Economy of Thailand
Population: 69.43 M (2018)
GDP per Capita: 7,274 USD (2018)
504,990 M.

GDP USD

(2018)

Display Chart
337,430 M.

EXPORTS USD

(2018)

Display Chart
285,260 M.

IMPORTS USD

(2018)

Display Chart
41.24 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.13 % (2018)
GDP of 2010 USD USD 441.70 B. (2018)
GDP Current USD USD 504.99 B. (2018)
GDP per Capita Current USD USD 7,274 (2018)
GDP per capita, PPP USD 16,905 (2018)
GDP per Capita, 2010 USD USD 6,362 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.16 % (2018)
Government Spending USD 81.62 B. (2018)
Government Debt % GDP 41.24 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 100.46 (2018)
Trade Openness 123.31 % (2018)
Exports of Goods and Services % GDP 66.82 % (2018)
Exports Goods & Services USD 337.43 B. (2018)
Exports Annual Growth 4.19 % (2018)
Imports as % GDP 56.49 % (2018)
Total Imports USD 285.26 B. (2018)
Foreign Direct Investment % GDP 2.65 % (2018)
Foreign Direct Investment USD 13.25 B. (2018)
Current Account Balance % GDP USD 6.41 % (2018)
Current Account Balance USD 32.39 B. (2018)
Trade Balance % GDP 10.33 % (2018)
Trade Balance USD 48.55 B. (2018)
Foreign Exchange Reserves incl Gold USD 205.64 B. (2018)
Remittances % GDP 1.48 % (2018)
Remittances USD 5,348 M. (2018)
Balance of Payments USD 3,001 M. (2014)

Labor Market

Indicator Value
Labor Force 38.92 M. (2019)
Unemployment Rate 0.69 % (2019)
Unemployment Rate Females 0.74 % (2019)
Unemployment Rate Males 0.76 % (2019)
Youth Unemployment (ages 15-24) 3.65 % (2019)
Labor Force Participation Rate 67.20 % (2019)
Labor Force (Percent Female) 45.60 % (2019)
Female Labor Force Participation Rate 59.15 % (2019)
Male Labor Force Participation Rate 75.87 % (2019)
Dependent People 40.82 % (2018)

Agriculture Sector

Indicator Value
Forest Area 32.20 % (2016)
Forest Area km² 164,290 km² (2016)
Agricultural Land 43.28 % (2016)
Agricultural Land km² 221,100 km² (2016)
Employment 30.43 % (2019)
Value added % GDP 8.12 % (2018)
Agriculture Value added USD 40.99 B. (2018)
Crop Production Index 115.70 (2016)
Precipitation 1,622 mm (2014)
Arable Land 33 % (2016)
Cereal Yield 3,240 kg/hectare (2017)
Food production index 115 (2016)
Rural Population 50 % (2018)
Fertilizer use of Arable Land 162 kg/hectare (2016)
Livestock Production Index 131 (2016)
Economy of Thailand

According to the World Bank and its latest published data, the economy of the Thailand presents a growth rate of 4.13 % (2018) to the previous year.

With a population that reaches 69.43 M (2018) and a gross domestic product of USD 504.99 B. (2018), it translates a Gross Domestic Product per Capita of USD 7,274 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Thailand also has a workforce of 38.92 M. (2019) with an unemployment rate of 0.69 % (2019), where women represent 0.74 % (2019) and men 0.76 % (2019), the unemployment rate for young people between 15-24 years old stood at 3.65 % (2019). The total number of dependent people stands at 40.82 % (2018).

The central government spent 16.16 % (2018) of its gross domestic product that year, which in absolute terms is USD 81.62 B. (2018). Its consolidated public debt reached 41.24 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Thailand exported USD 337.43 B. (2018), which represents 66.82 % (2018) of its gross domestic product, in that same sense its imports reached USD 285.26 B. (2018) with a direct foreign investment of USD 13.25 B. (2018).

Thailand has a forest area of 164,290 km² (2016), which represents 32.20 % (2016) of its total area, an average rainfall of 1,622 mm (2014) per year and a population of 50 % (2018) living in rural areas. With a total area of 221,100 km² (2016) available for agriculture and 30.43 % (2019) of its employments, the agricultural sector contributes to the economy of the Thailand about USD 40.99 B. (2018) (8.12 % (2018) of its GDP).