What is the GDP of Thailand?

Thailand's GDP is approximately $526.5 billion USD. The GDP growth rate is 2.5%.

What is the population of Thailand?

Thailand has a population of approximately 71.7 million people. The population growth rate is 0%.

What is the inflation rate in Thailand?

The inflation rate in Thailand is 1.4%.

What is the unemployment rate in Thailand?

The unemployment rate in Thailand is 0.8%.

What is the GDP per capita of Thailand?

Thailand's GDP per capita is approximately $7,347 USD.

Is Thailand a good country to invest in?

Thailand has an investment score of 64/100, classified as "Moderate" risk. Key sectors include Tourism, Automotive, Electronics. Credit rating: BBB+.

How open is Thailand's economy to trade?

Thailand's trade openness (trade as % of GDP) is 137%. Exports total approximately $368.8B and imports $351.2B.

What is Thailand's government debt?

Thailand's government debt is approximately 62% of GDP. The current account balance is 2.2% of GDP.

How much foreign investment does Thailand attract?

Foreign direct investment (FDI) in Thailand is 2.7% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Thailand?

Thailand's economy is composed of services (59% of GDP), industry (32% of GDP), and agriculture (9% of GDP).

Can I start a business in Thailand as a foreigner?

Thailand offers various options for foreign entrepreneurs. Visit our business setup guide for Thailand for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Thailand's economy growing?

Thailand's GDP growth rate is 2.5%. The economy is growing at a moderate pace.

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Thailand Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

East Asia & PacificUpper MiddleCapital: BangkokTHA

Moderate

BBB+

Growing

526.5B USD

GDP (Nominal)

Growing at 2.5%

$7,347

GDP Per Capita

Middle income level

71.7M

Population

0% annual growth

Stable

1.4%

Inflation

Price stability

137%of GDP

Trade Openness

Strong

2.7%of GDP

FDI Inflows

High

62%of GDP

Public Debt

Low

0.8%

Unemployment

Surplus

+$17.6B

Trade Balance

Currency & Exchange Rate

Currency

฿ Thai Baht

THB

Exchange Rate (1 USD)

฿35.80

-1.9% YoY(strengthened)

5-Year Change

+14.4%

From ฿31.30

Regime & Controls

managed float

Capital controls: limited

GDP

Billion USD, nominal

$526.5B

2024+10.6B

GDP Growth

Annual %

2.5%

2024+0.5%

Inflation

Consumer prices, annual %

1.4%

2024-7.1%

Population

Millions

71.7M

2024-0.0M

Economic Structure

Services59%

Industry32%

Agriculture9%

Infrastructure74/100

Internet Speed

205 Mbps

Mobile: 45 Mbps

Logistics Index

3.3 /5.0

World Bank LPI

Electricity

90%

Reliability score

Connectivity

good

78% internet access

Investment Score Breakdown

Economic Health (30%)65

Political Safety (25%)52

Business Climate (20%)68

Financial Strength (15%)72

Growth Potential (10%)62

Key Sectors

Tourism

12% of GDP

growing

Automotive

7% of GDP

stable

Electronics

15% of GDP

stable

Agriculture

8% of GDP

stable

Should I Invest in Thailand?

HoldSetup: DifficultROI: Moderate

Thailand scores 64/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 2.5%. Business setup takes approximately 206 days with a corporate tax rate of 20%.

Investment Score64/100

GDP Growth2.5%

Inflation1.2%

FDI/GDP2.8%

Public Debt62%

Political Stability-0.4

Corporate Tax20%

Ease of Business#21

Strengths

+Favorable business climate with reasonable regulation
+Low inflation (1.2%) - stable pricing environment
+Highly trade-open economy (120%) - global market access
+100% foreign ownership allowed - no local partner required

Risks

-High severance costs (4 weeks/year) - expensive to restructure
-Foreign ownership capped at 49% - local partner required

Best For

Tourism (growing, score: 85)

Also Consider

Indonesia

Same region, similar income level, faster growth (5%)

Philippines

Same region, similar income level, faster growth (5.6%)

Vietnam

Same region, similar income level, faster growth (6.5%)

Malaysia

Same region, faster growth (4.7%)

Countries Similar to Thailand

Based on investment profile, economic size, growth rate, and region

🇲🇾

Malaysia