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) $1,342,165,126,131 (2019)
GDP Growth Rate (annual %) 2.355% (2019)
GDP Per Capita, PPP (current international) $19,277 (2019)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 19/196 (2019)

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 %) 0.707% (2019)
External debt stocks, total (DOD, current US$) $180,229,594,495 (2019)
Total tax rate (% of commercial profits) 29.5% (2019)
Real Interest Rate (5 year average %) 3.313% (2019)
Manufacturing, value added (% of GDP) 25.314% (2019)
Current Account Balance (BoP, current US$) $38,273,035,186 (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 39,046,373 (2020)
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 0.803% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $275,171,188,755 (2019)
Exports of goods and services (current US$) $324,875,159,433 (2019)
Total Merchandise Trade (% of GDP) 0% (2019)
FDI, net inflows (BoP, current US$) $6,130,101,142 (2019)
Commercial Service Exports (current US$) $81,601,036,320 (2019)
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