4 Thai Industry Sections With No Down Year Since 2007 (2026)
In short
Only four of Thailand's 21 industry sections added filing companies every single year from 2007 through 2025, with zero down years, as of 14 August 2026. Education, human health, accommodation and food service, and other service activities are the four. Fourteen of the other 18 fully tracked sections lost filers in at least one year along the way. Human health grew the fastest of the four, multiplying its filer count 7.59 times over the period. Thailand's entire filing count fell 2.05 percent in 2025 alone, which makes an unbroken streak since 2007 far rarer than it sounds.
Which Thai industry sections never had a down year in company count?
Four of Thailand's 21 lettered industry sections added filing companies in every single statement year from 2007 through 2025, based on registry data as of 14 August 2026 (DBD, 2026). Education climbed from 1,612 filers to 5,870, a 3.64 times increase, without a single year of contraction. Human health and social work did the same and grew 7.59 times, the fastest pace of the four. Accommodation and food service, Thailand's hospitality trade, grew 3.18 times, from 10,853 filers to 34,566. Other service activities, the fourth and least expected member of the group, grew 4.48 times. Every other section in the registry stepped backward in filing company count at least once across those 18 year-over-year comparisons.
Growth multiple, 2007 to 2025, for the four zero-decline sections
- Human health and social work8
- Other service activities4
- Education4
- Accommodation and food service3
Figures in times larger in 2025 than in 2007.
All four grew every year without exception. Human health grew fastest, education and hospitality grew steadiest.
Filing company count by year for the four zero-decline sections
| Year | Education | Human health | Accommodation and food service | Other services |
|---|---|---|---|---|
| 2,007 | 1,612 | 1,218 | 10,853 | 1,848 |
| 2,008 | 1,706 | 1,331 | 11,280 | 1,929 |
| 2,009 | 1,778 | 1,465 | 11,392 | 1,974 |
| 2,010 | 1,918 | 1,566 | 12,310 | 2,153 |
| 2,011 | 2,135 | 1,767 | 13,248 | 2,335 |
| 2,012 | 2,299 | 1,864 | 14,129 | 2,611 |
| 2,013 | 2,473 | 2,135 | 15,355 | 2,887 |
| 2,014 | 2,705 | 2,420 | 16,611 | 3,139 |
| 2,015 | 3,030 | 2,717 | 17,884 | 3,456 |
| 2,016 | 3,322 | 3,059 | 19,430 | 3,822 |
| 2,017 | 3,606 | 3,423 | 21,075 | 4,260 |
| 2,018 | 4,004 | 3,943 | 23,178 | 4,773 |
| 2,019 | 4,289 | 4,583 | 24,522 | 5,136 |
| 2,020 | 4,500 | 5,188 | 25,310 | 5,525 |
| 2,021 | 4,674 | 5,934 | 26,505 | 6,031 |
| 2,022 | 4,876 | 6,960 | 28,530 | 6,661 |
| 2,023 | 5,292 | 8,093 | 31,615 | 7,434 |
| 2,024 | 5,762 | 9,073 | 34,235 | 8,253 |
| 2,025 | 5,870 | 9,243 | 34,566 | 8,287 |
Statement years 2007 to 2025, registry data as of 14 Aug 2026. Every cell in every column is higher than the cell above it.
Why does an unbroken streak matter more than raw growth?
Plenty of Thai sections grew their filer count over the same 18 years. Real estate multiplied 2.34 times and construction multiplied 1.98 times, yet both had at least one year where the count slipped, so neither qualifies for this list. Fourteen of the 18 fully tracked sections lost filers in at least one statement year, and for most of them that single bad year was 2025. Thailand's entire filing count fell 2.05 percent in 2025, from 730,322 companies to 715,339, so a section that avoided every dip for 18 straight years did something the whole economy just failed to do. Arts and entertainment shows how fragile these streaks usually are. A burst of new filers between 2010 and 2012 was followed by four straight years of decline from 2013 through 2016, as that wave of registrations thinned out. Passing this test means surviving floods, elections, tax changes, and a pandemic without a single step back, a stricter bar than simply finishing bigger than you started.
Definitions
- Down year
- A statement year in which a section's rolled-up filing company count is lower than it was the year before.
- Statement year
- The fiscal year a filed financial statement covers. The source registry records this in the Buddhist calendar, which this page converts to the common calendar year throughout.
- Filing company count
- The number of companies within an industry code or section that submitted a financial statement for a given statement year, not simply the number of companies registered.
- Measurable section
- A section with a filing company count recorded for every statement year from 2007 through 2025 in this analysis. Two sections have no year panel at all, and a third has only three sparse years, so all three are excluded from the measurable set.
- Growth multiple
- How many times larger a section's filing count is at the end of the period than at the start. A growth multiple of 3.0 means the count tripled.
Assumptions
- Public administration and extraterritorial organizations have no year-by-year filing count in the source panel and are treated as not measurable, never assumed to have zero down years by default.
- Households as employers has only three sparse years of data in the panel and is excluded from the measurable set for the same reason.
- Filing company count reflects who submitted a financial statement for that year, not total registrations, so a slow filing season could in principle look like a small decline even without any company actually closing.
- Statement year 2026 is excluded from every comparison because the year is still open and only a few hundred companies had filed at the time of this analysis.
Methodology
Filing company counts for Thailand's more than 900 tracked five-digit TSIC industry codes were pulled by statement year from the DBD registry aggregate as of 14 August 2026, then rolled up to their parent lettered industry section. A section counts as having zero down years only if its rolled-up filer count never fell from one statement year to the next across all 18 year-over-year comparisons from 2007 to 2025, the range with a complete panel. Public administration and extraterritorial organizations have no year panel at all, and households as employers has only three sparse years, so all three are treated as not measurable rather than assumed to pass. Statement year 2026 is excluded because it is still open and severely undercounted at the time of this analysis.
How we verified this
- Rebuilt the section-level filing count for every statement year from 2007 to 2025 by summing five-digit TSIC codes into their parent section, then checked all 18 year-over-year deltas per section. Only sections I, P, Q, and S had zero negative deltas, confirming 4 sections out of 21 lettered sections.
- Confirmed the measurable universe: 18 of the 21 sections have a complete 19-year panel. Public administration and extraterritorial organizations have no rows at all, and households as employers has only 3 sparse years, so 4 of 18 measurable sections equals 22.2 percent.
- Recomputed each growth multiple directly from its 2007 and 2025 endpoints: human health 9,243 divided by 1,218 equals 7.59, education 5,870 divided by 1,612 equals 3.64, accommodation and food service 34,566 divided by 10,853 equals 3.18, other services 8,287 divided by 1,848 equals 4.48.
- Cross-checked the 2025 national dip two ways: market_year_insight's own national total fell from 730,322 to 715,339 companies, a 2.05 percent drop, and independently summing the classified TSIC panel gave 729,128 falling to 714,157, a matching 2.05 percent drop.
- Summed the current entity count for the four zero-decline sections, 83,598 plus 13,897 plus 17,294 plus 20,455, equalling 135,244, then divided by the 1,986,489 companies with a classified section to confirm the 6.8 percent share.
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. (2025). Thai economic performance in Q3 of 2025 and the outlook for 2025-2026. National Economic and Social Development Council, Thailand. https://www.nesdc.go.th/wordpress/wp-content/uploads/2025/11/05-PRESSENG-Q3-2568-Final-1.pdf
Frequently asked questions
Which Thai industry sections never had a down year in company count?
Education, human health and social work, accommodation and food service, and other service activities. All four added filing companies in every statement year from 2007 through 2025, with zero declines.
How rare is an unbroken growth streak among Thai industry sections?
Rare. Only 4 of the 18 industry sections with a complete 2007 to 2025 panel avoided every single down year, which is 22.2 percent. The other 14 sections each lost filers in at least one statement year.
Which of the four zero-decline sections grew the fastest?
Human health and social work, which multiplied its filer count 7.59 times between 2007 and 2025, from 1,218 companies to 9,243.
Did Thailand's overall company filing count ever fall?
Yes. The national filing count dropped 2.05 percent in 2025 alone, from 730,322 companies to 715,339, which is exactly the kind of dip these four sections avoided for 18 straight years.
Cite this page
Chatpong L. (2026). 4 Thai Industry Sections With No Down Year Since 2007 (2026). Max Data Insights. https://maxdatathailand.com/insights/thai-industry-sections-with-no-down-year-in-company-count-2026
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.