Macroeconomics
Source : Official
Statistics Registration Systems., Office of The National Economic and Social Development Board (http://www.nesdb.go.th/main.php?filename=macroeconomics), Ministry of Commerce (http://www.price.moc.go.th/price/cpi/index_new_e.asp), and Bank of Thailand (https://www.bot.or.th/English/Statistics/Indicators/Pages/default.aspx and https://www.bot.or.th/English/Statistics/FinancialMarkets/Pages/StatExchangeRate.aspx)Last updated: July 16, 2020
Facts about Thailand
| Population (2019) | 66.56 million |
| ASEAN Population | 649 million |
| Literacy Rate (age 6 and over can read and write) | 93% |
| Minimum Wage | 313 - 336 Baht/day |
| GDP (2019) | US$543.6 billion |
| GDP per Capita (2019) | US$7,841.9 |
| GDP Growth (2019) | 2.4% |
| GDP Growth (2020, projected) | (-6.0%) - (-5.0%) |
| Export Growth (2019) | -3.2% |
| Export Growth (2020, projected) | -8.0% |
| Trade Balance (2019) | US$26.6 billion |
| Current Account Balance (2019) | US$37.9 billion |
| International Reserves (2019) | US$224.3 billion |
| Industrial Capacity Utilization (2019) | 66.0% |
| Core Inflation (2019) | 0.5 |
| Headline Inflation (2019) | 0.7 |
| Consumer Price Index (June 2020) (2015=100) | 101.32 |
| Corporate Income Tax | 10-20% |
| Withholding Tax | 0-15% |
| Value Added Tax | 7% |
June 2020 Average Exchange Rates
| US$1 | 31.16 baht |
| €1 | 35.07 baht |
| £1 | 39.04 baht |
| 100 ¥ | 28.99 baht |
| CNY1 | 4.40 baht |
