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 (2016): China, Japan, and United States
Top 3 Exported Goods (2016): 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) $1,233,853,739,388 (2017)
GDP Growth Rate (annual %) 3.913% (2017)
GDP Per Capita, PPP (current international) $17,872 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 19/195 (2017)

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 %) 0.666% (2017)
External debt stocks, total (DOD, current US$) $129,764,967,304 (2017)
Total tax rate (% of commercial profits) 29.5% (2018)
Real Interest Rate (5 year average %) 2.047% (2017)
Manufacturing, value added (% of GDP) 27.092% (2017)
Current Account Balance (BoP, current US$) $50,211,141,986 (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 39,255,266 (2018)
Employment in Agriculture (% of total employment) 31.987% (2018)
Employment in Industry (% of total employment) 22.538% (2018)
Employment in Services (% of total employment) 45.475% (2018)
Unemployment Rate 1.268% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $248,735,673,162 (2017)
Exports of goods and services (current US$) $310,388,982,846 (2017)
Total Merchandise Trade (% of GDP) 100.913% (2017)
FDI, net inflows (BoP, current US$) $8,045,508,382 (2017)
Commercial Service Exports (current US$) $75,228,200,829 (2017)
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