 2015 to 357.7 billion baht in 2025.
Did any major industry shrink?
Yes. Information and communication was the only major sector to end the decade smaller, with reported revenue down 23.2 percent from 844.8 billion baht to 648.6 billion baht.
How much did health and tourism grow?
Human health and social work grew 112.8 percent, more than doubling to 452.7 billion baht. Accommodation and food service, the tourism proxy, grew 88.8 percent to 745.3 billion baht.
Cite this page
Chatpong L. (2026). Fastest Growing Industries in Thailand: Revenue 2015 to 2025. Max Data Insights. https://maxdatathailand.com/insights/fastest-growing-industries-in-thailand-2015-to-2025
Data & corrections
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Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
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This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.