| People | Thailand |
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Economy - overview:
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With a well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand appears to have fully recovered from the 1997-98 Asian Financial Crisis. The country was one of East Asia's best performers from 2002-04. Boosted by strong export growth, the Thai economy grew 4.5% in 2007. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. By 2007, the tourism sector had largely recovered from the major 2004 tsunami. Following the military coup in September 2006, investment and consumer confidence stagnated due to the uncertain political climate that lasted through the December 2007 elections. Foreign investor sentiment was further tempered by a 30% reserve requirement on capital inflows instituted in December 2006, and discussion of amending Thailand's rules governing foreign-owned businesses. Economic growth in 2007 was due almost entirely to robust export performance - despite the pressure of an appreciating currency. Exports have performed at record levels, rising nearly 17% in 2006 and 12% in 2007. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains. |
GDP (purchasing power parity):
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$519.9 billion (2007 est.) |
GDP (official exchange rate):
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$225.8 billion (2007 est.) |
GDP - real growth rate:
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4.5% (2007 est.) |
GDP - per capita (PPP):
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$8,000 (2007 est.) |
GDP - composition by sector:
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agriculture: 10.8%
industry: 45.3%
services: 43.8% (2007 est.) |
Investment (gross fixed):
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27.4% of GDP (2007 est.) |
Population below poverty line:
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10% (2004 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.7%
highest 10%: 33.4% (2002) |
Distribution of family income - Gini index:
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42 (2002) |
Inflation rate (consumer prices):
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2.2% (2007) |
Labor force:
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37.12 million (2007 est.) |
Labor force participation rate:
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56.68 % of population |
Labor force - by occupation:
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agriculture: 49%
industry: 14%
services: 37% (2000 est.) |
Unemployment rate:
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1.7% (2007 est.) |
Budget:
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revenues: $43.61 billion
expenditures: $48.18 billion (2007 est.) |
Budget revenues per capita:
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666 USD per capita |
Public debt:
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37.6% of GDP (2007 est.) |
Industries:
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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 |
Industrial production growth rate:
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4.6% (2007 est.) |
Electricity - production:
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124.6 billion kWh (2005) |
Electricity - production per capita:
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1,903 kWh per capita |
Electricity - consumption:
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117.7 billion kWh (2005) |
Electricity - consumption - per capita:
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1,798 kWh per capita |
Electricity - exports:
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642 million kWh (2005) |
Electricity - imports:
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4.419 billion kWh (2005) |
Oil - production:
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310,900 bbl/day (2005 est.) |
Oil - production per capita:
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4,748 bbl/day per capita |
Oil - consumption:
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929,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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5.18 bbl/year per capita |
Oil - exports:
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225,700 bbl/day (2004) |
Oil - imports:
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893,400 bbl/day (2004) |
Oil - proved reserves:
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291 million bbl (1 January 2006 est.) |
Natural gas - production:
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22.73 billion cu m (2005 est.) |
Natural gas - production per capita:
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348 cu m per capita |
Natural gas - consumption:
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31.23 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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477 cu m per capita |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
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8.497 billion cu m (2005) |
Natural gas - proved reserves:
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400.7 billion cu m (1 January 2006 est.) |
Agriculture - products:
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rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans |
Current account balance:
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$8.619 billion (2007 est.) |
Current account balance - per capita:
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132 USD per capita |
Exports:
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$143.1 billion f.o.b. (2007 est.) |
Exports per capita:
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2,185 USD per capita |
Exports - commodities:
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textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances |
Exports - partners:
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US 15%, Japan 12.6%, China 9%, Singapore 6.4%, Hong Kong 5.5%, Malaysia 5.1% (2006) |
Imports:
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$121.9 billion f.o.b. (2007 est.) |
Imports per capita:
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1,862 USD per capita |
Imports - commodities:
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capital goods, intermediate goods and raw materials, consumer goods, fuels |
Imports - partners:
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Japan 19.9%, China 10.6%, US 7.5%, Malaysia 6.6%, UAE 5.5%, Singapore 4.4% (2006) |
Reserves of foreign exchange and gold:
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$100 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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1,527 USD per capita |
Debt - external:
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$58.6 billion (30 June 2007) |
Debt - external - per capita:
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895 USD per capita |
Stock of direct foreign investment - at home:
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$69.06 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$5.605 billion (2006 est.) |
Market value of publicly traded shares:
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$139.6 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$171.1 million (2005) |
Economic aid - recipient per capita:
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3 USD per capita |
Currency (code):
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baht (THB) |
Exchange rates:
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baht per US dollar - 33.599 (2007), 37.882 (2006), 40.22 (2005), 40.222 (2004), 41.485 (2003) |
Fiscal year:
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1 October - 30 September |
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