Thailand country overview
Before we discuss Thailand GDP, First we discuss Thailand’s country overview. Thailand’s official name is the Kingdom of Thailand. It is located in Southeast Asia. Its capital and largest city name are Bangkok.
Thailand’s official language is Thai. Its other regional languages are Isan, Kam Mueang, Pak Tai and Malay. When we talk about its ethnic groups, so Thai is 86%, Khmer is 3%, and 9% others. In religion, Buddhism 93%, Islam 5.5%, Christianity 1.1% and others.
When we talk about its government system, so its government system is the Unitary parliamentary constitutional monarchy and a military dictatorship. Thailand’s monarch name is Vajiralongkorn. Its prime minister name is Prayut Chan-o-cha.
Its legislature name is National Assembly. Its national assembly has two houses called the Upper house and Lower house. The upper house name is Senate and the Lower house name is House of Representatives. Thailand’s total area is 513,130 km2.
Its total area rank is 50th in the world. Its total population is 69,950,900 in the year 2021. Its population rank is 20th in the world. Its population density is 132 / km2. Thailand’s population density rank is 88th in the world.
Thailand Economy overview
Thailand’s currency is called the Thai baht. Its fiscal year is between 1 Oct and 30 Sept. Thailand’s is generally called the Developing or emerging country and the Upper-middle income economy country.
The inflation rate in Thailand is -1% in the year 2020. When we talk about poverty in Thailand, so 10% of Thailand’s population live below the poverty line in the year 2018. In Human development, Thailand’s Human Development Index rate is 0.765 in the year 2018.
This HDI is considered high in the world. Thailand’s HDI rank is 77th in the world. Thailand’s total labour force is 38,917,500 in the year 2019. The unemployment rate in Thailand is 1.1% in the year 2020. Its gross external debt is $163 billion in the year 2019. Its total foreign reserves are $266 billion in the year 2020.
Its GDP per capita is $7,380 (nominal) and $18,280 (PPP) in the year 2020. Thailand’s GDP per capita rank is 80th (nominal) and 66th (PPP) in the year 2019. When we talk about its GDP by sector, so agriculture 8.5%, industry 39% and services are 52% according to the year 2012.
Thailand’s total exports are $236 billion in the year 2017. Its main export goods are machinery, food products, wood, chemicals, automobile, stone, glass, textiles and others. Its main export partners are the United States, China, European Union, Japan and others.
Its total imports are $222 billion in the year 2017. Its main import goods are raw material, fuels, Chemicals, Textiles and others. Its main import partners are China, Japan, European Union, Malaysia and others.
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