Source
Central bank

Bank of Thailand

International Reserves

USD 205.6 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 487.2 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 1,320.4 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
5.4% 1.7% -0.7% 7.5% 0.8% 7.2% 2.7%
2014 2015 2016 2017* 2018*    
1% 3.1% 3.4% 4% 4.1%    

*Estimate

GDP per capita - current prices

USD 7,187.2 (2018, estimate)

GDP per capita - PPP

Intl$ 19,476.5 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.57% 0.88% 0.91% 0.95% 0.98%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 8.1% 
  • industry: 35% 
  • services: 56.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2015 2016 2017 2018* 2019*
-0.9% 0.2% 0.7% 1.1% 0.9%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
0.9% 1% 1.2% 1.2% 1.2%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
42.6% 41.8% 41.9% 42.1% 42.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
0.1% 0.6% -0.9% -0.3% -0.2%

*Estimate   

Government bond ratings

Standard & Poor's: BBB+

Moody's: Baa1

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 433.0 billion USD 548.8 billion USD 500.7 billion
Largest companies

Charoen Pokphand Foods, Thanachart Capital, Thai Oil, PTT PCL, Siam Commercial Bank, Siam Cement, Kasikornbank, Bangkok Bank, PTT Global Chemical, CP All, Krung Thai Bank, Thai Beverage, Indorama Ventures, Airports of Thailand, Advanced Info Service

 
 
Source
Current account balance

USD 32.4 billion (2018 estimate)

Current account balance by percentage of GDP

6.4 % (2018 estimate)

Exports as percent of GDP (Exports of goods and services)

66.8% (2018)

Shares in world total merchandising export

1.29% (2018)

Shares in world total commercial services export

1.45% (2018)

Total exports

USD 331.8 billion (2018 estimate)

Export 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

Total imports

USD 274.9 billion (2018 estimate)

 
 
Source
Import 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

Exports - major partners

China 12.4%, US 11.2%, Japan 9.5%, Hong Kong 5.2%, Vietnam 4.9%, Australia 4.5%, Malaysia 4.4% (2017)

Imports - major partners

China 20%, Japan 14.5%, US 6.8%, Malaysia 5.4% (2017)

FDI inflows
2016 2017 2018
USD 1,815 million USD 6,478 million USD 10,493 million
FDI outflows
2016 2017 2018
USD 12,367 million USD 17,064 million USD 17,714 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 1,214 million USD 4,483 million USD 2,692 million USD 3,623 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

21 out of 190 countries

Subcategories:
Starting a Business: 47 out of 190 countries
Dealing with Construction Permits: 34 out of 190 countries
Getting Electricity: 6 out of 190 countries
Registering Property: 67 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 3 out of 190 countries
Paying Taxes: 68 out of 190 countries
Trading across Borders: 62 out of 190 countries
Enforcing Contracts: 37 out of 190 countries
Resolving Insolvency: 24 out of 190 countries

Global competitiveness ranking

40 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 43 / Score: 68.3 (Moderately free)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+7

Total area

513,120 sq km

Capital

Bangkok

Currency

Baht (THB)

Government type

Constitutional monarchy

Languages

Thai (official) only 90.7%, Thai and other languages 6.4%, only other languages (includes Malay, Burmese) (2010 est.)

Religions

Buddhist 94.6%, Muslim 4.3%, Christian 1%, other (2015 est.)

Total population
1990 2000 2010 2015 2020*
56.3 million 62.24 million 65.92 million 67.24 million 68.02 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
19.7% 26.8% 31.4% 49.9%
Population median age

38.1 years

Population growth rate

0.29% (2018 estimate)

Life expectancy

75.1 years (2018 estimate)

Literacy

Total population: 92.9% 
Male: 94.7% 
Female: 91.2%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

0.5% (last available estimate, 2017)

Inequality of wealth distribution (Gini index)

36.5 (last available estimate, 2017)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Not Free
Political Rights: 7
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 4.2%

Mobile: 180.2%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

56.82 % (2018)

Mercer Cost of living index

Bangkok: 40th (2019)

CO2 emissions

4.62 metric tons per capita (2014)

World's Best Developed & Emerging Markets Banks

Best Risk Management Providers - Insurance & Derivatives

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

World's Biggest Banks

Additional Awards