| Introduction - Thailand: |
| Location - Thailand: |
| People - Thailand: |
| Government - Thailand: |
| Economy - Thailand: |
Economy overview | With a well-developed infrastructure, a free-enterprise economy, and pro-investment policies, Thailand appears to have fully recovered from the 1997-98 Asian Financial Crisis. The country was one of East Asias best performers from 2002-04. Boosted by increased consumption and strong export growth, the Thai economy grew 6.9% in 2003 and 6.1% in 2004 despite a sluggish global economy. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. In late December 2004, a major tsunami took 8,500 lives in Thailand and caused massive destruction of property in the southern provinces of Krabi, Phangnga, and Phuket. In 2006, investment stagnated as investors, spooked by the THAKSIN administrations political problems, stayed on the sidelines. The military coup in September brought in a new economic team led by the former central bank governor. In December, the Thai Board of Investment reported the value of investment applications from January to November had declined by 27% year-on-year. On the positive side, exports have performed at record levels, rising nearly 17% in 2006. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains. |
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Gdp purchasing power parity | $596.5 billion (2006 est.) |
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Gdp official exchange rate | $197.7 billion (2006 est.) |
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Gdp real growth rate | 4.8% (2006 est.) |
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Gdp per capita ppp | $9,200 (2006 est.) |
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Gdp composition by sector | agriculture: 10%
industry: 44.9%
services: 45.2% (2006 est.) |
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Labor force | 36.41 million (2006 est.) |
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Labor force by occupation | agriculture: 49%
industry: 14%
services: 37% (2000 est.) |
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Unemployment rate | 2.1% (2006 est.) |
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Population below poverty line | 10% (2004 est.) |
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Household income or consumption by percentage share | lowest 10%: 2.8%
highest 10%: 32.4% (1998) |
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Distribution of family income gini index | 51.1 (2002) |
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Inflation rate consumer prices | 5.1% (2006 est.) |
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Investment gross fixed | 28.7% of GDP (2006 est.) |
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Budget | revenues: $40.31 billion
expenditures: $40.34 billion; including capital expenditures of $5 billion (2006 est.) |
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Public debt | 43.5% of GDP (2006 est.) |
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Agriculture products | rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans |
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Industries | 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; worlds second-largest tungsten producer and third-largest tin producer |
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Industrial production growth rate | 6% (2006 est.) |
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Electricity production | 121.7 billion kWh (2004) |
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Electricity consumption | 116.2 billion kWh (2004) |
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Electricity exports | 372 million kWh (2004) |
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Electricity imports | 3.388 billion kWh (2004) |
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Oil production | 230,000 bbl/day (2005 est.) |
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Oil consumption | 900,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 583.4 million bbl (1 January 2005) |
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Natural gas production | 22.36 billion cu m (2004 est.) |
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Natural gas consumption | 29.86 billion cu m (2004 est.) |
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Natural gas exports | 0 cu m (2004 est.) |
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Natural gas imports | 7.5 billion cu m (2004 est.) |
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Natural gas proved reserves | 377.7 billion cu m (1 January 2005 est.) |
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Current account balance | -$899.4 million (2006 est.) |
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Exports | $123.5 billion f.o.b. (2006 est.) |
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Exports commodities | textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances |
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Exports partners | US 15%, Japan 12.7%, China 9%, Singapore 6.4%, Hong Kong 5.5%, Malaysia 5.1% (2006) |
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Imports | $119.3 billion f.o.b. (2006 est.) |
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Imports commodities | capital goods, intermediate goods and raw materials, consumer goods, fuels |
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Imports partners | Japan 20.1%, China 10.6%, US 6.7%, Malaysia 6.6%, UAE 5.6%, Singapore 4.5% (2006) |
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Reserves of foreign exchange and gold | $59.06 billion (2006 est.) |
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Debt external | $57.83 billion (30 June 2006 est.) |
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Economic aid recipient | $72 million (2002) |
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Currency code | baht (THB) |
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Exchange rates | baht per US dollar - 37.882 (2006), 40.22 (2005), 40.222 (2004), 41.485 (2003), 42.96 (2002) |
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| Communications - Thailand: |
| Transportation - Thailand: |
| Military - Thailand: |
This page was last updated on 16 September, 2007
