https://maxdatathailand.com/insights Daily statistics on Thailand's registered companies. https://maxdatathailand.com/insights/which-thai-industry-codes-shrank-the-most-by-company-count-2015-2025/https://maxdatathailand.com/insights/which-thai-industry-codes-shrank-the-most-by-company-count-2015-2025/Mon, 20 Jul 2026 08:00:00 GMTTSIC 60101 lost 1,065 filing companies between 2015 and 2025, the steepest company count decline of any 5-digit Thai industry code with matched data. The count fell from 2,797 to 1,732 over the decade. TSIC 92001 lost fewer filers in raw terms, 754, but fell a sharper 66.37 percent. Thailand's whole filing base still grew 49.05 percent over the same years. Of 938 codes with data in both 2015 and 2025, only 140 shrank at all. This page is the mirror image of the site's fastest-growing industry codes ranking, which covers the same decade from the opposite direction. https://maxdatathailand.com/insights/thailands-most-and-least-micro-heavy-industry-sections-2026/https://maxdatathailand.com/insights/thailands-most-and-least-micro-heavy-industry-sections-2026/Mon, 20 Jul 2026 08:00:00 GMTPublic administration is Thailand's most micro-heavy industry section, with 86.8 percent of its companies classified as micro by DBD's size bands, as of 17 Jul 2026. The section counts only 38 registered companies. Mining and quarrying follows close behind at 85.3 percent micro. Real estate, agriculture and education all clear 81 percent. Human health and social work sits at the opposite end, just 60.7 percent micro, the lowest share among the 19 sections large enough to trust. The gap between the two extremes runs 26.1 percentage points. https://maxdatathailand.com/insights/thailands-median-company-founding-year-2026/https://maxdatathailand.com/insights/thailands-median-company-founding-year-2026/Mon, 20 Jul 2026 08:00:00 GMTThe median founding year for a Thai company is 2019, as of 17 July 2026. Of the 1,561,866 companies with a known founding year, exactly half were incorporated in 2019 or earlier. The halfway mark falls at company number 780,933. Companies founded in 2019 or later make up 55.5 percent of that total. The register's typical company is not yet seven years old. https://maxdatathailand.com/insights/thailands-14-year-company-formation-growth-streak-2007-2025/https://maxdatathailand.com/insights/thailands-14-year-company-formation-growth-streak-2007-2025/Mon, 20 Jul 2026 08:00:00 GMTNew company formation in Thailand rose every single year from 2008 through 2021, a 14 year unbroken climb. It peaked in 2021 at 151,205 new firms. That is up from just 30,227 in 2007. The streak then snapped: registrations fell 20.69 percent in 2022 and kept falling in 2023, the first back to back decline of the period. Formation has since recovered for two straight years but as of 2025 still sits 14.94 percent below the 2021 peak. https://maxdatathailand.com/insights/thai-industry-sections-capital-intensity-trend-2007-2025/https://maxdatathailand.com/insights/thai-industry-sections-capital-intensity-trend-2007-2025/Mon, 20 Jul 2026 08:00:00 GMTEducation's asset-to-revenue ratio rocketed from 2.5x to 20.8x between 2007 and 2025, the steepest capital intensity climb of any Thai industry section. Financial and insurance climbed too, from 8.0x to 15.8x. That pace still trails education by more than four times over. Professional, scientific and technical services and administrative and support both roughly doubled their ratios over the same 18 years. Four sections became less asset heavy instead. Arts and entertainment led that group, falling from 3.3x to 2.1x. https://maxdatathailand.com/insights/thai-industry-codes-with-the-deepest-net-losses-2026/https://maxdatathailand.com/insights/thai-industry-codes-with-the-deepest-net-losses-2026/Mon, 20 Jul 2026 08:00:00 GMT353 of Thailand's 1,228 five-digit industry codes report a negative net margin overall, 28.7 percent, as of 17 July 2026. Only 55 of those losses run deeper than negative 50 percent, so most of the red ink is shallow, not catastrophic. The steepest loss among large-revenue codes sits in agriculture, code 03224, at negative 111.4 percent on 230 million baht of revenue. Among the ten deepest-margin large-revenue codes, the biggest dollar loss sits in an information and communication code, where reporting companies lost a combined 6.58 billion baht. https://maxdatathailand.com/insights/same-company-count-different-fortunes-thai-provinces-2026/https://maxdatathailand.com/insights/same-company-count-different-fortunes-thai-provinces-2026/Mon, 20 Jul 2026 08:00:00 GMTNo, and Rayong and Nakhon Ratchasima prove it. Nakhon Ratchasima registers 33,958 companies as of 17 July 2026, just 875 more than Rayong's 33,083. Rayong's companies still report 3.20 trillion baht in total revenue against Nakhon Ratchasima's 534.50 billion baht, a gap of about 5.99 times. Rayong ranks fourth nationally for revenue while sitting tenth for company count. Nakhon Ratchasima ranks ninth for company count but only fourteenth for revenue. Headcount and output are two different economies. https://maxdatathailand.com/insights/same-company-count-different-fortunes-thai-industry-codes-2026/https://maxdatathailand.com/insights/same-company-count-different-fortunes-thai-industry-codes-2026/Mon, 20 Jul 2026 08:00:00 GMTTwo Thai TSIC industry codes each carry exactly 1,392 registered companies, yet their total revenue differs by 616 times. TSIC 61101 reported 93.10 billion baht in total revenue as of 17 July 2026. TSIC 63120, with the identical company count, reported just 151.03 million baht. Only 40.7 percent of companies under 61101 are still active, against 5.7 percent under 63120. Company count alone tells you almost nothing about a sector's economic weight. https://maxdatathailand.com/insights/profit-concentration-among-5-digit-thai-industry-codes-2026/https://maxdatathailand.com/insights/profit-concentration-among-5-digit-thai-industry-codes-2026/Mon, 20 Jul 2026 08:00:00 GMTEighteen. That is how many of Thailand's 1,207 five digit industry codes it takes to generate half of the country's net corporate profit, as of 17 July 2026. Those 18 codes report 50.79 percent of the 3.29 trillion baht in total net profit, while holding just 5.96 percent of companies registered under a profit reporting code. One code alone, sitting in the financial and insurance section, earns 10.35 percent of all profit by itself. The winning codes span nine different industry sections, not one dominant trade, a wider spread than the revenue and asset concentration already published on this site. https://maxdatathailand.com/insights/do-thai-industries-with-more-large-companies-survive-longer-2026/https://maxdatathailand.com/insights/do-thai-industries-with-more-large-companies-survive-longer-2026/Mon, 20 Jul 2026 08:00:00 GMTThe correlation is 0.05, essentially zero, between how large-company heavy a Thai industry code is and how well its companies survive, as of 17 July 2026. The analysis covers 745 Thai industry codes with at least 100 registered companies each. Split those codes into four quartiles by large-company share and the weighted survival rate rises from 44.70 percent in the lowest quartile to 53.85 percent in the highest. That gap is 9.15 points. Among the 20 codes most packed with large companies, survival still swings from 24.66 percent to 80.10 percent. A heavy large-company mix does not reliably buy durability. https://maxdatathailand.com/insights/which-thai-industry-codes-lost-the-most-revenue-2015-2025/https://maxdatathailand.com/insights/which-thai-industry-codes-lost-the-most-revenue-2015-2025/Sat, 18 Jul 2026 08:00:00 GMTTSIC code 61209 lost 98.4 percent of its revenue between 2015 and 2025, the steepest drop of any Thai industry code with a meaningful base. Revenue fell from 65.31 billion baht to 1.01 billion baht in a decade. Three more codes lost more than 95 percent of their revenue over the same years. Section J, the code's parent industry, still grew 11.8 percent overall. Strip this one code out and the rest of section J grew 20.9 percent instead. A handful of shrinking codes can drag down an entire sector's growth rate even while the whole economy keeps expanding. https://maxdatathailand.com/insights/which-thai-industries-keep-the-most-companies-active-2026/https://maxdatathailand.com/insights/which-thai-industries-keep-the-most-companies-active-2026/Sat, 18 Jul 2026 08:00:00 GMTHuman health and social work keeps 73.89 percent of its registered companies active today, the highest current status share of any industry section as of 17 July 2026. Real estate and water and waste follow at roughly 62 percent each. Households as employers sits at the very bottom with only 9.38 percent active, though that section holds just 32 companies in total. Among sections with real scale, mining and quarrying is the weakest, with only 30.86 percent of its 8,231 companies still active. Nationally, exactly half of the 1,986,709 classified companies carry an active status. https://maxdatathailand.com/insights/thailands-special-economic-zone-provinces-2026/https://maxdatathailand.com/insights/thailands-special-economic-zone-provinces-2026/Sat, 18 Jul 2026 08:00:00 GMTSongkhla anchors Thailand's ten Special Economic Zone border provinces with 28,543 registered companies, as of 17 July 2026. Trat has just 3,331, the smallest of the group. That is an 8.57 times gap between provinces holding the same SEZ status. Together the ten provinces hold 89,654 companies, only 4.51 percent of Thailand's 1,989,709 registered firms. Their combined revenue of 1.53 trillion baht is a thinner 1.91 percent of the national total, proof that a shared policy label did not produce shared results. https://maxdatathailand.com/insights/thailands-rarest-registered-company-types-2026/https://maxdatathailand.com/insights/thailands-rarest-registered-company-types-2026/Sat, 18 Jul 2026 08:00:00 GMTThirty two companies in Thailand are classified as households employing domestic staff, and only 4 as extraterritorial organizations, the two smallest of the registry's 21 industry sections as of 17 July 2026. Together they make up just 0.0018 percent of the 1,989,709 companies on the books. Households run an unusually strong 13.67 percent net margin. Extraterritorial organizations post a net loss equal to 10.0 percent of revenue. The next smallest section, public administration, still counts only 38 companies before the numbers jump into the thousands. https://maxdatathailand.com/insights/thailands-equity-growth-vs-revenue-growth-2007-2025/https://maxdatathailand.com/insights/thailands-equity-growth-vs-revenue-growth-2007-2025/Sat, 18 Jul 2026 08:00:00 GMT4.53. That is how many times total reported equity in Thailand's company register multiplied between 2007 and 2025, rising from 8.48 trillion baht to 38.41 trillion baht. Revenue grew far more slowly over the same 18 statement years, up 2.83 times, from 23.99 trillion baht to 67.95 trillion baht. Equity now equals 56.5 percent of yearly revenue across the registry, up from 35.3 percent in 2007. Thai companies are building up their capital base faster than they are growing sales, a pattern distinct from simple business expansion. https://maxdatathailand.com/insights/thailands-asset-turnover-ratio-trend-2007-2025/https://maxdatathailand.com/insights/thailands-asset-turnover-ratio-trend-2007-2025/Sat, 18 Jul 2026 08:00:00 GMTThailand's corporate asset turnover ratio has fallen over eighteen years, despite several rebound years along the way. Companies generated 83.3 baht of revenue per 100 baht of assets in 2007. That figure sank to 65.4 baht by 2025. The gap amounts to a 17.9 percentage point decline. Total corporate assets grew about 3.6 times over the period. Revenue grew far more slowly, roughly 2.8 times. The ratio hit its lowest point in 2020, at 52.8. Thai firms are simply carrying more balance sheet weight for every baht of sales than they did two decades ago. https://maxdatathailand.com/insights/thailands-all-micro-industry-codes-2026/https://maxdatathailand.com/insights/thailands-all-micro-industry-codes-2026/Sat, 18 Jul 2026 08:00:00 GMT120 of Thailand's 1,228 five digit TSIC industry codes have never produced a single small, medium or large company, as of 17 July 2026. That is 9.8 percent of every industry code in the registry. Together those 120 codes hold just 506 companies, 0.03 percent of the 1,986,709 Thai firms with a recorded size band. The biggest of them, TSIC 92009 in the arts and entertainment section, counts only 54 companies and one still active. Codes stuck at all micro also survive worse, 24.5 percent active against 50.0 percent nationally. https://maxdatathailand.com/insights/thai-industry-codes-where-one-firm-takes-nearly-all-the-revenue-2026/https://maxdatathailand.com/insights/thai-industry-codes-where-one-firm-takes-nearly-all-the-revenue-2026/Sat, 18 Jul 2026 08:00:00 GMTTSIC code 10411 carries 28 registered companies, and one of them, T S Oil Industry Company Limited, reports 99.99 percent of the code's total revenue, as of 17 July 2026. Only 3 of those 28 companies filed a financial statement, and just 4 remain active. This is not a one-off. Among 225 Thai industry codes carrying 20 to 99 registered companies each, 7 show one firm holding at least 95 percent of the code's revenue, and 2 clear 99 percent outright. A registry that lists two dozen names in a code can still be a market of one. https://maxdatathailand.com/insights/thai-industries-with-the-thinnest-equity-cushion-2026/https://maxdatathailand.com/insights/thai-industries-with-the-thinnest-equity-cushion-2026/Sat, 18 Jul 2026 08:00:00 GMTEducation companies fund just 5.87 percent of their assets with equity, the thinnest solvency cushion of any Thai industry section as of 17 July 2026. Arts and entertainment follows at 19.9 percent, then financial and insurance at 26.83 percent. Extraterritorial organizations post the thickest cushion of any section at 87.82 percent, though that group holds only 3 reporting companies. Among sections with real scale, mining and quarrying carries the thickest buffer at 65.95 percent. The gap between education and mining runs to 60.08 percentage points. https://maxdatathailand.com/insights/construction-vs-manufacturing-companies-in-thailand-2026/https://maxdatathailand.com/insights/construction-vs-manufacturing-companies-in-thailand-2026/Sat, 18 Jul 2026 08:00:00 GMTManufacturing firms in Thailand carry average total assets of 163.7 million baht per company, versus just 23.2 million baht for construction firms, a gap of 7.07 times. Manufacturing's return on equity runs at 9.84 percent. Construction earns only 2.55 percent, so manufacturing's return is 3.85 times construction's. Construction still outnumbers manufacturing by company count, 283,534 registered firms against 230,396, as of 17 July 2026. https://maxdatathailand.com/insights/which-thai-industry-codes-hold-half-of-corporate-assets-2026/https://maxdatathailand.com/insights/which-thai-industry-codes-hold-half-of-corporate-assets-2026/Thu, 16 Jul 2026 08:00:00 GMTTwelve. That is how many of Thailand's 997 five digit industry codes with asset data it takes to reach half of the country's corporate balance sheet. Those 12 codes are 1.2 percent of all coded industries. They hold 51.1 percent of the country's 102.6 trillion baht in reported assets as of 7 July 2026. One code alone holds 22.2 percent of the national total. Just 19 companies file under it. The other 985 codes split the remaining 48.9 percent among thousands of businesses. https://maxdatathailand.com/insights/two-ways-to-average-thai-company-revenue-2026/https://maxdatathailand.com/insights/two-ways-to-average-thai-company-revenue-2026/Thu, 16 Jul 2026 08:00:00 GMTAverage revenue per Thai company is either 40.3 million baht or 63.4 million baht, and the difference comes entirely from the denominator. Divide Thailand's 80.15 trillion baht in reported revenue by all 1,989,709 registered companies and the average is 40.3 million baht. Divide the same 80.15 trillion baht by the 1,263,354 companies that actually filed financial data and the average jumps to 63.4 million baht. That is a 57.5 percent gap between two numbers describing the same economy. Neither figure is wrong. They simply answer different questions about who counts as a company. https://maxdatathailand.com/insights/top-5-digit-tsic-codes-by-company-count-thailand-2026/https://maxdatathailand.com/insights/top-5-digit-tsic-codes-by-company-count-thailand-2026/Thu, 16 Jul 2026 08:00:00 GMT165,550 companies in Thailand carry TSIC code 41002, an unnamed construction code, making it the single largest 5-digit industry code in the country as of 7 July 2026. That is 8.32 percent of every registered company in Thailand. The next largest code, 68102 in real estate, holds 59,095 companies, less than half as many. Two of the top five codes belong to the construction section. Together the top five codes hold 351,016 companies, 17.64 percent of the national total, and the registry cannot spell out what any of them actually do. https://maxdatathailand.com/insights/top-10-thai-provinces-by-company-count-2026/https://maxdatathailand.com/insights/top-10-thai-provinces-by-company-count-2026/Thu, 16 Jul 2026 08:00:00 GMTBangkok leads Thailand with 812,799 registered companies as of 7 July 2026. That is 6.40 times second place Chon Buri's 127,023, a gap of 685,776 companies. Nonthaburi ranks third at 102,370, then Samut Prakan and Pathum Thani, three provinces that ring the capital. Chiang Mai is the top province outside Greater Bangkok and the eastern seaboard at 65,164. Together the top 10 provinces hold 72.67 percent of every registered company in the country, leaving 67 provinces to split the rest. https://maxdatathailand.com/insights/thailands-industry-register-share-shift-2007-2025/https://maxdatathailand.com/insights/thailands-industry-register-share-shift-2007-2025/Thu, 16 Jul 2026 08:00:00 GMTManufacturing's share of Thailand's filing companies fell from 16.6 percent in 2007 to 11.6 percent in 2025. Professional, scientific and technical services rose from 6.4 percent to 8.5 percent over the same eighteen years. Wholesale and retail trade and construction also lost ground, while the classified filing base itself grew from 314,504 companies to 712,785, up 126.6 percent. Thailand's economy of filers shifted measurably from industry and trade toward services and expertise. https://maxdatathailand.com/insights/most-capital-intensive-5-digit-industry-codes-in-thailand-2026/https://maxdatathailand.com/insights/most-capital-intensive-5-digit-industry-codes-in-thailand-2026/Thu, 16 Jul 2026 08:00:00 GMTTSIC code 64191 holds 22.75 trillion baht in total assets as of 7 July 2026. Just 19 filing companies sit inside that code. That works out to roughly 1.2 trillion baht in assets per firm, the highest of any five digit industry code in Thailand. The code sits inside the financial and insurance section, and its largest filer is Bangkok Bank Public Company Limited. It beats the second ranked code by more than 30 times. Those 19 companies alone hold 22.2 percent of every baht of assets reported by Thai companies with a filed statement that year. https://maxdatathailand.com/insights/information-communication-vs-financial-insurance-in-thailand-2026/https://maxdatathailand.com/insights/information-communication-vs-financial-insurance-in-thailand-2026/Thu, 16 Jul 2026 08:00:00 GMTFinancial and insurance companies average 133.1 million baht in revenue per firm and keep 25.4 percent of it as net profit, a margin more than four times the 5.8 percent that information and communication firms manage. Finance counts 35,567 companies on the register against 52,537 for information and communication. Yet the average finance company banks over 16 times more net profit each year. Return on assets flips the story though, 1.80 percent for finance against 2.36 percent for information and communication, because bank balance sheets carry far more capital per firm. https://maxdatathailand.com/insights/how-few-industries-hold-half-of-thai-profit-2026/https://maxdatathailand.com/insights/how-few-industries-hold-half-of-thai-profit-2026/Thu, 16 Jul 2026 08:00:00 GMTTwo of Thailand's 21 industry sections generate more than half the country's net profit, as of 7 July 2026. Manufacturing alone contributes 1.10 trillion baht, 33.4 percent of the national total. Financial and insurance adds 0.84 trillion baht, 25.5 percent more. Together the two sections reach 1.94 trillion baht, 58.9 percent of the national total. Wholesale and retail trade holds the most companies of any section, 715,976 of them, yet contributes only 15.0 percent of profit. Profit concentrates far faster than the company count does. https://maxdatathailand.com/insights/fastest-growing-thai-industry-codes-by-company-count-2015-2025/https://maxdatathailand.com/insights/fastest-growing-thai-industry-codes-by-company-count-2015-2025/Thu, 16 Jul 2026 08:00:00 GMTTSIC 47912, an unnamed wholesale and retail trade code, grew 916 percent in filing companies between 2015 and 2025. The count rose from 641 to 6,513 over the decade. That is the fastest growth rate of any 5-digit Thai industry code with a meaningful starting base. Thailand's entire filing company base grew only 48.9 percent over the same decade. This code expanded more than eighteen times as fast as the average. Four of the ten fastest-growing codes sit inside wholesale and retail trade. The story here is entity count, not revenue, a different lens from the site's revenue growth ranking. https://maxdatathailand.com/insights/do-thai-industries-with-more-large-companies-earn-higher-margins-2026/https://maxdatathailand.com/insights/do-thai-industries-with-more-large-companies-earn-higher-margins-2026/Thu, 16 Jul 2026 08:00:00 GMTThai industry codes where large companies make up 20 to 40 percent of the company count post an average net margin of 12.67 percent. Codes where large firms are under 20 percent of the roster average just 2.30 percent, a gap of 10.36 percentage points. Only seven of 967 sizable TSIC codes fall in that higher band, covering 862 companies. The single code where large firms exceed 40 percent of the roster settles back to 9.34 percent, so the pattern is not a straight line upward. https://maxdatathailand.com/insights/which-thai-industries-file-financial-statements-least-2026/https://maxdatathailand.com/insights/which-thai-industries-file-financial-statements-least-2026/Wed, 15 Jul 2026 08:00:00 GMTMining companies file a financial statement only 43.4 percent of the time, the lowest rate among Thailand's 18 major industry sections, as of 7 July 2026. Electricity and gas leads at 79.2 percent. The gap between the two is 35.8 percentage points, despite both being capital heavy sectors. The national filing rate across all classified companies sits at 63.5 percent. Five sections, including mining, construction and wholesale trade, file below that national average. https://maxdatathailand.com/insights/the-missing-founding-years-in-thailands-company-register-2026/https://maxdatathailand.com/insights/the-missing-founding-years-in-thailands-company-register-2026/Wed, 15 Jul 2026 08:00:00 GMTSumming every dated new company record from 2007 through 2025 in Thailand's company register yields 1,561,866 firms. The full register holds 1,989,709 registered companies as of 7 July 2026. That leaves a gap of 427,843 companies, 21.5 percent of the register, with no founding year captured anywhere in the yearly series. The founding year table and the separate statement year table both start precisely at 2007. That shared cutoff points to a digitization boundary in the underlying registry data, not a sudden wave of centuries old firms. https://maxdatathailand.com/insights/thailands-roe-roa-leverage-gap-2007-2025/https://maxdatathailand.com/insights/thailands-roe-roa-leverage-gap-2007-2025/Wed, 15 Jul 2026 08:00:00 GMTBorrowed money widened the gap between Thailand's return on equity and return on assets to 8.99 percentage points in 2013, the widest reading in nineteen years, as of 7 July 2026. That gap narrowed to just 2.81 points in 2019, the tightest reading in the series. By 2025 it sat at 4.81 points, roughly half the 2013 peak. The average gap across all nineteen years runs 6.32 points. The swing traces how much debt amplified shareholder returns each year since 2007, a pattern the debt load and assets to equity figures on this site do not show on their own. https://maxdatathailand.com/insights/thailands-most-volatile-industry-codes-by-revenue-2026/https://maxdatathailand.com/insights/thailands-most-volatile-industry-codes-by-revenue-2026/Wed, 15 Jul 2026 08:00:00 GMTTSIC code 47524, in wholesale and retail trade, is Thailand's most volatile industry code by revenue, moving 67.9 times from its lowest year to its highest. Its revenue jumped 37 times over in a single year, from 330 billion baht to 12.33 trillion baht, then fell 97.5 percent the very next year. Company counts barely moved across that swing, ruling out a wave of new filers as the driver. Across the 368 codes with enough history and scale to compare fairly, the typical code carries a volatility score of just 0.33, nine times calmer than the leader. https://maxdatathailand.com/insights/thailands-logistics-sector-vs-administrative-support-2026/https://maxdatathailand.com/insights/thailands-logistics-sector-vs-administrative-support-2026/Wed, 15 Jul 2026 08:00:00 GMTThailand's transportation and storage companies average 42.91 million baht in yearly revenue per firm, 2.57 times the 16.69 million baht that administrative and support companies average. Return on equity tells a sharper story. Transportation earns 11.02 percent against administrative and support's 4.85 percent, more than double. Administrative and support fields more companies, 100,691 against transportation's 85,273, yet it converts barely half of transportation's total revenue into national output. https://maxdatathailand.com/insights/thailands-digital-economy-vs-professional-services-2026/https://maxdatathailand.com/insights/thailands-digital-economy-vs-professional-services-2026/Wed, 15 Jul 2026 08:00:00 GMTProfessional and technical services post a 13.6 percent net margin as of 7 July 2026, more than double the 5.8 percent margin in information and communication. Flip the lens to scale and the ranking reverses. Information and communication generates about 25.4 million baht in revenue per company, roughly 3.25 times the 7.8 million baht that professional services earns per company. Professional services also runs on nearly triple the headcount of firms, 138,962 against 52,537. Bigger companies, thinner margins. Smaller companies, fatter ones. https://maxdatathailand.com/insights/thailands-company-register-freshness-2026/https://maxdatathailand.com/insights/thailands-company-register-freshness-2026/Wed, 15 Jul 2026 08:00:00 GMT128,617 companies joined Thailand's business register in 2025, the most recent full year of data. That is 6.46 percent of the entire national register. Roughly one company in every fifteen on file was born that single year. 2024 added a smaller 121,657 companies. Over the past decade, 1,134,729 companies joined the register. That decade alone accounts for 57.03 percent of everything on file today. https://maxdatathailand.com/insights/thai-industries-with-no-large-companies-2026/https://maxdatathailand.com/insights/thai-industries-with-no-large-companies-2026/Wed, 15 Jul 2026 08:00:00 GMTForty Thai industry codes with at least 500 registered companies apiece have never produced a single large company, together holding 51,740 firms. That is 9.7 percent of the 413 industry codes large enough to expect a giant. Wholesale and retail trade and accommodation and food service contribute five such codes each, more than any other sector. Micro enterprises make up 81.8 percent of these firms, well above the national average of 75.1 percent. https://maxdatathailand.com/insights/how-few-industry-codes-generate-half-of-thai-revenue-2026/https://maxdatathailand.com/insights/how-few-industry-codes-generate-half-of-thai-revenue-2026/Wed, 15 Jul 2026 08:00:00 GMTThirty industry codes generate half of Thailand's corporate revenue. That is 2.44 percent of the country's 1,228 five digit TSIC codes, as of 7 July 2026. The top 30 codes together report 40.32 trillion baht, 50.35 percent of the 80.08 trillion baht attributed to all classified codes. One single code, inside the wholesale and retail trade section, accounts for 12.79 percent of that revenue by itself. Those same 30 codes hold only 18.83 percent of the companies carrying a code, so revenue concentrates far faster than headcount does. https://maxdatathailand.com/insights/how-few-boom-years-built-thailands-company-register-2026/https://maxdatathailand.com/insights/how-few-boom-years-built-thailands-company-register-2026/Wed, 15 Jul 2026 08:00:00 GMTForty one point two percent of every Thai company with a known founding year was registered in just five calendar years, all of them since 2019. Thailand's registry holds 1,561,866 companies with a dated founding year across 19 years, from 2007 to 2025. The five busiest years, 2021, 2025, 2020, 2024 and 2022, added 643,829 new companies between them. The other fourteen years produced the remaining 58.8 percent. Registration did not climb steadily, it surged. https://maxdatathailand.com/insights/which-thai-industry-codes-have-the-widest-profit-margins-2026/https://maxdatathailand.com/insights/which-thai-industry-codes-have-the-widest-profit-margins-2026/Tue, 14 Jul 2026 08:00:00 GMTThe widest net margin among Thailand's roughly 1,228 five digit industry codes is 87.05 percent, held by a single code, as of 7 July 2026. Among codes classified as financial and insurance specifically, one code leads at 73.19 percent. The worst performer in the whole registry is a different code at negative 93.50 percent. Three information and communication codes also post margins below negative 32 percent. None of this shows up at the 21 section level, where these same codes blend into averages of a few percentage points either side of zero. https://maxdatathailand.com/insights/which-thai-industry-codes-are-heaviest-with-large-companies-2026/https://maxdatathailand.com/insights/which-thai-industry-codes-are-heaviest-with-large-companies-2026/Tue, 14 Jul 2026 08:00:00 GMTThailand's most large-company-heavy five-digit industry code is 10722, a sugar-manufacturing code where 30.18 percent of registered firms are large. That is against a national rate of just 0.7 percent. The vegetable and animal oil code 10420 runs close behind at 22.52 percent large. Meanwhile 490 of Thailand's industry codes count zero large companies at all. Rice growing, cattle raising and vegetable growing each carry hundreds of registered firms and not one large company between them. https://maxdatathailand.com/insights/tourism-vs-arts-and-entertainment-companies-in-thailand-2026/https://maxdatathailand.com/insights/tourism-vs-arts-and-entertainment-companies-in-thailand-2026/Tue, 14 Jul 2026 08:00:00 GMTTourism and hospitality, coded as accommodation and food service in DBD data, posts an aggregate net margin of 5.66 percent as of 7 Jul 2026. Arts, entertainment and recreation, its neighbor in Thailand's leisure economy, runs a net loss of negative 1.09 percent. That is a 6.75 point gap between two sectors built on the same tourists and free time. Tourism and hospitality has 83,598 registered companies, 4.52 times the 18,486 in arts and entertainment. Arts and entertainment is one of only two of Thailand's 21 industry sections in the red, and the only one of meaningful size. https://maxdatathailand.com/insights/thailands-narrowest-and-broadest-industry-codes-2026/https://maxdatathailand.com/insights/thailands-narrowest-and-broadest-industry-codes-2026/Tue, 14 Jul 2026 08:00:00 GMT257 of Thailand's 1,228 five digit industry codes count fewer than 20 registered companies each, as of 7 July 2026. That is one code in five reduced to a micro niche. One hundred fifty seven codes hold five companies or fewer, and forty seven hold exactly one. At the other end, 296 codes cross the 1,000 company mark. Just 47 codes, 3.83 percent of the total, already hold 1,018,528 companies, 51.27 percent of the whole registry. The single busiest code alone carries 165,550 companies. Thailand's industry map is a long tail of tiny slots under a handful of giants. https://maxdatathailand.com/insights/thailands-corporate-assets-to-equity-ratio-2007-2025/https://maxdatathailand.com/insights/thailands-corporate-assets-to-equity-ratio-2007-2025/Tue, 14 Jul 2026 08:00:00 GMT3.40. That is where Thailand's aggregate corporate assets-to-equity ratio, total assets divided by total equity, stood in 2007. By 2025 it had fallen to 2.68. Total assets across filing companies grew 3.57 times over those 18 years. Total equity grew faster still, 4.53 times. The ratio dipped to 2.44 in 2018, a year when a wave of newly filed statements briefly distorted the count. Outside that anomaly, the broader decline is real. Thai companies now fund more of their balance sheet with equity than they did in 2007. https://maxdatathailand.com/insights/thai-corporate-debt-load-2007-2025/https://maxdatathailand.com/insights/thai-corporate-debt-load-2007-2025/Tue, 14 Jul 2026 08:00:00 GMTThailand's registered companies carried 64.43 trillion baht in combined liabilities in statement year 2025, as of 7 July 2026. That is up from 20.32 trillion baht in 2007, a rise of 217.1 percent in eighteen years. Total debt roughly tripled, 3.17 times the 2007 level. Shareholder equity grew even faster over the same span, up 353.1 percent, so the debt to equity ratio actually fell, from 2.40 in 2007 to 1.68 in 2025. Thai companies are borrowing far more money in absolute terms while relying less on debt to fund the balance sheet than they did eighteen years ago. https://maxdatathailand.com/insights/revenue-concentration-by-thai-province-2026/https://maxdatathailand.com/insights/revenue-concentration-by-thai-province-2026/Tue, 14 Jul 2026 08:00:00 GMTThailand's top five provinces by revenue, Bangkok, Samut Prakan, Chon Buri, Rayong and Pathum Thani, generate 80.5 percent of the country's 80.15 trillion baht in reported company revenue as of 7 Jul 2026. Ranked instead by company count, a different top five holds only 61.4 percent of registered companies. Bangkok alone produces 63.1 percent of national revenue. Rayong ranks tenth by company count but fourth by revenue, driven by heavy industry. Money concentrates in Thailand's provinces far more tightly than company headcount does. https://maxdatathailand.com/insights/how-much-of-each-thai-sector-sits-in-one-industry-code-2026/https://maxdatathailand.com/insights/how-much-of-each-thai-sector-sits-in-one-industry-code-2026/Tue, 14 Jul 2026 08:00:00 GMTElectricity and gas is 89.12 percent a single five digit industry code in Thailand, more than any other sector. Accommodation and food service is 61.24 percent one code, mostly restaurants. Construction runs 58.38 percent through one code too. Manufacturing sits at the other extreme, its 230,396 companies spread so thin that the largest single code holds just 4.94 percent, as of 7 Jul 2026. https://maxdatathailand.com/insights/fastest-growing-thai-industry-codes-by-revenue-2015-2025/https://maxdatathailand.com/insights/fastest-growing-thai-industry-codes-by-revenue-2015-2025/Tue, 14 Jul 2026 08:00:00 GMTTSIC code 63113 grew revenue 32.4 fold between 2015 and 2025, the fastest of Thailand's five digit industry codes with a meaningful starting base. Revenue rose from 3.58 billion baht to 115.97 billion baht in a decade. The code sits inside the information and communication section, which grew only 11.8 percent over the same ten years. Strip this one code out and the rest of the section actually shrank 1.4 percent. A single sliver of the economy produced more revenue growth than its entire parent sector managed on its own. https://maxdatathailand.com/insights/agriculture-vs-manufacturing-companies-in-thailand-2026/https://maxdatathailand.com/insights/agriculture-vs-manufacturing-companies-in-thailand-2026/Tue, 14 Jul 2026 08:00:00 GMTThe average Thai manufacturing company reports 175.0 million baht in yearly revenue, more than four times agriculture's 42.0 million baht, as of 7 July 2026. Manufacturing also earns a fatter margin, 4.37 percent against agriculture's 2.55 percent. Its return on equity of 9.82 percent triples agriculture's 2.73 percent. Yet agriculture's revenue grew 96.5 percent over the past decade, nearly four times manufacturing's 24.6 percent gain. Bigger and more profitable does not mean faster growing.