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    Thailand Economy - 2004
    https://immigration-usa.com/wfb2004/thailand/thailand_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Thailand has a free-enterprise economy and welcomes foreign investment. Exports feature textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances. Thailand has recovered from the 1997-98 Asian Financial Crisis and was one of East Asia's best performers in 2002. Increased consumption and investment spending and strong export growth pushed GDP growth up to 6.3% in 2003 despite a sluggish global economy. The highly popular government has pushed an expansionist policy, including major support of village economic development.

      GDP:
      purchasing power parity - $475.7 billion (2003 est.)

      GDP - real growth rate:
      6.3% (2003 est.)

      GDP - per capita:
      purchasing power parity - $7,400 (2003 est.)

      GDP - composition by sector:
      agriculture: 9%
      industry: 42%
      services: 49% (2002)

      Population below poverty line:
      10.4% (2002 est.)

      Household income or consumption by percentage share:
      lowest 10%: 2.8%
      highest 10%: 32.4% (1998)

      Distribution of family income - Gini index:
      41.4 (1998)

      Inflation rate (consumer prices):
      1.8% (2003 est.)

      Labor force:
      33.4 million (2001 est.)

      Labor force - by occupation:
      agriculture 49%, industry 14%, services 37% (2000 est.)

      Unemployment rate:
      2.2% (2003 est.)

      Budget:
      revenues: $21 billion
      expenditures: $22 billion, including capital expenditures of $5 billion (2000 est.)

      Industries:
      tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry, electric appliances and components, computers and parts, integrated circuits, furniture, plastics, world's second-largest tungsten producer, and third-largest tin producer

      Industrial production growth rate:
      3% (2000 est.)

      Electricity - production:
      97.6 billion kWh (2001)

      Electricity - production by source:
      fossil fuel: 91.3%
      hydro: 6.4%
      other: 2.4% (2001)
      nuclear: 0%

      Electricity - consumption:
      90.91 billion kWh (2001)

      Electricity - exports:
      200 million kWh (2001)

      Electricity - imports:
      350 million kWh (2001)

      Oil - production:
      173,800 bbl/day (2001 est.)

      Oil - consumption:
      785,000 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

      Oil - proved reserves:
      600 million bbl (1 January 2003)

      Natural gas - production:
      18.73 billion cu m (2001 est.)

      Natural gas - consumption:
      23.93 billion cu m (2001 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      5.2 billion cu m (2001 est.)

      Natural gas - proved reserves:
      368.2 billion cu m (1 January 2003)

      Agriculture - products:
      rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans

      Exports:
      $75.99 billion f.o.b. (2003 est.)

      Exports - commodities:
      computers, office machine parts, transistors, rubber, vehicles (cars and trucks), plastic, seafood (2002)

      Exports - partners:
      US 19.6%, Japan 14.5%, Singapore 8.1%, Hong Kong 5.4%, China 5.2%, Malaysia 4.1% (2002)

      Imports:
      $65.3 billion f.o.b. (2003 est.)

      Imports - commodities:
      capital goods, intermediate goods and raw materials, consumer goods, fuels (2000)

      Imports - partners:
      Japan 23%, US 9.6%, China 7.6%, Malaysia 5.6%, Singapore 4.5%, Taiwan 4.4% (2002)

      Debt - external:
      $62.5 billion (2002 est.)

      Economic aid - recipient:
      $131.5 million (1998 est.)

      Currency:
      baht (THB)

      Currency code:
      THB

      Exchange rates:
      baht per US dollar - 41.48 (2003), 42.96 (2002), 44.43 (2001), 40.11 (2000), 37.81 (1999)

      Fiscal year:
      1 October - 30 September


      NOTE: The information regarding Thailand on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Thailand Economy 2004 information contained here. All suggestions for corrections of any errors about Thailand Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/thailand/thailand_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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