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Macroeconomics

Macroeconomics

Facts about Thailand

Population (2018) 66.41 million
ASEAN Population 639 million
Literacy Rate (age 6 and over can read and write) 93%
Minimum Wage 308 - 330 Baht/day
GDP (2018) US$505 billion
GDP per Capita (2018) US$7,445.4
GDP Growth (2018) 4.1%
GDP Growth (2019, projected) 3.3% - 3.8%
Export Growth (2018) 7.2%
Export Growth (2019, projected) 4.1%
Trade Balance (2018) US$22.3 billion
Current Account Balance (2018) US$35.2 billion
International Reserves (2018) US$205.6 billion
Capacity Utilization Rate (2018) 69.76%
Core Inflation (2018) 0.7
Headline Inflation (2018) 1.1
Consumer Price Index (Oct 2019) (2015=100) 102.74
Corporate Income Tax 10-20%
Withholding Tax 0-15%
Value Added Tax 7%

October 2019 Average Exchange Rates

US$1 30.37 baht
€1 33.52 baht
£1 38.30 baht
100 ¥ 28.09 baht
CNY1 4.28 baht
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:  31 October 2019

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