THAILAND

 

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Thailand’s economy expanded by a low 0.9 percent in 2014 and is expected to pick up slightly in 2015-2017. The rate of recovery and reigniting economic growth, will depend on how fast Thailand can overcome factors constraining growth and promote a more inclusive growth model. Thailand’s economy expanded by a low 0.9 percent in 2014 and is expected to pick up slightly in 2015-2017. The rate of recovery and reigniting economic growth, will depend on how fast Thailand can overcome factors constraining growth and promote a more inclusive growth model. There are opportunities in the horizon, including expanding trade through enhanced integration with the global economy, bolstering growth by implementing transformative public investments to crowd-in private capital, stimulate domestic consumption, and improving quality of public services across the entire country.
 

 

 

At a Glance:

 

 

Country Name 

 

 

Kingdom of Thailand

 

 

Area

 

 

5,13,120 sq.km

 

 

Capital

 

 

Bangkok

 

 

Government type  

      

 

Constitutional monarchy

 

 

Administrative divisions    

       

 

76 provinces

 

 

National Holidays     

   

 

Birthday of King PHUMIPHON (BHUMIBOL), 5 December

 

 

Fiscal year    

  

 

1 October - 30 September

 

 

Currency

 

 

Baht (THB)

 

 

King

 

 

PHUMIPHON Adunyade (since 9 June 1946)

 

 

Prime Minister 

 

 

Prayut Chan-o-cha

 

 

Population       

 

 

67,976,405 (July 2015 est.)

 

 

Net migration rate

 

 

0 migrant(s)/1,000 populations (2015 est.)

 

 

GDP (purchasing power parity)

 

 

$985.5 billion (2014 est.)

 

 

GDP- composition by sector

   

 

Agriculture: 11.6%

industry: 32.6%

Services: 55.8% (2014 est.)

 

 

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; world's second-largest tungsten producer and third- largest tin producer 

 

 

Major Exports 

 

 

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.      

                                                          

 

Major Exports- Partners

 

 

China 11.9%, US 10.1%, Japan 9.7%, Hong Kong 5.8%, Malaysia 5.7%, Singapore 4.9%, Indonesia 4.8%, Australia 4.5% (2013)

 

 

Major Imports

 

 

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.

 

 

Major Importers Partners

 

 

Japan 16.4%, China 15%, UAE 6.9%, US 5.9%, Malaysia 5.3% (2013)

 

 

Natural resources      

 

 

Tin, rubber, natural gas, tungsten, tantalum, timber, lead, fish, gypsum, lignite, fluorite, arable land

 

 

Languages      

 

 

Thai (official) 90.7%, Burmese 1.3%, other 8%
English is a secondary language of the elite (2010 est.)

 

 

Ethnic groups 

 

 

Thai 95.9%, Burmese 2%, other 1.3%, unspecified 0.9% (2010 est.)

 

 

Climate

 

 

Tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid.        

                                                                                                                 

 

Location 

        

 

Southeastern Asia, bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma