Economy - overview:
With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand enjoyed solid growth from 2000 to 2007 - averaging more than 4% per year - as it recovered from the Asian financial crisis of 1997-98. Thai exports - mostly machinery and electronic components, agricultural commodities, and jewelry - continue to drive the economy, accounting for more than half of GDP. The global financial crisis of 2008-09 severely cut Thailand's exports, with most sectors experiencing double-digit drops. In 2009, the economy contracted 2.4%. In 2010, Thailand's economy expanded 7.8%, its fastest pace since 1995, as exports rebounded from their depressed 2009 level. Steady economic growth at just below 4% for most of 2011 was interrupted by historic flooding in October and November in the industrial areas north of Bangkok, crippling the manufacturing sector and leading to a revised growth rate of 1.5% for the year. The industrial sector is poised to recover however, and the economy will probably grow between 4 and 5%.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Thailand on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Thailand Economy 2012 information contained here. All suggestions for corrections of any errors about Thailand Economy 2012 should be addressed to the CIA.
$609.8 billion (2011 est.)
country comparison to the world: 25
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$339.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
1.5% (2011 est.)
country comparison to the world: 172
[see also: GDP - real growth rate country ranks ]
$9,700 (2011 est.)
country comparison to the world: 111
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 12.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 42.5% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
39.28 million (2011 est.)
country comparison to the world: 16
[see also: Labor force country ranks ]
agriculture: 42.4%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 37.9% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]
1% (2011 est.)
country comparison to the world: 6
[see also: Unemployment rate country ranks ]
9.6% (2006 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 42.6% (2009)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
53.6 (2009)
country comparison to the world: 14
[see also: Distribution of family income - Gini index country ranks ]
26.9% of GDP (2011 est.)
country comparison to the world: 51
[see also: Investment (gross fixed) country ranks ]
revenues: $65.21 billion
[see also: Budget revenues country ranks ]
expenditures: $74.99 billion (2011 est.)
[see also: Budget expenditures country ranks ]
19.2% of GDP (2011 est.)
country comparison to the world: 164
[see also: Taxes and other revenues country ranks ]
-2.9% of GDP (2011 est.)
country comparison to the world: 103
[see also: Budget surplus (+) or deficit (-) country ranks ]
45.6% of GDP (2011 est.)
country comparison to the world: 61
note: data cover general Government Debt, and includes 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 intra-governmental debt; intra-governmental 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 auctions.
[see also: Public debt country ranks ]
4.1% (2011 est.)
country comparison to the world: 99
[see also: Inflation rate (consumer prices) country ranks ]
7.58% (31 December 2010 est.)
country comparison to the world: 122
[see also: Central bank discount rate country ranks ]
6.9% (31 December 2011 est.)
country comparison to the world: 147
[see also: Commercial bank prime lending rate country ranks ]
$47 billion (31 December 2011 est.)
country comparison to the world: 48
[see also: Stock of narrow money country ranks ]
$448.7 billion (31 December 2011 est.)
country comparison to the world: 22
[see also: Stock of broad money country ranks ]
$418.2 billion (31 December 2011 est.)
country comparison to the world: 29
[see also: Stock of domestic credit country ranks ]
$277.7 billion (31 December 2010)
country comparison to the world: 33
[see also: Market value of publicly traded shares country ranks ]
rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans
tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts; world's second-largest tungsten producer and third-largest tin producer
5.2% (2011 est.)
country comparison to the world: 64
[see also: Industrial production growth rate country ranks ]
139 billion kWh (2008 est.)
country comparison to the world: 25
[see also: Electricity - production country ranks ]
131.6 billion kWh (2008 est.)
country comparison to the world: 25
[see also: Electricity - consumption country ranks ]
1.979 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]
2.313 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
406,800 bbl/day (2010 est.)
country comparison to the world: 33
[see also: Oil - production country ranks ]
988,000 bbl/day (2010 est.)
country comparison to the world: 22
[see also: Oil - consumption country ranks ]
269,100 bbl/day (2009 est.)
country comparison to the world: 44
[see also: Oil - exports country ranks ]
807,100 bbl/day (2009 est.)
country comparison to the world: 17
[see also: Oil - imports country ranks ]
30.88 billion cu m (2009 est.)
country comparison to the world: 26
[see also: Natural gas - production country ranks ]
39.17 billion cu m (2009 est.)
country comparison to the world: 24
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 186
[see also: Natural gas - exports country ranks ]
8.29 billion cu m (2009 est.)
country comparison to the world: 28
[see also: Natural gas - imports country ranks ]
312.2 billion cu m (1 January 2011 est.)
country comparison to the world: 38
[see also: Natural gas - proved reserves country ranks ]
$12.68 billion (2011 est.)
country comparison to the world: 23
[see also: Current account balance country ranks ]
$244.4 billion (2011 est.)
country comparison to the world: 25
[see also: Exports country ranks ]
textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances
China 11%, Japan 10.5%, US 10.4%, Hong Kong 6.7%, Malaysia 5.4%, Australia 4.8%, Singapore 4.6% (2010)
$214.6 billion (2011 est.)
country comparison to the world: 24
[see also: Imports country ranks ]
capital goods, intermediate goods and raw materials, consumer goods, fuels
Japan 20.8%, China 13.3%, US 5.9%, Malaysia 5.9%, UAE 4.7%, South Korea 4.4% (2010)
$202.2 billion (31 December 2011 est.)
country comparison to the world: 13
[see also: Reserves of foreign exchange and gold country ranks ]
$84.16 billion (31 December 2011 est.)
country comparison to the world: 47
[see also: Debt - external country ranks ]
$119.5 billion (31 December 2011 est.)
country comparison to the world: 31
[see also: Stock of direct foreign investment - at home country ranks ]
$29.79 billion (31 December 2011 est.)
country comparison to the world: 39
[see also: Stock of direct foreign investment - abroad country ranks ]
baht per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12