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The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). [25] Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. [26]
Nominal GDP IMF 2024 [1]; World rank Country GDP (US$ millions) GDP per capita (nominal) 1 16 Indonesia: 1,475,690 5,509 2 26 Thailand: 548,890 7,557 3 31 Singapore
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Prostitution in Thailand and sex tourism also form a de facto part of the economy. Campaigns promote Thailand as exotic to attract tourists. [231] One estimate published in 2003 placed the trade at US$4.3 billion per year or about 3% of the Thai economy. [232] It is believed that at least 10% of tourist dollars are spent on the sex trade. [233]
This is a list of Thai provinces and regions by GDP and GDP per capita as of 2019, based on Gross Regional and Provincial Product Chain Volume Measures 2019 Edition, According to Office of the National Economic and Social Development Council (NESDC).
Thailand is a middle power in global affairs and a founding member of ASEAN. It has the second-largest economy in Southeast Asia and the 23rd-largest in the world by PPP, and it ranks 29th by nominal GPD. Thailand is classified as a newly industrialised economy, with manufacturing, agriculture, and tourism as leading sectors.
GDP (millions of current international dollar) by country ; Country Percent [1] [2] [3] Nominal PPP Year A [n 1] I [n 2] S [n 3] Agricultural Industrial Services Agricultural Industrial ...
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