Thailand Economic Statistics and Indicators
29, Apr 2016, EDT. Welcome to the Thailand economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Thailand › Change country
National or Regional Currency: Baht, THB
Year of data: 2014 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 67,741,401 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 513,120 sq km ; land: 510,890 sq km ; water: 2,230 sq km
Natural Resources: tin, rubber, natural gas, tungsten, tantalum, timber, lead, fish, gypsum, lignite, fluorite, arable land
Capital: name: Bangkok ; geographic coordinates: 13 45 N, 100 31 E ; time difference: UTC+7 (12 hours ahead of Washington, DC, during Standard Time)
With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand achieved steady growth due largely to industrial and agriculture exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods. Unemployment, at less than 1% of the labor force, stands as one of the lowest levels in the world, which puts upward pressure on wages in some industries. Thailand also attracts nearly 2.5 million migrant workers from neighboring countries. The Thai government in 2013 implemented a nation-wide 300 baht ($10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners. The Thai economy has weathered internal and external economic shocks in recent years. The global economic recession severely cut Thailand's exports, with most sectors experiencing double-digit drops. In late 2011 Thailand's recovery was interrupted by historic flooding in the industrial areas in Bangkok and its five surrounding provinces, crippling the manufacturing sector. The government approved flood mitigation projects worth $11.7 billion, which were started in 2012, to prevent similar economic damage, and an additional $75 billion for infrastructure over the following seven years. This was expected to lead to an economic upsurge but growth has remained slow, in part due to ongoing political unrest and resulting uncertainties. Spending on infrastructure will require re-approval once a new government is seated.
More on the Thailand Economy
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GDP (Constant Prices, National Currency) for Thailand in year 2014 is THB 5,088.28 Billion.
GDP (Current Prices, National Currency) for Thailand in year 2014 is THB 12,248.16 Billion.
GDP (Current Prices, US Dollars) for Thailand in year 2014 is US$ 380.491 Billion.
GDP Deflator for Thailand in year 2014 is 240.713 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Thailand in year 2014 is THB 178,665.64 .
GDP Per Capita (Current Prices, US Dollars) for Thailand in year 2014 is US$ 5,550.27 .
GDP (PPP), US Dollars for Thailand in year 2014 is US$ 990.093 Billion.
GDP Per Capita (PPP), US Dollars for Thailand in year 2014 is US$ 14,442.64 .
Investment (% of GDP) for Thailand in year 2014 is 26.986 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Thailand in year 2014 is 107.428 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Thailand in year 2014 is 107.862 (Index, Base Year 2000 = 100).
Population for Thailand in year 2014 is 68.554 Million .
General government revenue (National Currency) for Thailand in year 2014 is THB 2,635.00 Billions.
General government total expenditure (National Currency) for Thailand in year 2014 is THB 2,932.88 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Thailand in year 2014 is THB -297.879 Billions.
General Government Structural Balance (National Currency) for Thailand in year 2014 is THB -145.21 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Thailand in year 2014 is THB 12,102.04 Billions.
Current Account Balance (US Dollars) for Thailand in year 2014 is US$ 10.929 Billion.
|Number of Internet Users for Thailand|
|Internet Penetration Rate for Thailand|
|Number of Facebook Accounts for Thailand|
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|Corruption Perceptions Index Rank and Score for Thailand|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International