- Thailand in Brief
-
Success Stories
- The Next-generation Automotive
- The Intelligent Electronics
- Advanced Agriculture and Biotechnology Enterprises
- Food Processing Industries
- Tourism
- Advanced Robotics for Industrial and Domestic Use
- Medical Hub & Total Healthcare Services
- Biofuels and Biochemical Industries
- An Integrated Aviation
- Digital Technology
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Business Opportunities
- Business Opportunities
- Aerospace Industry
- Alternative Energy
- Automotive Industry
- Automation & Robotics
- Bioeconomy
- Biopharmaceutical Industry
- Bio-plastics Industry
- Data Center and Cloud Service
- Digital, Creative, and Startup Ecosystem
- Electric Vehicle Services
- Food Industry
- High Value-added Services
- Machinery Industry
- Medical Device
- Medical Hub
- Rubber Industry
- Smart E&E Industry
- Textile Industry
- Business Opportunities
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Macroeconomics
Facts about Thailand
Population (2023) | 66.05 million |
ASEAN Population | 671.7 million |
Literacy Rate (age 15 and over can read and write) | 93.8% |
Minimum Wage | 330 - 400 Baht/day |
GDP (2023) | US$514.8 billion |
GDP per Capita (2023) | US$7,349.6 |
GDP Growth (2023) | 1.9% |
GDP Growth (2024, projected) | 2.0% - 3.0% |
Export Growth (2023) | -1.7% |
Export Growth (2024, projected) | 2.0% |
Trade Balance (2023) | US$17.0 billion |
Current Account Balance (2023) | US$243 billion |
International Reserves (Nov 2024) | US$264.5 billion |
Industrial Capacity Utilization (2023) | 59.06% |
Core Inflation (2023) | 1.27 |
Headline Inflation (2023) | 1.23 |
Consumer Price Index (Nov 2024) (2019=100) | 108.47 |
Corporate Income Tax | 10 - 20% |
Withholding Tax | 0 - 15% |
Value Added Tax | 7% |
November 2024 Average Exchange Rates
US$1 | 34.61 baht |
€1 | 36.97 baht |
£1 | 44.35 baht |
JPY100 | 22.77 baht |
CNY1 | 4.85 baht |
Source : Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of Thailand
Last updated: December 12th, 2024