55 of 76 Thai Provinces Trail Half the Revenue Average, 2026
In short
Fifty five of Thailand's 76 provinces earn less than half the national average revenue per registered company, as of 17 July 2026. That average stands at 40.3 million baht per company. Only seven provinces, Bangkok included, actually clear the full line. The province sitting at the exact midpoint of the ranking brings in just 14.6 million baht per company, about 36 percent of the national figure. Mae Hong Son ranks lowest of all 76, at under 10 percent of the average. Most of the country runs far below the number that gets quoted as typical.
How far behind is the typical province?
Fifty five of Thailand's 76 provinces bring in less than half the national average revenue per registered company (DBD, 2026). The national average itself runs to 40,280,513 baht per company, built from 80.15 trillion baht of reported revenue spread across 1,989,709 registered companies nationwide. Half of that line sits at 20,140,256 baht. Only 21 of the 76 provinces clear it. The other 55, nearly three out of every four, fall short of even half the national figure. A separate count already showed that just seven provinces, Bangkok among them, beat the full national average outright. This is the rest of that story. Most provinces that miss the average do not miss it by a little. They earn less than half of it.
Provinces by share of the national average
- Under 20%8
- 20% to 40%40
- 40% to 60%14
- 60% to 80%7
- 80% to 100%1
- 100% or more6
Figures in number of provinces.
Forty of the 76 provinces sit in the 20 to 40 percent band alone. Only one province lands in the narrow gap between 80 and 100 percent, just under the national line.
Where provinces land against the national line
| Province | Registered companies | Revenue per company, baht | Share of national average |
|---|---|---|---|
| Rayong | 33,083 | 96,740,533 | 240.2% |
| Bangkok | 812,799 | 62,186,398 | 154.4% |
| Saraburi | 14,911 | 35,850,947 | 89.0% |
| Tak | 6,239 | 20,743,306 | 51.5% |
| Nakhon Sawan | 10,982 | 19,221,654 | 47.7% |
| Ranong | 2,651 | 14,608,593 | 36.3% |
| Chiang Mai | 65,164 | 8,113,673 | 20.1% |
| Phuket | 52,557 | 7,695,379 | 19.1% |
| Mae Hong Son | 1,569 | 3,861,095 | 9.6% |
Registered companies and average revenue per company for nine provinces spanning the full range, as of 17 Jul 2026.
Why the average is the wrong number to chase
A province level story built on the national average would badly mislead almost everywhere outside the Eastern Seaboard and Bangkok. Rayong earns 240 percent of the national average per company, largely because its refineries and petrochemical plants book enormous revenue through a comparatively small number of registered entities. Chiang Mai and Phuket tell the opposite story. Both are major economic centers by any normal measure of tourism, population or name recognition. Yet each sits at about one fifth of the national average, because their economies run on a very large number of small hospitality and retail businesses rather than a handful of industrial giants. The 55 provinces below half the average are not necessarily poor or badly run. They simply do not host the kind of capital intensive, revenue concentrated industry that pulls the national average this high. For anyone using this figure to size a market, plan a location, or compare a province to the country, the honest read is that Thailand's company revenue is not evenly spread across its map. It is stacked in a narrow band of provinces, and most of the rest of the country runs at a fraction of that line.
Definitions
- Revenue per company
- Total reported revenue for a province or for the country divided by the count of registered companies in that same area. It is an average, not a median, so a small number of very large companies can pull it well above what most companies actually earn.
- National average
- Total reported revenue for all of Thailand divided by the total count of registered companies nationwide, used here as the single line that provinces are measured against.
- Half the national average
- A threshold equal to the national average revenue per company divided by two, used here to separate provinces that trail the country by a moderate margin from those that trail it by a wide one.
- Registered company
- A juristic entity recorded in the DBD registry, whether or not it has filed a financial statement or is currently active.
- Median province
- The province that sits exactly in the middle when Thailand's 76 provinces, excluding Bangkok, are ranked by revenue per company, used here to show what a typical province looks like rather than what the average implies.
Assumptions
- Revenue per company uses total registered companies as the denominator, including companies that have not filed a financial statement, so it understates what an active, reporting company alone earns.
- Bangkok is excluded from the 76 province count and treated as a separate administrative area, consistent with standard Thai government statistical practice.
- A small residual group of companies with no province recorded on file is included in the national total but cannot be assigned to any of the 76 provinces, so it is excluded from the province ranking.
- Company revenue is typically booked at the registered address on file, which for a multi site business may not match where its operations physically sit.
Methodology
Revenue per company is total reported revenue divided by the count of registered companies, computed for each of Thailand's 76 provinces and separately for Bangkok and for the whole country, from the DBD registry as of 17 July 2026. Half the national average is a fixed threshold equal to the national figure divided by two, and a province falls below it when its own average revenue per company sits under that threshold. Bangkok is treated as a separate administrative area from the 76 provinces, following standard Thai government statistical practice. Companies with no province recorded, a small residual group, are excluded from the province ranking but remain part of the national total used as the denominator.
How we verified this
- National average recomputed as 80,146,498,562,463.62 baht divided by 1,989,709 companies equals 40,280,513 baht, rounded to 40.3 million.
- Half the national average recomputed as 40,280,513 divided by 2 equals 20,140,256 baht.
- Each of the 76 non Bangkok provinces had its own average recomputed as total_revenue divided by entity_count, then compared against 20,140,256 baht. Exactly 55 provinces fell below that line.
- 55 divided by 76 equals 72.4 percent, and the remaining 21 divided by 76 equals 27.6 percent, the two shares sum to 100 percent.
- The count of provinces at or above the full national average came to 6 non Bangkok provinces plus Bangkok itself, 7 in total, matching a separately published count built from the same province table.
- The two provinces sitting at the midpoint of the 76 province ranking, Surin at 14,592,294 baht and Ranong at 14,608,593 baht, average to 14,600,443 baht, which is 36.2 percent of the national figure.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates by province. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- Nation Thailand. (2024). Rayong tops Thailand's highest per capita gross regional product rankings. https://www.nationthailand.com/business/economy/40047159
Frequently asked questions
How many Thai provinces earn less than half the national average revenue per company?
55 of the 76 provinces, not counting Bangkok, earn less than half of Thailand's 40.3 million baht national average revenue per registered company, as of 17 July 2026.
Which provinces earn the least per company relative to the national average?
Mae Hong Son is lowest, at 9.6 percent of the national average, followed by Phayao, Lampang and Nan, all under 20 percent.
Do Chiang Mai and Phuket earn above or below the national average?
Both earn far below it. Chiang Mai sits at 20.1 percent of the national average and Phuket at 19.1 percent, despite being two of Thailand's best known economic centers.
What is the typical Thai province's revenue per company?
About 14.6 million baht, the midpoint of the 76 province ranking, roughly 36 percent of the 40.3 million baht national average.
Cite this page
Chatpong L. (2026). 55 of 76 Thai Provinces Trail Half the Revenue Average, 2026. Max Data Insights. https://maxdatathailand.com/insights/majority-of-thai-provinces-earn-under-half-the-national-average-2026
Data & corrections
Download the data (CSV)Spot something off, or want to ask about the data? Email insights@maxsolutions.co.th. We publish corrections.
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.