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macroéconomie

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 328 - 354 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 (2022) US$216.6 billion
Industrial Capacity Utilization (2023) 59.06%
Core Inflation (2023) 1.27
Headline Inflation (2023) 1.23
Consumer Price Index (Jan 2024) (2019=100) 106.98
Corporate Income Tax 10 - 20%
Withholding Tax 0 - 15%
Value Added Tax 7%

Feb 2024 Average Exchange Rates

US$1 36.02 baht
€1 39.05 baht
£1 45.71 baht
100 ¥ 24.36 baht
CNY1 5.05 baht

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

Last updated: February 29th, 2024

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