Thailand: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Thailand has one of the lowest unemployment levels in the world, at less than 1%. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, Japan, and United States |
| Top Industries Source: CIA World Factbook | Tourism; Textiles and Garments; Agricultural Processing; Beverages |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,482,098,413,872 (2022) |
| GDP Growth Rate (annual %) | 2.595% (2022) |
| GDP Per Capita, PPP (current international) | $20,672 (2022) |
GDP Country Rank 23/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.077% (2022) |
| External debt stocks, total (DOD, current US$) | $210,982,125,439 (2021) |
| Total tax rate (% of commercial profits) | 29.5% (2019) |
| Real Interest Rate (5 year average %) | -1.501% (2022) |
| Manufacturing, value added (% of GDP) | 27.022% (2022) |
| Current Account Balance (BoP, current US$) | ($17,229,986,989) (2022) |
Labor and Employment [1]
| Labor Force, Total | 40,237,746 (2022) |
| Employment in Agriculture (% of total employment) | 31.591% (2021) |
| Employment in Industry (% of total employment) | 22.512% (2021) |
| Employment in Services (% of total employment) | 45.898% (2021) |
| Unemployment Rate | 0.862% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $337,467,665,324 (2022) |
| Exports of goods and services (current US$) | $325,859,926,389 (2022) |
| Total Merchandise Trade (% of GDP) | 119.162% (2022) |
| FDI, net inflows (BoP, current US$) | $10,196,091,866 (2022) |
| Commercial Service Exports (current US$) | $40,224,302,923 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Thailand’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.