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Makroökonomie

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$513.5 billion
GDP per Capita (2023) US$7,331.5
GDP Growth (2023) 1.9%
GDP Growth (2024, projected) 2.2% - 3.2%
Export Growth (2023) -1.7%
Export Growth (2024, projected) 2.9%
Trade Balance (2023) US$17.0 billion
Current Account Balance (2023) US$6.6 billion
International Reserves (May 2024) US$221.07 billion
Industrial Capacity Utilization (2023) 59.06%
Core Inflation (2023) 1.27
Headline Inflation (2023) 1.23
Consumer Price Index (May 2024) (2019=100) 108.84
Corporate Income Tax 10 - 20%
Withholding Tax 0 - 15%
Value Added Tax 7%

May 2024 Average Exchange Rates

US$1 36.63 baht
€1 39.58 baht
£1 46.28 baht
JPY100 23.51 baht
CNY1 5.07 baht

Source :  Office of The National Economic and Social Development Council, Ministry of Commerce, and Bank of Thailand

Last updated: June 12th, 2024

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