Phitsanulok vs Nakhon Sawan: Business Base Compared (2026)
In short
Nakhon Sawan has the bigger business base by revenue, at 211 billion baht against 138 billion for Phitsanulok, as of 17 July 2026. Phitsanulok has more registered companies, 11,899 against 10,982. That makes the average Nakhon Sawan company 1.66 times larger in revenue terms. Count says Phitsanulok. Money says Nakhon Sawan.
Which lower-north province has the bigger business base?
It depends on what you count, and the two answers point in opposite directions. Phitsanulok has 11,899 registered companies, which is 917 more than the 10,982 in Nakhon Sawan (DBD, 2026). Nakhon Sawan reports 211.09 billion baht in revenue, which is 73.48 billion more than the 137.61 billion in Phitsanulok. Divide revenue by the number of companies and the gap widens. A typical Nakhon Sawan company books 19.22 million baht, while a Phitsanulok company books 11.57 million. If you measure a business base by money moving through it, Nakhon Sawan wins clearly.
Revenue per registered company, lower north and neighbours
- Kamphaeng Phet23
- Tak21
- Nakhon Sawan19
- Phichit17
- Uthai Thani14
- Uttaradit14
- Phitsanulok12
- Phetchabun11
- Sukhothai10
Figures in million baht per company.
Nakhon Sawan sits well above Phitsanulok. Kamphaeng Phet and Tak sit above both, so the lower north is not one uniform market.
Phitsanulok and Nakhon Sawan side by side
| Measure | Nakhon Sawan | Phitsanulok | Leader |
|---|---|---|---|
| Registered companies | 10,982 | 11,899 | Phitsanulok |
| Total revenue, billion baht | 211.09 | 137.61 | Nakhon Sawan |
| Revenue per company, million baht | 19.22 | 11.57 | Nakhon Sawan |
| Share of national companies | 0.55% | 0.60% | Phitsanulok |
| Share of national revenue | 0.26% | 0.17% | Nakhon Sawan |
Registered companies and reported revenue by province, as of 17 Jul 2026.
Why this matters
Company counts are the number everyone quotes, because they are easy to find. They flatter provinces full of small shops and understate provinces with a few heavy hitters. Phitsanulok has the larger crowd of registered firms, yet each one carries less revenue. Nakhon Sawan has a thinner crowd and a heavier load. For a supplier, a lender or a regional sales team, that changes the question. Phitsanulok offers more doors to knock on. Nakhon Sawan offers bigger doors. Neither province comes close to the national average of 40.28 million baht per company, so both sit well below the country as a whole. One caution applies. Revenue is booked where a company registers, not always where it trades, so a single large registrant can lift a province's total.
Definitions
- Registered company
- A juristic person on the DBD registry, counted in the province of its registered address.
- Revenue per company
- Total province revenue divided by all registered companies in that province, including those that filed no statement.
- Business base
- In this page, the combination of how many companies a province hosts and how much revenue they report.
Assumptions
- Revenue reflects only companies that filed a financial statement, so provinces with higher filing rates look larger.
- Revenue is attributed to the registered province, which may differ from where the work is done.
- A small number of large companies can move a province total, so averages are not typical firm sizes.
Methodology
Figures come from the Department of Business Development registry of juristic persons, aggregated by registered province and read as of 17 July 2026. Company count is every registered entity in the province. Revenue sums the reported revenue of companies that filed a financial statement. Revenue per company divides province revenue by the full registered count, so it is an estimate that understates the true figure for filing companies. Shares use national totals of 1,989,709 registered entities and 80.15 trillion baht of reported revenue.
How we verified this
- Company gap recomputed: 11,899 minus 10,982 equals 917, which is 8.35 percent more companies in Phitsanulok.
- Revenue gap recomputed: 211,092,204,294.71 minus 137,612,865,051.08 equals 73,479,339,243.63 baht.
- Revenue ratio recomputed: 211.09 divided by 137.61 equals 1.53.
- Revenue per company recomputed: Nakhon Sawan 211,092,204,294.71 divided by 10,982 equals 19.22 million baht, Phitsanulok 137,612,865,051.08 divided by 11,899 equals 11.57 million baht, ratio 1.66.
- National shares recomputed against 1,989,709 entities and 80,146,498,562,464 baht: companies 0.55 and 0.60 percent, revenue 0.26 and 0.17 percent.
- National average revenue per company recomputed: 80,146,498,562,464 divided by 1,989,709 equals 40.28 million baht.
- Neighbour values recomputed the same way from each province's revenue and company count.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates by province. Ministry of Commerce, Thailand. https://www.dbd.go.th/
Frequently asked questions
Which has more registered companies, Phitsanulok or Nakhon Sawan?
Phitsanulok, with 11,899 companies against 10,982 in Nakhon Sawan, a gap of 917.
Which has more revenue, Phitsanulok or Nakhon Sawan?
Nakhon Sawan, with 211.09 billion baht against 137.61 billion baht in Phitsanulok, about 1.53 times as much.
Why would a province with fewer companies earn more revenue?
Its companies are larger on average. Nakhon Sawan books 19.22 million baht per company against 11.57 million in Phitsanulok, and a few large registrants can lift the total.
Cite this page
Chatpong L. (2026). Phitsanulok vs Nakhon Sawan: Business Base Compared (2026). Max Data Insights. https://maxdatathailand.com/insights/phitsanulok-vs-nakhon-sawan-business-comparison-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.