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Macroeconomics
Source: Bank of Thailand
Key Economic Figures
GDP (2024)
526 USD Billion
GDP per Capita (2024)
7497.5 USD/Year
GDP Growth
2024
2.5%
2025
2%
GDP Growth
GDP Growth (projected)
Unemployment
Dec 2023
0.8%
Inflation
(2023)
1.2%
Source: National Statistical Office, MDES
Investment Growth
2022
2.3%
2023
1.2%
Export Value Growth
2022
5.4%
2023
-1.7%
Market Profile
(2023)
66.04
Million
Minimum Wage
THB 330-370
US$ Approximate
USD 9.17 - 10.29
Source: Ministry of Labour
Export Figures
Export value (USD million)
Jan-Dec 2022: 293,602.04
Jan-Dec 2023: 289,236.08
Jan-Sep 2024: 234,652.72
Top 10 Exports (Jan-Sep 2024)
| Goods / Products | Value (US$ million) |
Share |
|---|---|---|
| Vehicles and Parts | 24,484.99 | 10.43% |
| Computers and Parts | 18,469.47 | 7.87% |
| Jewelry Products | 13,063.06 | 5.57% |
| Rubber Products | 10,707.83 | 4.56% |
| Machinery and Parts | 7,832.52 | 3.34% |
| Refined Fuel | 7,239.77 | 3.09% |
| Plastic Pellets | 6,948.86 | 2.96% |
| Integrated Circuits | 6,699.58 | 2.86% |
| Chemical Products | 6,495.81 | 2.77% |
| Teleprinters & Phones | 6,275.76 | 2.67% |
Top 10 Export Markets (Jan-Sep 2024)
| Rank | Value (USD Million) |
Share |
|---|---|---|
United States
|
42,694.67 | 18.19% |
China
|
27,795.13 | 11.85% |
Japan
|
13,314.88 | 7.81% |
Malaysia
|
9,852.23 | 4.20% |
Australia
|
9,779.98 | 4.17% |
Hong Kong
|
9,019.20 | 3.84% |
Vietnam
|
9,001.69 | 3.84% |
India
|
8,950.45 | 3.81% |
Singapore
|
8,200.12 | 3.50% |
Indonesia
|
7,150.88 | 3.05% |
Exchange Rates
(As of 31 October 2024) THB 33.91
THB 44.15
THB 36.95
THB 22.39 (100 Yen)
THB 4.80
Tax Rate
- Corporate Income Tax: 0 - 20%
- Personal Income Tax: 5 - 35%
- VAT: 7%
- Witholding Tax: 1 - 15%
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