Economy - overview:
With a well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies Thailand historically has had a strong economy, but it experienced slow growth in 2013-15 as a result of domestic political turmoil and sluggish global demand, which curbed Thailand’s traditionally strong exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods. Following the May 2014 coup d'etat, tourism decreased 6-7% but is beginning to recover. Thailand faces labor shortages, and has attracted an estimated 2-4 million migrant workers from neighboring countries. The Thai government in 2013 implemented a nation-wide 300 baht ($10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners. The household debt to GDP ratio is over 80%. The Thai baht depreciated more than 8% during 2015.

GDP (purchasing power parity):
$1.107 trillion (2015 est.) $1.08 trillion (2014 est.) $1.071 trillion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 22
[see also: GDP country ranks ]

GDP (official exchange rate):
$373.5 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.5% (2015 est.) 0.9% (2014 est.) 2.8% (2013 est.)
country comparison to the world: 119
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$16,100 (2015 est.) $15,700 (2014 est.) $15,600 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 100
[see also: GDP - per capita country ranks ]

Gross national saving:
30.9% of GDP (2015 est.) 27.4% of GDP (2014 est.) 26.5% of GDP (2013 est.)
country comparison to the world: 18
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 17.1%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 25.3%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: -0.2%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 67.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -62.6% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 10.4%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 37.7%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 51.9% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
rice, cassava (manioc, tapioca), rubber, corn, sugarcane, coconuts, palm oil, pineapple, livestock, fish products

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, agricultural machinery, air conditioning and refrigeration, ceramics, aluminum, chemical, environmental management, glass, granite and marble, leather, machinery and metal work, petrochemical, petroleum refining, pharmaceuticals, printing, pulp and paper, rubber, sugar, rice, fishing, casava, world's second-largest tungsten producer and third-largest tin producer

Industrial production growth rate:
4% (2015 est.)
country comparison to the world: 60
[see also: Industrial production growth rate country ranks ]

Labor force:
39.12 million (2015 est.)
country comparison to the world: 17
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 32.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 16.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 51.1% (2014 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
1% (2015 est.) 0.8% (2014 est.)
country comparison to the world: 5
[see also: Unemployment rate country ranks ]

Population below poverty line:
12.6% (2012 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 31.5% (2009 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
48.4 (2011) 49 (2009)
country comparison to the world: 25
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $71.48 billion
[see also: Budget revenues country ranks ]
expenditures: $80.54 billion (2015 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
19.1% of GDP (2015 est.)
country comparison to the world: 166
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.4% of GDP (2015 est.)
country comparison to the world: 87
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
50.6% of GDP (2015 est.) 46.3% of GDP (2014 est.)
note: data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are sold at public auctions
country comparison to the world: 79
[see also: Public debt country ranks ]

Fiscal year:
1 October - 30 September

Inflation rate (consumer prices):
-0.8% (2015 est.) 1.9% (2014 est.)
country comparison to the world: 11
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
2% (31 December 2014) 2.25% (31 December 2013)
country comparison to the world: 114
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
6.6% (31 December 2015 est.) 6.77% (31 December 2014 est.)
country comparison to the world: 125
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$49.13 billion (31 December 2015 est.) $51.04 billion (31 December 2014 est.)
country comparison to the world: 51
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$517.4 billion (31 December 2014 est.) $524.8 billion (31 December 2013 est.)
country comparison to the world: 22
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$494 billion (31 December 2015 est.) $509 billion (31 December 2014 est.)
country comparison to the world: 25
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$313.8 billion (31 December 2014 est.) $383.2 billion (31 December 2013) $245 billion (31 December 2012 est.)
country comparison to the world: 28
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$23.21 billion (2015 est.) $13.41 billion (2014 est.)
country comparison to the world: 14
[see also: Current account balance country ranks ]

Exports:
$214.8 billion (2015 est.) $224.8 billion (2014 est.)
country comparison to the world: 23
[see also: Exports country ranks ]

Exports - commodities:
automobiles and parts, computer and parts, jewelry and precious stones, polymers of ethylene in primary forms, refine fuels, electronic integrated circuits, chemical products, rice, fish products, rubber products, sugar, cassava, poultry, machinery and parts, iron and steel and their products

Exports - partners:
China 11%, US 10.5%, Japan 9.6%, Malaysia 5.6%, Hong Kong 5.5%, Singapore 4.6%, Indonesia 4.2%, Australia 4.1% (2014)

Imports:
$196.4 billion (2015 est.) $200.2 billion (2014 est.)
country comparison to the world: 24
[see also: Imports country ranks ]

Imports - commodities:
machinery and parts, crude oil, electrical machinery and parts, chemicals, iron & steel and product, electronic integrated circuit, automobile’s parts, jewelry including silver bars and gold, computers and parts, electrical household appliances, soybean, soybean meal, wheat, cotton, dairy products

Imports - partners:
China 16.9%, Japan 15.6%, US 6.4%, Malaysia 5.6%, UAE 5.6% (2014)

Reserves of foreign exchange and gold:
$148.6 billion (31 December 2015 est.) $157.1 billion (31 December 2014 est.)
country comparison to the world: 16
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$140.7 billion (31 December 2014 est.) $141.9 billion (31 December 2013 est.)
country comparison to the world: 45
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$219.4 billion (31 December 2015 est.) $207.9 billion (31 December 2014 est.)
country comparison to the world: 27
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$81.46 billion (31 December 2015 est.) $73.46 billion (31 December 2014 est.)
country comparison to the world: 36
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
baht per US dollar - 34.1 (2015 est.) 32.48 (2014 est.) 32.48 (2013 est.) 31.08 (2012 est.) 30.49 (2011 est.)