Thailand


Thailand Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Thailand; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Thailand
International Reserves US$ 174.891 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 377.158 billion (2011 estimate)
GDP (Purchasing Power Parity) 643.266 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.2% 5.3% 7.1% 6.3% 4.6% 5.1% 4.9% 2.6%
2009 2010 2011 2012*
-2.3% 7.8% 0.1% 5.5%

*Estimate

GDP per capita - current prices US$ 5,851 (2011 estimate)
GDP per capita - PPP $9,979 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.45% 0.7% 0.74% 0.79% 0.81%

**Forecast

GDP - composition by sector
  • agriculture: 12.2% 
  • industry: 45.3% 
  • services: 42.5% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
-0.8%(2008) 3.3% 3.8% 3.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
1.5% 1% 0.7%(2009) 0.7%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
37.3% 45.2% 42.6% 41.7% 44.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.1% -3.2% -0.8% -1.9% -3.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB+

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$138.2 billion US$277.7 billion US$268.5 billion
Largest companies in Thailand Thai Beverage (Beverages), InTouch (Communications Equipment), Siam Cement (Construction Materials), Banpu (Diversified Metals & Mining), Charoen Pokphand Foods (Food Processing), CP All (Food Retail), Kasikornbank (Major Banks), PTT PCL (Oil & Gas Operations), Thai Oil (Oil & Gas Operations), Siam Commercial Bank (Regional Banks), Bangkok Bank (Regional Banks), Krung Thai Bank (Regional Banks), Bank of Ayudhya (Regional Banks), Thanachart Capital (Regional Banks), PTT Global Chemical (Specialized Chemicals), Indorama Ventures (Specialized Chemicals), Advanced Info Service (Telecommunications services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 3.8 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP 1% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

71.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.25%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.98% (2011)(2007)

(Data were released in 2012)

Total exports US$226.2 billion (2012 estimate) 
Export commodities electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice, rubber
Total imports US$213.7 billion (2012 estimate) 
Import commodities capital goods, intermediate goods and raw materials, consumer goods, fuels
Exports - major partners China 12%, Japan 10.5%, US 9.6%, Hong Kong 7.2%, Malaysia 5.4%, Singapore 5%, Indonesia 4.4% (2009 estimate)
Imports - major partners Japan 18.5%, China 13.4%, UAE 6.3%, US 5.9%, Malaysia 5.4%, South Korea 4% (2009 estimate)
FDI inflows
2009 2010 2011
US$4,854 million US$9,733 million(2009) US$9,572 million(2009)
FDI outflows
2009 2010 2011
US$4,172 million US$5,415 million US$10,634 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$1,416 million US$872 million(2009) US$2,731 million(2009) US$4,996 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 18 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 85 out of 185 countries(2009)

Enforcing Contracts: 23 out of 185 countries

Registering Property: 26 out of 185 countries

Getting credit: 70 out of 185 countries

Protecting investors: 13 out of 185 countries

Trading across border: 20 out of 185 countries

Paying Taxes: 96 out of 185 countries

Dealing with Construction Permits: 16 out of 185 countries

Getting Electricity: 10 out of 185 countries

Resolving Insolvency: 58 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
38

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 60 Score: 64.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+7
Total area 513,120 km2 (2006)
Capital Bangkok (2009)
Currency baht (2009)
Government type constitutional monarchy (2009)
Languages Thai, English (secondary language of the elite), ethnic and regional dialects
Religions Buddhist 94.6%, Muslim 4.6%, Christian 0.7%, other 0.1% (2000 census)
Total population
1980 1990 2000 2012* 2017**
46.5 million 56.41 million 62.4 million 64.46 million 66.42 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
19.7% 26.8% 31.1% 34.1%
Population median age 34 years (2010)
Population growth rate 0.6% (2011)
Life expectancy 74 years (2010)
Adult literacy 94% (2005/2010)
% of population living on less than $2 a day 11.52% (2011)
Inequality of wealth distribution (Gini index)

40.02 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

122.83% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 23.7% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bangkok: 88th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

3.9548 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Kasikornbank (National, 2013)
2012:
  • COUNTRY WINNERS Kasikornbank (National, 2012)
2011:
  • COUNTRY WINNERS Kasikornbank (National, 2011)
2010:
  • COUNTRY WINNERS Kasikornbank (Global, 2010)
2009:
  • COUNTRY WINNERS Kasikornbank (National, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (Global, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Social Media Siam Commercial Bank (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (Global, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (Global, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2012)
2011:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2011)
2010:
  • COUNTRY WINNERS Siam Commercial Bank (Global, 2010)
2009:
  • COUNTRY WINNERS Siam Commercial Bank (Central and Eastern Europe, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Bangkok Bank (National, 2012)
2011:
  • COUNTRY WINNERS Bangkok Bank (National, 2011)
2010:
  • COUNTRY WINNERS Bangkok Bank (Global, 2010)
2009:
  • COUNTRY WINNERS Bangkok Bank (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2013)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:
  • Grade: C (Central and Eastern Europe, 2009)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Bangkok Bank (Central and Eastern Europe, 2010)
  • OVERALL BIGGEST Krung Thai Bank (Central and Eastern Europe, 2010)
  • OVERALL BIGGEST Kasikornbank (Central and Eastern Europe, 2010)
  • OVERALL BIGGEST The Siam Commercial Bank (Durmus Yilmaz, 2010)
  • OVERALL BIGGEST The Government Savings Bank (Europe, 2010)
  • OVERALL BIGGEST Bank of Ayudhya Public (Europe, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2013)
2012:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2012)
2011:
  • COUNTRY WINNERS Siam Commercial Bank (Global, 2011)
2010:
  • COUNTRY WINNERS Siam Commercial Bank (Global, 2010)
2009:
  • COUNTRY WINNERS Siam Commercial Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE