Macroeconomics
Facts about Thailand
| Population (2021) |
66.17 million |
| ASEAN Population |
661 million |
| Literacy Rate (age 15 and over can read and write) |
93.8% |
| Minimum Wage |
313 - 336 Baht/day |
| GDP (2021) |
US$505.6 billion |
| GDP per Capita (2021) |
US$7,255 |
| GDP Growth (2021) |
1.5% |
| GDP Growth (2022, projected) |
2.7% - 3.2% |
| Export Growth (2021) |
19.2% |
| Export Growth (2022, projected) |
7.9% |
| Trade Balance (2021) |
US$39.9 billion |
| Current Account Balance (2021) |
US$-11.0 billion |
| International Reserves (2021) |
US$279.16 billion |
| Industrial Capacity Utilization (2021) |
63.00% |
| Core Inflation (2021) |
0.2 |
| Headline Inflation (2021) |
1.2 |
| Consumer Price Index (Aug 2022) (2019=100) |
107.46 |
| Corporate Income Tax |
10-20% |
| Withholding Tax |
0-15% |
| Value Added Tax |
7% |
Aug 2022 Average Exchange Rates
| US$1 |
35.88 baht |
| €1 |
36.29 baht |
| £1 |
42.99 baht |
| 100 ¥ |
26.56 baht |
| CNY1 |
5.28 baht |
Source : Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of ThailandLast updated: September 16th, 2022
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