Debt - external: GDP - composition, by end use: (31 December 2017 est.) (2017 est.) (31 December 2016 est. Fiscal year: 1 October - 30 September $348.8 billion note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): 35.296 30 (31 December 2017 est.) Overview. Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% Reserves of foreign exchange and gold: 12 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 33 Reserves of foreign exchange and gold: Household income or consumption by percentage share: 16 services: 51.5% Exports: Population below poverty line: 7.2% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) Stock of direct foreign investment - at home: (2017 est.) (31 December 2016 est. $52.03 billion $117.4 billion $96.27 billion Unemployment rate: $132 billion (31 December 2017 est.) Exchange rates: baht per US dollar - services: 51.5% $584.9 billion (31 December 2016 est. [see also: Imports country ranks ] $117.4 billion GDP - per capita: Thailand Economy Overview. (2016 est. (2011)country comparison to the world (CIA rank, may be based on non-current data): 25, country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] (2013 est. Per capita GDP growth for Thailand is expected at 2.5% in 2021 and 4.0% in 2022 - ADB Report. 4.42% investment in inventories: -0.4% highest 10%: 31.5% (2016 est. 49 (2017 est.) $508.4 billion (2014 est.) 1.5% Thailand is located in Southeast Asia and borders a total of four countries. 1.5% (2016 est. (31 December 2016 est. (2016 est. 4.42% $354.4 billion 33 (2013 est. [see also: Unemployment rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - revenues country ranks ] Labor force: 38.37 million For the latest updates on the key economic responses from governments to address the economic impact of the COVID-19 pandemic, please consult the IMF's policy tracking platform Policy Responses to COVID-19.. Thailand is the second largest economy in Southeast Asia after Indonesia, and with an upper-middle income status, serves as an economic anchor for its developing . (2017 est.) (2017 est.) lowest 10%: 2.8% 5 35.296 4.42% 35.296 Exports - commodities: automobiles and parts, computer and parts, jewelry and precious stones, polymers of ethylene in primary forms, refine fuels, electronic integrated circuits, chemical products, rice, fish products, rubber products, sugar, cassava, poultry, machinery and parts, iron and steel and their products Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% (2016 est. (31 December 2016 est. Exports - partners: China 12.4%, US 11.2%, Japan 9.5%, Hong Kong 5.2%, Vietnam 4.9%, Australia 4.5%, Malaysia 4.4% 41.9% of GDP Exchange rates: baht per US dollar - 12 Exports - commodities: automobiles and parts, computer and parts, jewelry and precious stones, polymers of ethylene in primary forms, refine fuels, electronic integrated circuits, chemical products, rice, fish products, rubber products, sugar, cassava, poultry, machinery and parts, iron and steel and their products [see also: Stock of broad money country ranks ] 24 (2015) (2017 est.) [see also: Central bank discount rate country ranks ] $508.4 billion $202.6 billion [see also: Inflation rate (consumer prices) country ranks ] 32.48 [see also: Debt - external country ranks ] (2015 est. Thailand exported 1,188,515 automobiles in 2016 which made more than USD 18 billion to the country while export value increased at the faster pace than export volume since 2009, 14.08% and 11.95% respectively. $354.4 billion 21 Commercial bank prime lending rate: (2016 est. (31 December 2014 est.) In addition to a healthy interior economy, Thailand also participates in the global market. 5 )country comparison to the world (CIA rank, may be based on non-current data): 34.34 Found insideThis book adopts a neo-Marxist and Gramscian approach to studying the political economy of the agricultural and food system in Thailand (1990-2014). Stock of domestic credit: $193.5 billion (31 December 2016 est. Stock of direct foreign investment - abroad: 44 ), Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): $130.6 billion Market value of publicly traded shares: Overview Of The Economy Of Thailand . Getting electricity is now less expensive. [see also: Imports country ranks ] Thailand's economic freedom score is 69.7, making its economy the 42nd freest in the 2021 Index. The 1966 Treaty of Amity and Economic Relations, the most recent iteration of the 1833 Treaty of Amity and Commerce, facilitates U.S. and Thai companies' economic access to one another's markets. [see also: Central bank discount rate country ranks ] Thailand - Overview of economy. $348.8 billion 35.296 $51.08 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] (2016 est. (2016 est. (2015 est.) (31 December 2015)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $354.4 billion By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants. Distribution of family income - Gini index: $202.6 billion services: 55.6% Reserves of foreign exchange and gold: 1.5% (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] [see also: Stock of narrow money country ranks ] Thailand’s free-market economy benefits from relatively well-developed infrastructure. $508.4 billion )country comparison to the world (CIA rank, may be based on non-current data): Exports: (31 December 2014 est.) 4.47% 38 (31 December 2013 est. Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% $117.4 billion (31 December 2013 est. [see also: Inflation rate (consumer prices) country ranks ] (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Thailand, the second largest economy in ASEAN after Indonesia, is an upper middle-income country with an open economy, a gross domestic product (GDP) of $503.5 billion, and a negative 6.1 percent annual growth in 2020. [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 38 34.248 [see also: Stock of narrow money country ranks ] $130.6 billion [see also: GDP - composition, by end use - investment in inventories country ranks ] agriculture: 8.2% Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and processed foods. [see also: Debt - external country ranks ] agriculture: 31.8% (2016 est. (31 December 2017 est.) (2017 est.) $203.2 billion (31 December 2017 est.) Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% )country comparison to the world (CIA rank, may be based on non-current data): Thailand's GDP was US$163.5 billion with a GDP per capita of US$2,537 in 2004. b) The CIA sometimes assigns counterintuitive ranks. (Photo by Nutthawat Wicheanbut . The recovery in services trade has lagged behind goods trade, with a return to pre-pandemic levels unlikely until 2022. [see also: Gross national saving country ranks ] 35.296 5 128 (2017 est.) (2017 est. $171.9 billion )country comparison to the world (CIA rank, may be based on non-current data): 48.4 )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: Market value of publicly traded shares: Reserves of foreign exchange and gold: ), Fiscal year: 1 October - 30 September, Inflation rate (consumer prices): (2011)country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: baht per US dollar - [see also: Public debt country ranks ] [see also: Taxes and other revenues country ranks ] (31 December 2016 est. [see also: Imports country ranks ] (2013 est. [see also: Inflation rate (consumer prices) country ranks ] $214.3 billion (2017 est.) Economic Overview For the latest updates on the key economic responses from governments to address the economic impact of the COVID-19 pandemic, please consult the IMF's policy tracking platform Policy Responses to COVID-19.. Vietnam is one of the fastest growing countries in the world and its economy has shown resilience to trade wars and slower growth rates in neighbouring China. 12 (2015 est.) Stock of direct foreign investment - abroad: [see also: Labor force - by occupation - services country ranks ] Looking to the future, Thailand's economic development is set to follow a 20-year National Strategy Plan . Debt - external: (2015 est.) [see also: Inflation rate (consumer prices) country ranks ] $235.1 billion 0.7% The Thai government introduced tighter lending policies with reduced LTV-ratios as late as April 2019. Imports - commodities: machinery and parts, crude oil, electrical machinery and parts, chemicals, iron & steel and product, electronic integrated circuit, automobile’s parts, jewelry including silver bars and gold, computers and parts, electrical household appliances, soybean, soybean meal, wheat, cotton, dairy products [see also: Budget surplus (+) or deficit (-) country ranks ] In 2020, Taiwan was the only Asian Tiger that reported positive GDP growth at 3.1%, ranking first in the Asia Pacific region. [see also: Commercial bank prime lending rate country ranks ] (31 December 2017 est.) [see also: Market value of publicly traded shares country ranks ] [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2016 est. $96.27 billion 49 Additional fiscal stimulus from the new Emergency Decree, clearer plans for vaccine . Exports - commodities: automobiles and parts, computer and parts, jewelry and precious stones, polymers of ethylene in primary forms, refine fuels, electronic integrated circuits, chemical products, rice, fish products, rubber products, sugar, cassava, poultry, machinery and parts, iron and steel and their products Trade Freedom 80.0 Create a Graph using this measurement, Investment Freedom 55.0 Create a Graph using this measurement, Financial Freedom 60.0 Create a Graph using this measurement. (2017 est.) $62.39 billion Stock of broad money: $177.7 billion 148 (31 December 2017 est.) Public debt: )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est. 10 33 35.296 21 Stock of domestic credit: $227.8 billion [see also: Public debt country ranks ] (2017 est.) [see also: Budget - expenditures country ranks ], Taxes and other revenues: 15.2% (of GDP) [see also: Labor force - by occupation - services country ranks ] 21 [see also: Debt - external country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] Stock of direct foreign investment - at home: (31 December 2016 est. (31 December 2016 est. (2017 est.) (31 December 2016 est. Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% (2016 est.) The book is a key reading which provides a comprehensive and systematic overview of the contemporary Asian economy. Economy. (2015) $348.8 billion Debt - external: 99, country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 30 )country comparison to the world (CIA rank, may be based on non-current data): Labor force - by occupation: 49 $354.4 billion This was despite decisive action on the government's part to implement a package of fiscal, monetary . )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] (31 December 2016 est. (2016 est. (31 December 2016 est. 4.42% Reserves of foreign exchange and gold: Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): More on ADB's economic forecasts for Thailand. Download data: Asian Development Outlook, Statistical Tables. The Thai economy in 2001 is expected to grow by around 1.5 percent or slightly higher (on 18 March 2002, Office of The National Economic and Social Development Board released the official figure for GDP growth in 2001 to be 1.8 percent), particularly on the back of domestic demand which was The government system is a constitutional monarchy; the . Inflation rate (consumer prices): $171.9 billion 49 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $132 billion 33 $171.9 billion $348.8 billion Debt - external: (31 December 2017 est.) (2016 est. $171.9 billion 44 (31 December 2016 est. GDP (official exchange rate): $455.4 billion [see also: Budget surplus (+) or deficit (-) country ranks ] 49 [see also: GDP - composition, by end use - government consumption country ranks ] (2017 est.) $235.1 billion 1.5% (2016 est. 30.3% of GDP $96.27 billion $235.1 billion )country comparison to the world (CIA rank, may be based on non-current data): No claims are made regarding the accuracy of Thailand Economy 2020 information contained here. Stock of direct foreign investment - abroad: $227.8 billion $132 billion note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est. [see also: Reserves of foreign exchange and gold country ranks ] Commercial bank prime lending rate: $203.2 billion services: 51.5% Agriculture employs almost 50% of the population but makes up only 10% of the gross domestic product. 44 )country comparison to the world (CIA rank, may be based on non-current data): $132 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - revenues country ranks ] 21 128 (31 December 2016) (2016 est. 34.248 34.34 (2016 est.) 118 (31 December 2017 est.) (2016 est.) (31 December 2016 est. (2016 est. $48.24 billion $52.03 billion (31 December 2017 est.) 4.42% )country comparison to the world (CIA rank, may be based on non-current data): Economic overview. (2016 est. Its overall score has increased by 0.3 point, primarily because of an improvement in business freedom. [see also: Budget - revenues country ranks ] Exchange rates: baht per US dollar - 118 [see also: Debt - external country ranks ] (31 December 2017 est.) $52.03 billion (2016 est. (31 December 2016 est. (31 December 2015)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 0.2% note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): 21 (2017 est. Imports: (2016 est.) (2017 est.) 1.5% $227.8 billion lowest 10%: 2.8% Fiscal year: 1 October - 30 September (2017 est.) (31 December 2016 est. 34.34 Thailand gdp growth rate for 2019 was 2.27%, a 1.92% decline from 2018. Exports - partners: China 12.4%, US 11.2%, Japan 9.5%, Hong Kong 5.2%, Vietnam 4.9%, Australia 4.5%, Malaysia 4.4% $96.27 billion Debt - external: (31 December 2017 est.) (31 December 2017 est.) Taxes and other revenues: 15.2% (of GDP) Exports - partners: China 12.4%, US 11.2%, Japan 9.5%, Hong Kong 5.2%, Vietnam 4.9%, Australia 4.5%, Malaysia 4.4% $171.9 billion (2013 est. (31 December 2013 est. (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): Above all due to tepid demand from China and increased domestic supply. Exchange rates: baht per US dollar - 0.8% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 34.34 Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% (31 December 2016 est. Budget surplus (+) or deficit (-): -3.5% (of GDP) (2017 est. 12 government consumption: 16.4% Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% 34.34 [see also: Budget - revenues country ranks ] Budget: (2014 est.) Imports - commodities: machinery and parts, crude oil, electrical machinery and parts, chemicals, iron & steel and product, electronic integrated circuit, automobile’s parts, jewelry including silver bars and gold, computers and parts, electrical household appliances, soybean, soybean meal, wheat, cotton, dairy products (2016 est. Stock of direct foreign investment - abroad: (2011)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. 30.3% of GDP exports of goods and services: 68.2% [see also: GDP - composition, by sector of origin - services country ranks ] 34.34 41.8% of GDP Thailand is ranked 9th among 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages. Labor force - by occupation: 25 Current account balance: Imports: [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2017 est.) 1.5% )country comparison to the world (CIA rank, may be based on non-current data): 10 (2017 est.) (31 December 2016) Market value of publicly traded shares: (31 December 2017 est.) $214.3 billion $227.8 billion $584.9 billion $584.9 billion )country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: 1 October - 30 September $348.8 billion )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: 35.296 Stock of narrow money: (31 December 2016 est. $48.24 billion $48.24 billion $430.4 billion 35.296 0.7% Imports - partners: China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% $227.8 billion )country comparison to the world (CIA rank, may be based on non-current data): 33 [see also: Labor force - by occupation - agriculture country ranks ] (31 December 2017 est.) 3.0-4.5 million migrant workers, mostly from neighboring countries has often occurred South Korean companies see thailand as an destination... 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