Macroeconomics
Facts about Thailand
| Population (2019) |
66.56 million |
| ASEAN Population |
661 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% |
| Export Growth (2019) |
-3.3% |
| Export Growth (2020, projected) |
-7.5% |
| Trade Balance (2019) |
US$26.7 billion |
| Current Account Balance (2019) |
US$38.4 billion |
| International Reserves (2019) |
US$224.3 billion |
| Industrial Capacity Utilization (2019) |
66.0% |
| Core Inflation (2019) |
0.7 |
| Headline Inflation (2019) |
0.7 |
| Consumer Price Index (Dec 2020) (2015=100) |
102.34 |
| Corporate Income Tax |
10-20% |
| Withholding Tax |
0-15% |
| Value Added Tax |
7% |
December 2020 Average Exchange Rates
| US$1 |
30.09 baht |
| €1 |
36.60 baht |
| £1 |
40.45 baht |
| 100 ¥ |
29.02 baht |
| CNY1 |
4.62 baht |
Source : Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of ThailandLast updated: January 8, 2021
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