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 (2019): China, Japan, and United States
Top 3 Exported Goods (2019): Industrial Machinery, Electrical Machinery, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Tourism; Textiles and Garments; Agricultural Processing; Beverages

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $1,343,720,208,937 (2021)
GDP Growth Rate (annual %) 1.566% (2021)
GDP Per Capita, PPP (current international) $19,209 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 21/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.23% (2021)
External debt stocks, total (DOD, current US$) $204,146,618,942 (2020)
Total tax rate (% of commercial profits) 29.5% (2019)
Real Interest Rate (5 year average %) 1.163% (2021)
Manufacturing, value added (% of GDP) 27.013% (2021)
Current Account Balance (BoP, current US$) ($10,582,479,406) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 39,052,564 (2021)
Employment in Agriculture (% of total employment) 31.16% (2020)
Employment in Industry (% of total employment) 22.515% (2020)
Employment in Services (% of total employment) 46.325% (2020)
Unemployment Rate 1.418% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $295,800,150,733 (2021)
Exports of goods and services (current US$) $294,590,722,736 (2021)
Total Merchandise Trade (% of GDP) 106.481% (2021)
FDI, net inflows (BoP, current US$) ($4,845,358,538) (2020)
Commercial Service Exports (current US$) $24,176,014,493 (2021)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank