🌐 Entity
Economy of Thailand
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Fiscal Policy (1)
- Economic Constraints (1)
- Public Debt (1)
🏷️ Keywords
Thailand economy (1) · fiscal policy (1) · public debt (1) · Finance Minister Pichai (1) · economic stimulus (1)
📖 Key Information
The economy of Thailand is dependent on exports, which accounted for about 58 percent of the country's gross domestic product (GDP) in 2021. Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the baht, is ranked as the tenth most frequently used world payment currency in 2017.
