From a feudal trading hub connecting South with East Asia in the 18th and 19th centuries, Thailand has developed into a rapidly modernising and more urban economy. The second half of the 20th century saw the rapid expansion in manufacturing and services, which underpinned its transformation into an upper-middle-income country.

Reforming the public sector, long a priority for Thailand, involves several challenges. Among these, insufficient public participation in policy-making is undermining the efficient allocation of resources toward public needs and development goals.

Thailand has made remarkable socio-economic progress over the past several decades. Poverty has plummeted and access to education and health services has become near universal.

Thailand’s path from a low-income to an upper-middle-income country over recent decades is widely hailed as a development success story.

Thailand’s "sufficiency economy philosophy" encourages the prioritisation of long-term sustainability over short-term benefits.

The Peace pillar of the 2030 Agenda for Sustainable Development encompasses a diverse range of issues including stability and effective governance.

Over the past decade, limited structural reform and capital investment have held back productivity growth and improvements in well-being, and Thailand has lost ground vis-à-vis regional comparators.

Household Saving Rate in Thailand increased to 10.20 percent in 2016 from 9 percent in 2015. Personal Savings in Thailand averaged 9.75 percent from 1994 until 2016, reaching an all time high of 16.10 percent in 1999 and a record low of 5.50 percent in 2005. In Thailand, Personal Savings (Households Savings) correspond to the ratio of household income saved to household net disposable income during a certain period of time. This page provides - Thailand Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand 10Y Bond Yield was 1.09 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Thailand Government Bond 10Y reached an all time high of 6.72 in November of 2005. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Imports from Thailand (non Oil & Gas) in Indonesia decreased to 791.50 USD Million in March from 831.50 USD Million in February of 2020. Imports from Thailand (non Oil & Gas) in Indonesia averaged 774.68 USD Million from 2014 until 2020, reaching an all time high of 1112.60 USD Million in May of 2018 and a record low of 572 USD Million in July of 2015. This page includes a chart with historical data for Indonesia Imports from Thailand (non Oil & Gas).

The Gross Domestic Product per capita in Thailand was last recorded at 6361.60 US dollars in 2018. The GDP per Capita in Thailand is equivalent to 50 percent of the world's average. GDP per capita in Thailand averaged 2710.61 USD from 1960 until 2018, reaching an all time high of 6361.60 USD in 2018 and a record low of 570.90 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Thailand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Thailand in Netherlands decreased to 258000 EUR THO in February from 295000 EUR THO in January of 2020. Imports from Thailand in Netherlands averaged 243410.97 EUR THO from 2014 until 2020, reaching an all time high of 339000 EUR THO in July of 2019 and a record low of 136973 EUR THO in February of 2015. This page includes a chart with historical data for Netherlands Imports from Thailand.

Exports to Thailand in Netherlands increased to 85000 EUR THO in February from 83000 EUR THO in January of 2020. Exports to Thailand in Netherlands averaged 88896.83 EUR THO from 2014 until 2020, reaching an all time high of 127000 EUR THO in March of 2017 and a record low of 70887 EUR THO in August of 2014. This page includes a chart with historical data for Netherlands Exports to Thailand.

The Social Security Rate For Employees in Thailand stands at 5 percent. Social Security Rate For Employees in Thailand averaged 4.86 percent from 2006 until 2019, reaching an all time high of 5 percent in 2007 and a record low of 4 percent in 2012. In Thailand, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Thailand because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Thailand Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Thailand decreased to 6.03 in 2018 from 6.25 in 2017. Terrorism Index in Thailand averaged 6.35 from 2002 until 2018, reaching an all time high of 7.28 in 2014 and a record low of 4.10 in 2003. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Thailand scored 36 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Thailand averaged 34.23 Points from 1995 until 2019, reaching an all time high of 38 Points in 2005 and a record low of 27.90 Points in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Thailand Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand is the 101 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Thailand averaged 73.36 from 1995 until 2019, reaching an all time high of 102 in 2013 and a record low of 34 in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Thailand Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand recorded a government budget surplus of 17939 THB Million in November of 2019. Government Budget Value in Thailand averaged 22.18 THB Million from 1987 until 2019, reaching an all time high of 217720 THB Million in June of 2012 and a record low of -258195 THB Million in October of 2016. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Thailand Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in Thailand increased to 13350.40 THB/Month in the third quarter of 2019 from 13290.80 THB/Month in the second quarter of 2019. Wages in Manufacturing in Thailand averaged 8763.36 THB/Month from 1999 until 2019, reaching an all time high of 13350.40 THB/Month in the third quarter of 2019 and a record low of 5516 THB/Month in the first quarter of 2000. This page provides - Thailand Average Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Thailand increased to 331 THB/Day in 2019 from 325 THB/Day in 2018. Minimum Wages in Thailand averaged 146.49 THB/Day from 1973 until 2019, reaching an all time high of 331 THB/Day in 2019 and a record low of 12 THB/Day in 1973. This page provides - Thailand Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Thailand stands at 20 percent. Corporate Tax Rate in Thailand averaged 26.38 percent from 1997 until 2020, reaching an all time high of 30 percent in 1998 and a record low of 20 percent in 2013. In Thailand, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Thailand. This page provides - Thailand Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Thailand stands at 35 percent. Personal Income Tax Rate in Thailand averaged 36.13 percent from 2004 until 2019, reaching an all time high of 37 percent in 2005 and a record low of 35 percent in 2013. In Thailand, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Thailand. This page provides - Thailand Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Thailand expanded 1.60 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Thailand averaged 3.68 percent from 1994 until 2019, reaching an all time high of 15.50 percent in the fourth quarter of 2012 and a record low of -12.50 percent in the second quarter of 1998. Thailand is an export oriented emerging economy. As a result, manufacturing is the most important sector and accounts for 34 percent of GDP. Services constitute around 44 percent of GDP. Within services, the most important are wholesale and retail trade (13 percent of GDP); transport, storage and communication (7 percent of GDP); hotels and restaurants (5 percent of GDP) and public administration, defense and social security (4.5 percent of GDP). Agriculture also makes a significant contribution - around 13 percent of GDP. This page provides - Thailand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross National Product in Thailand increased to 2867556 THB Billion in the fourth quarter of 2019 from 2669126 THB Billion in the third quarter of 2019. Gross National Product in Thailand averaged 1818691.25 THB Billion from 1993 until 2019, reaching an all time high of 2867556 THB Billion in the fourth quarter of 2019 and a record low of 1042725 THB Billion in the second quarter of 1993. This page provides - Thailand Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Thailand was worth 520 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Thailand represents 0.43 percent of the world economy. GDP in Thailand averaged 135.75 USD Billion from 1960 until 2019, reaching an all time high of 520 USD Billion in 2019 and a record low of 2.76 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Thailand GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Thailand was last recorded at 0.75 percent. Interest Rate in Thailand averaged 2.16 percent from 2000 until 2020, reaching an all time high of 5 percent in June of 2006 and a record low of 0.75 percent in March of 2020. In Thailand, interest rates decisions are taken by The Bank of Thailand’s Monetary Policy Committee. The main interest rate is the 1-day repurchase rate. This page provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Youth Unemployment Rate in Thailand increased to 5.10 percent in September from 4.80 percent in July of 2018. Youth Unemployment Rate in Thailand averaged 4.81 percent from 2014 until 2018, reaching an all time high of 7 percent in May of 2017 and a record low of 2.50 percent in December of 2015. This page provides - Thailand Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt in Thailand increased to 172134.75 USD Million in the fourth quarter of 2019 from 166220.29 USD Million in the third quarter of 2019. External Debt in Thailand averaged 110120.72 USD Million from 2005 until 2019, reaching an all time high of 172134.75 USD Million in the fourth quarter of 2019 and a record low of 58984.85 USD Million in the second quarter of 2005. In Thailand, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Thailand External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Thailand increased to 19313454 THB Million in February from 19182326 THB Million in January of 2020. Banks Balance Sheet in Thailand averaged 17585421.37 THB Million from 2013 until 2020, reaching an all time high of 20094765 THB Million in December of 2019 and a record low of 14874369 THB Million in January of 2013. This page provides - Thailand Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Thailand decreased to 217 BBL/D/1K in December from 237 BBL/D/1K in November of 2019. Crude Oil Production in Thailand averaged 173.54 BBL/D/1K from 1994 until 2019, reaching an all time high of 273 BBL/D/1K in January of 2016 and a record low of 46 BBL/D/1K in June of 1995. This page provides the latest reported value for - Thailand Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports in Thailand increased to 22404.59 USD Million in March from 20641.75 USD Million in February of 2020. Exports in Thailand averaged 10999.38 USD Million from 1991 until 2020, reaching an all time high of 22827.25 USD Million in August of 2018 and a record low of 1997 USD Million in February of 1991. Thailand is an export oriented economy with exports accounting for around 65 percent of the GDP. The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important. Agricultural goods, mainly rice and rubber, account for 8 percent of total shipments. Major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent). Others include: Malaysia, Australia and Singapore. This page provides - Thailand Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Thailand increased to 20812.51 USD Million in March from 16744.49 USD Million in February of 2020. Imports in Thailand averaged 10925.72 USD Million from 1991 until 2020, reaching an all time high of 24937.81 USD Million in March of 2012 and a record low of 2760 USD Million in February of 1992. Thailand imports mainly raw materials and intermediate goods (around 56 percent of total imports). Fuel accounts for 19 percent, parts of electronic appliances for 11 percent, materials of base metal for 9 percent, and chemicals for 5.5 percent. Machinery, equipment and supplies such as computers and mechanical represent 25 percent of total imports, and consumer goods account for 8 percent. Main import partners are Japan (20 percent of total imports), China (15 percent) and the European Union (8 percent). Others include the United Arab Emirates, Malaysia and the United States. This page provides the latest reported value for - Thailand Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Total Vehicle Sales in Thailand increased to 77121 in October from 76195 in September of 2019. Total Vehicle Sales in Thailand averaged 41316.55 from 1980 until 2019, reaching an all time high of 157527 in March of 2013 and a record low of 5338 in April of 1986. This page provides - Thailand Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Production in Thailand increased to 156266 in January from 134208 in December of 2019. Car Production in Thailand averaged 144146.40 from 2005 until 2020, reaching an all time high of 256581 in November of 2012 and a record low of 23695 in November of 2011. This page provides - Thailand Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Thailand decreased 1.40 percent in February of 2020 over the previous month. Industrial Production Mom in Thailand averaged 0.37 percent from 2000 until 2020, reaching an all time high of 21.90 percent in December of 2011 and a record low of -24.80 percent in October of 2011. This page provides the latest reported value for - Thailand Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of employed persons in Thailand decreased to 37331.80 Thousand in March of 2020 from 37628.80 Thousand in February of 2020. Employed Persons in Thailand averaged 36666.81 Thousand from 2001 until 2020, reaching an all time high of 39973.11 Thousand in November of 2012 and a record low of 30376.71 Thousand in January of 2001. In Thailand, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Thailand Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Thailand increased to 439.30 Thousand in March of 2020 from 419.50 Thousand in February of 2020. Unemployed Persons in Thailand averaged 510.73 Thousand from 2001 until 2020, reaching an all time high of 1923.25 Thousand in January of 2001 and a record low of 157.58 Thousand in November of 2012. In Thailand, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - Thailand Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Thailand decreased to 1 percent in March from 1.10 percent in February of 2020. Unemployment Rate in Thailand averaged 1.40 percent from 2001 until 2020, reaching an all time high of 5.73 percent in January of 2001 and a record low of 0.39 percent in November of 2012. In Thailand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Thailand Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2018. Government Budget in Thailand averaged -1 percent of GDP from 1979 until 2018, reaching an all time high of 4.90 percent of GDP in 1991 and a record low of -5.10 percent of GDP in 1982. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Thailand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Thailand decreased 11.25 percent in March of 2020 over the same month in the previous year. Industrial Production in Thailand averaged 6.46 percent from 1988 until 2020, reaching an all time high of 59.60 percent in November of 2012 and a record low of -32 percent in November of 2011. In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy. This page provides the latest reported value for - Thailand Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Personal Spending in Thailand decreased 4.90 percent in March of 2020 over the previous month. Personal Spending in Thailand averaged 0.21 percent from 2010 until 2020, reaching an all time high of 5.80 percent in December of 2011 and a record low of -5.20 percent in October of 2011. This page provides - Thailand Personal Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Investment in Thailand increased to -1 percent in March from -3.40 percent in February of 2020. Private Investment in Thailand averaged 0.40 percent from 2000 until 2020, reaching an all time high of 10.80 percent in December of 2011 and a record low of -10.50 percent in October of 2011. This page provides - Thailand Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in Thailand decreased to 61.86 points in March from 63.81 points in February of 2020. Capacity Utilization in Thailand averaged 70.09 points from 2000 until 2020, reaching an all time high of 78.07 points in January of 2008 and a record low of 49.17 points in November of 2011. This page provides - Thailand Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Thailand increased to 14392.15 THB/Month in the first quarter of 2020 from 14238.13 THB/Month in the fourth quarter of 2019. Wages in Thailand averaged 9848.09 THB/Month from 1999 until 2020, reaching an all time high of 14392.15 THB/Month in the first quarter of 2020 and a record low of 6344 THB/Month in the first quarter of 2000. In Thailand, wages are benchmarked using average monthly earnings. This page provides - Thailand Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M3 in Thailand increased to 21752.29 THB Billion in March from 20932.24 THB Billion in February of 2020. Money Supply M3 in Thailand averaged 11316.83 THB Billion from 1997 until 2020, reaching an all time high of 21752.29 THB Billion in March of 2020 and a record low of 5077.80 THB Billion in August of 1997. Thailand Money Supply M3 includes M2 plus long-term time deposits in banks. This page provides - Thailand Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Thailand increased to 2319 THB Billion in March from 2222.90 THB Billion in February of 2020. Money Supply M1 in Thailand averaged 1120.88 THB Billion from 1997 until 2020, reaching an all time high of 2319 THB Billion in March of 2020 and a record low of 365.90 THB Billion in July of 1998. This page provides - Thailand Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Thailand increased to 149.70 points in March from 149.20 points in February of 2020. Housing Index in Thailand averaged 117.52 points from 2008 until 2020, reaching an all time high of 149.70 points in March of 2020 and a record low of 91.60 points in March of 2008. In Thailand, the House Price Index refers to a three-month moving average of single detached house with land prices. The index is calculated from 17 commercial banks’ mortgage loan in Bangkok and vicinities (Bangkok, Samut Prakan, Nonthaburi, Pathum Thani, Nakhon Pathom and Samut Sakhon). The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends. This page provides - Thailand House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terms of Trade in Thailand increased to 111.49 points in March from 108.94 points in February of 2020. Terms of Trade in Thailand averaged 104.35 points from 2000 until 2020, reaching an all time high of 115.39 points in January of 2016 and a record low of 96.39 points in March of 2002. In Thailand, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - Thailand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Import Prices in Thailand decreased to 92.14 points in March from 93 points in February of 2020. Import Prices in Thailand averaged 90.10 points from 2000 until 2020, reaching an all time high of 103.35 points in January of 2014 and a record low of 67.79 points in January of 2000. In Thailand, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - Thailand Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Thailand increased to 1634899 THB Million in March from 1608619 THB Million in February of 2020. Money Supply M0 in Thailand averaged 797352.71 THB Million from 1997 until 2020, reaching an all time high of 1634899 THB Million in March of 2020 and a record low of 280977 THB Million in July of 1997. Thailand Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Thailand Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.