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CompareEconomy.com Comparison of world economies

Thailand

World Rank 41 3.74 Thailand flag svg
Capital
Area
Currency
Bangkok
513,120 km 2
Baht (THB)

Table of Contents

Introduction

The Kingdom of Thailand was earlier on known as Siam. It is a nation that plays a crucial role in Southeast Asia where it is located. Since it is at the centre of the Indochinese Peninsula, it is bordered by many different nations, including Myanmar, Laos, Cambodia and Malaysia. Interestingly, they also share maritime borders with Vietnam, Indonesia, and India. It is important to know that in spite of being a constitutional monarchy, there have been several coups and periods of dictatorships enforced by military groups.

Economy

In spite of its political troubles, the economy of Thailand has been steadily growing throughout recent years. As of 2019, its GDP (with PPP factor taken into account), was at around $1.342 trillion. As a result of that, Thailand was the sixth largest economy in the region of East Asia and Pacific.

In terms of GDP per capita, It is a bit over the average in the region with the value of $19,276, according to the data provided by The World Bank in 2019. It is; however, a relatively low number, especially if we include city-states and administrative regions. In this respect, the GDP per capita in Thailand is only 10th in the region.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#24 (2021)
505,947,037,098 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#99 (2021)
-1,212,617,779 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#171 (2021)
0.99 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)