Macroeconomics
Facts about Thailand
| Population (2021) |
66.17 million |
| ASEAN Population |
661 million |
| Literacy Rate (age 15 and over can read and write) |
93.8% |
| Minimum Wage |
313 - 336 Baht/day |
| GDP (2021) |
US$505.6 billion |
| GDP per Capita (2021) |
US$7,255.5 |
| GDP Growth (2021) |
1.6% |
| GDP Growth (2022, projected) |
3.5% - 4.5% |
| Export Growth (2021) |
18.8% |
| Export Growth (2022, projected) |
4.9% |
| Trade Balance (2021) |
US$40.0 billion |
| Current Account Balance (2021) |
US$-10.9 billion |
| International Reserves (2021) |
US$279.16 billion |
| Industrial Capacity Utilization (2021) |
63.00% |
| Core Inflation (2021) |
0.2 |
| Headline Inflation (2021) |
1.2 |
| Consumer Price Index (March 2022) (2019=100) |
104.79 |
| Corporate Income Tax |
10-20% |
| Withholding Tax |
0-15% |
| Value Added Tax |
7% |
March 2022 Average Exchange Rates
| US$1 |
33.24 baht |
| €1 |
36.62 baht |
| £1 |
43.81 baht |
| 100 ¥ |
28.08 baht |
| CNY1 |
5.24 baht |
Source : Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of ThailandLast updated: April 20th, 2022
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