ECON FACTBOOK

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Economy of Thailand

Population: 67 million in 2013¹

GDP: $387 billion in 2013²

GDP per capita: $5,779 nominal³ ($14,390 PPP⁴) in 2013

GDP growth rate: 1.8% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Manufacturing	108	29.7%
Other activities	95	25.9%
Wholesale, retail trade, restaurants and hotels	65	17.7%
Agriculture, hunting, forestry, fishing	42	11.4%
Transport, storage and communication	24	6.7%
Mining and utilities	22	6.0%
Construction	9	2.5%
Total value added	365	100%

Employment

Unemployment rate: 0.7% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Agriculture, forestry and fishing	16,385	41.9%
Wholesale trade, retail trade and repair of motor vehicles	5,736	14.7%
Manufacturing	5,414	13.8%
Construction	2,265	5.8%
Accommodation and food service	2,180	5.6%
Public administration and defence	1,610	4.1%
Education	1,130	2.9%
Transportation and storage	901	2.3%
Human health and social work	661	1.7%
Other service	617	1.6%
Finance and insurance	432	1.1%
Administrative and support service	408	1.0%
Professional, scientific and technical	252	0.6%
Arts, entertainment and recreation	240	0.6%
Information and communication	193	0.5%
Activities of households as employers	183	0.5%
Real estate	139	0.4%
Water supply, sewerage and waste management	110	0.3%
Electricity, gas, steam and air conditioning	104	0.3%
Not elsewhere classified	88	0.2%
Mining and quarrying	61	0.2%
Extraterritorial organizations and bodies	4	0.0%
Total employment	39,112	100%

Corporations

Top 1 Corporations by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 12/31/13	Industry
1	PTT	87	2.8	55	Oil and gas

* Corporate data calculated using the exchange rate 32.76 THB = 1 USD

Households

Household Wealth: $373 billion (96% of GDP) in 2014¹⁰

Household Wealth per Adult: $7,487 in 2014¹⁰

Gini Coefficient: .394 in 2010¹¹

Government

Central Government

Central Government Revenue: $81 billion (21% of GDP) in 2013¹²

Central Government Expenditure: $93 billion (24% of GDP) in 2013¹²

Central Government Budget Balance: -$12 billion (-3% of GDP) in 2013¹²

Central Government Public Debt: $120 billion (31% of GDP) in Jun 2014* ¹³

Central Government 10 Year Bond Interest Rate: 2.69% on Jan 14, 2015¹⁴

* Public debt calculated using the exchange rate 32.76 THB = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2012* ¹⁵

0%: $0-4,579
10%: $4,579-$15,263
20%: $15,263-$30,525
30%: $30,525-$122,100
37%: $122,100+

Corporate Tax Rate: 20%¹⁶

* Individual thresholds calculated using the exchange rate 32.76 THB = 1 USD

Monetary Policy

Money Supply (M0): $48 billion (12% of GDP) in Nov 2014* ¹⁷

Benchmark Interest Rate: 2.00% on Dec 17, 2014¹⁸

Total Reserves: $167 billion (43% of GDP) in 2013¹⁹

Exchange Rate: 32.76 Thai Bahts = 1 U.S. Dollar on Jan 14, 2015²⁰

Inflation: 2.2% in 2013²¹

* Money supply calculated using the exchange rate 32.76 THB = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013

N/A (data not available at Relbanks.com)²²

International Accounts

Exports: $225 billion (58% of GDP) in 2013²³

Imports: $219 billion (56% of GDP) in 2013²³

Trade Balance: +$6 billion (+2% of GDP) in 2013²³

Foreign Direct Investment Inflow: $13 billion (3% of GDP)in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References