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Macroeconomics

Macroeconomics

Facts about Thailand

Population (2024) 65.95 million
ASEAN Population 676.6 million
Literacy Rate (age 15 and over can read and write) 93.8%
Minimum Wage 337 - 400 Baht/day
GDP (2024) US$526.3 billion
GDP per Capita (2024) US$7,496.0
GDP Growth (2024) 2.5%
GDP Growth (2025, projected) 2.3% - 3.3%
Export Growth (2024) 5.8%
Export Growth (2025, projected) 3.5%
Trade Balance (2024) US$19.3 billion
Current Account Balance (2024) US$12.3 billion
International Reserves (Dec 2024) US$262.2 billion
Industrial Capacity Utilization (2024) 58.44%
Core Inflation (Jan 2025) 0.83%
Headline Inflation (Jan 2025) 1.32%
Consumer Price Index (Feb 2025) (2023=100) 100.55
Corporate Income Tax 10 - 20%
Withholding Tax 0 - 15%
Value Added Tax 7%

February 2025 Average Exchange Rates

US$1 33.94 baht
€1 35.49 baht
£1 42.72 baht
JPY100 22.58 baht
CNY1 4.70 baht

Source :  Office of The National Economic and Social Development Council, Ministry of CommerceDepartment Of Provincial Administration, and Bank of Thailand

Last updated: March 26th, 2025

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