Macroeconomics
Facts about Thailand
| Population (2020) |
66.19 million |
| ASEAN Population |
661 million |
| Literacy Rate (age 6 and over can read and write) |
93% |
| Minimum Wage |
313 - 336 Baht/day |
| GDP (2020) |
US$501.6 billion |
| GDP per Capita (2020) |
US$7,216.6 |
| GDP Growth (2020) |
-6.1% |
| GDP Growth (2021, projected) |
0.7% - 1.2% |
| Export Growth (2020) |
-6.5% |
| Export Growth (2021, projected) |
16.3% |
| Trade Balance (2020) |
US$40.9 billion |
| Current Account Balance (2020) |
US$17.6 billion |
| International Reserves (2020) |
US$286.48 billion |
| Industrial Capacity Utilization (2020) |
60.98% |
| Core Inflation (2020) |
0.3 |
| Headline Inflation (2020) |
-0.8 |
| Consumer Price Index (Aug 2021) (2019=100) |
99.63 |
| Corporate Income Tax |
10-20% |
| Withholding Tax |
0-15% |
| Value Added Tax |
7% |
August 2021 Average Exchange Rates
| US$1 |
33.12 baht |
| €1 |
38.98 baht |
| £1 |
45.70 baht |
| 100 ¥ |
30.18 baht |
| CNY1 |
5.12 baht |
Source : Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of ThailandLast updated: September 23, 2021
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