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The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). [25] Thailand itself is a newly industrialized country, with a GDP of 17.367 trillion baht (US$495 billion) in 2022, the 9th largest economy in Asia. [26]
Thailand’s economy grew at an average annual rate of 7.5% in the boom years of 1960-1996 and 5% during 1999-2005 following the Asian Financial Crisis. This growth created millions of jobs that helped pull millions of people out of poverty.
The Economist Intelligence Unit provides analysis and forecasts for Thailand's economy, politics and risk. Learn about the new coalition government, the political reform, the tourism recovery and the GDP growth outlook.
Thai Economy. Economic and Monetary Conditions for May 2024. The Thai economy continued to expand despite slowing down from a good expansion in the previous month. The slowdown was attributed to decreased exports of goods, manufacturing production and private investment.
Jul 3, 2024 · Download executive summary [THAI] Key Findings. The economy is projected to recover in 2024 supported by sustained private consumption as well as tourism and goods exports recovery. Growth is projected to accelerate from 1.9 percent in 2023 to 2.4 percent in 2024.
GDP (current US$) - Thailand. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0.
The World Bank report projects a slow and uneven recovery of the Thai economy in 2021 and 2022, amid COVID-19 waves and low tourism. It also assesses the impact of the pandemic on employment, poverty, and social protection.
