Thailand Economy Data

GDP - Gross Domestic Product (PPP) $1,070,000,000,000 (USD)
GDP - official exchange rate $373,500,000,000 (USD)
GDP - real growth rate 2.5%
GDP Per Capita $16,100.00 (USD)
GDP by Sector- agriculture 10.4%
GDP by Sector- Industry 37.7%
GDP by Sector- services 51.9%
GDP - composition, by end use household consumption: 52.8%

government consumption: 17.1%

investment in fixed capital: 25.3%

investment in inventories: -0.2%

exports of goods and services: 67.6%

imports of goods and services: -62.6%
Population Below Poverty Line 9.6%
Inflation Rate 3.3%
Labor Force 38,700,000
Labor Force By Occupation- agriculture 38.2%
Labor Force By Occupation- industry 13.6%
Labor Force By Occupation- services 48.2%
Unemployment Rate 1.2%
Fiscal Year 1 October - 30 September
Annual Budget $56,330,000,000 (USD)
Budget Surplus or Deficit - percent of GDP -4%
Public Debt (% of GDP) 35.9%
Taxes and other revenues - percent of GDP 20.2%
Major 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 Growth Rate 14.5%
Agriculture Products rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans
Currency Code baht (THB)
Child Labor - % of children ages 5-14 8%
Child Labor - # of children ages 5-14 818,399
Commercial Bank Prime Lending Rate 6.9%

Thailand Economy

Economic 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.

Labor Force by Occupation- As reported by Thailand

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2019 Edition