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Macroeconomics

Macroeconomics

Facts about Thailand

Population (2017) 66.19 million
ASEAN Population 639 million
Literacy Rate 98%
Minimum Wage 308 - 330 Baht/day
GDP (2017) US$455.3 billion
GDP per Capita (2017) US$6,730.2
GDP Growth (2017) 3.9%
GDP Growth (2018, projected) 4.2% - 4.7%
Export Growth (2017) 9.8%
Export Growth (2018, projected) 10.0%
Trade Balance (2017) US$34.2 billion
Current Account Balance (2017) US$51.1 billion
International Reserves (2017) US$202.6 billion
Capacity Utilization Rate (2017) 67.12%
Core Inflation (2017) 0.6
Headline Inflation (2017) 0.7
Consumer Price Index (Aug 2018) (2015=100) 102.27
Corporate Income Tax 10-20%
Withholding Tax 0-15%
Value Added Tax 7%

August 2018 Average Exchange Rates

US$1 33.02 baht
€1 38.16 baht
£1 42.57 baht
100 ¥ 29.73 baht
CNY1 4.83 baht
Last updated: August 30, 2018
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)

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