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Thailand Economy 2011
https://theodora.com/wfb2011/thailand/thailand_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand enjoyed solid growth from 2000 to 2008 - averaging more than 4% per year - as it recovered from the Asian financial crisis of 1997-98. Thai exports - mostly machinery and electronic components, agricultural commodities, and jewelry - continue to drive the economy, accounting for more than half of GDP. The global financial crisis of 2008-09 severely cut Thailand's exports, with most sectors experiencing double-digit drops. In 2009, the economy contracted 2.2%. In 2010, Thailand's economy expanded 7.6%, its fastest pace since 1995, as exports rebounded from their depressed 2009 level. Antigovernment protests during March-May and the country's polarized political situation had - at most - a temporary impact on business and consumer confidence. Although tourism was hit hard during the protests, its quick recovery helped boost consumer confidence to new highs. Moreover, business and investor sentiment remained buoyant as Thailand's stock market grew almost 5% during the three-month period. The economy probably will continue to experience high grow well into 2011.

GDP (purchasing power parity):
$580.3 billion (2010 est.)
country comparison to the world: 25

$539.3 billion (2009 est.)
$551.5 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$312.6 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7.6% (2010 est.)
country comparison to the world: 14

-2.2% (2009 est.)
2.5% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$8,700 (2010 est.)
country comparison to the world: 119

$8,100 (2009 est.)
$8,300 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 10.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 44% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
38.7 million (2009 est.)
country comparison to the world: 16
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 42.4%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 37.9% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
1.2% (2010 est.)
country comparison to the world: 7

1.5% (2009)
[see also: Unemployment rate country ranks ]

Population below poverty line:
9.6% (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 33.7% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
43 (2006)
country comparison to the world: 50

42 (2002)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
24.9% of GDP (2009 est.)
country comparison to the world: 45
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $56.33 billion
[see also: Budget - revenues country ranks ]
expenditures: $56.87 billion (FY10 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
42.3% of GDP (2010 est.)
country comparison to the world: 63

44.9% of GDP (2009)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
3.3% (2010 est.)
country comparison to the world: 97

-0.9% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.75% (31 December 2010)
country comparison to the world: 134

1.25% (31 December 2009)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
6.1% (31 December 2010)
country comparison to the world: 140

5.96% (31 December 2009)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$38 billion (31 December 2010 est)

$34.26 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$354.5 billion (31 December 2010 est.)

$309.7 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$336 billion (31 December 2010 est.)
country comparison to the world: 31

$292.4 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$138.2 billion (31 December 2009)
country comparison to the world: 35

$102.6 billion (31 December 2008)
$196 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans

Industries:
tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts; world's second-largest tungsten producer and third-largest tin producer

Industrial production growth rate:
14.5% (2009 est.)
country comparison to the world: 5
[see also: Industrial production growth rate country ranks ]

Electricity - production:
148.2 billion kWh (2008 est.)
country comparison to the world: 24
[see also: Electricity - production country ranks ]

Electricity - consumption:
134.4 billion kWh (2008 est.)
country comparison to the world: 24
[see also: Electricity - consumption country ranks ]

Electricity - exports:
846 million kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
2.313 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
380,000 bbl/day (2009 est.)
country comparison to the world: 34
[see also: Oil - production country ranks ]

Oil - consumption:
356,000 bbl/day (2009 est.)
country comparison to the world: 36
[see also: Oil - consumption country ranks ]

Oil - exports:
269,100 bbl/day (2009 est.)
country comparison to the world: 44
[see also: Oil - exports country ranks ]

Oil - imports:
1.695 million bbl/day (2009 est.)
country comparison to the world: 13
[see also: Oil - imports country ranks ]

Oil - proved reserves:
430 million bbl (1 January 2010 est.)
country comparison to the world: 50
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
28.76 billion cu m (2008 est.)
country comparison to the world: 27
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
37.31 billion cu m (2008 est.)
country comparison to the world: 22
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 111
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
8.55 billion cu m (2008 est.)
country comparison to the world: 24
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
342 billion cu m (1 January 2010 est.)
country comparison to the world: 38
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$12.29 billion (2010 est.)
country comparison to the world: 22

$21.86 billion (2009)
[see also: Current account balance country ranks ]

Exports:
$191.3 billion (2010 est.)
country comparison to the world: 26

$151.9 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances

Exports - partners:
US 10.9%, China 10.6%, Japan 10.3%, Hong Kong 6.2%, Australia 5.6%, Malaysia 5%, Singapore 4.97% (2009)

Imports:
$156.9 billion (2010 est.)
country comparison to the world: 27

$118 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
capital goods, intermediate goods and raw materials, consumer goods, fuels

Imports - partners:
Japan 18.7%, China 12.7%, Malaysia 6.4%, US 6.3%, UAE 5%, Singapore 4.3%, South Korea 4.1% (2009)

Reserves of foreign exchange and gold:
$176.1 billion (31 December 2010 est.)
country comparison to the world: 10

$138.4 billion (31 December 2009)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$82.5 billion (31 December 2010 est.)
country comparison to the world: 42

$70.3 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$117.9 billion (31 December 2010 est.)
country comparison to the world: 29

$109.6 billion (31 December 2009)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$20.3 billion (31 December 2010 est.)
country comparison to the world: 41

$18.2 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
baht per US dollar - 31.663 (2010), 34.286 (2009), 33.37 (2008), 34.52 (2007), 37.882 (2006)


NOTE: The information regarding Thailand on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Thailand Economy 2011 information contained here. All suggestions for corrections of any errors about Thailand Economy 2011 should be addressed to the CIA.



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