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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]
The strong performance of the Thai economy beginning in 2002 was the immediate impact of Thaksinomics. In 2002, Thailand posted GDP growth of 5.3%, the fastest rate since 1996. The economy grew by another 7.1% in 2003. In 2004, in spite of a volatile external environment and rising oil prices, Thailand still managed a GDP growth rate of 6.3%.
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).
Pattaya, a major city on Thailand's eastern seaboard. The eastern seaboard of Thailand, more frequently known as the "Eastern Economic Corridor" (EEC), is a developing economic region which plays a key role in Thailand's economy. It is Thailand's center for export-oriented industries.
Southeast Asia's second largest economy grew 1.5% in the first quarter of 2024 compared to a year earlier, slowing from the prior quarter's 1.7% expansion and lagging regional peers.
The Eastern Special Development Zone Policy Office (ESDZPO) is the governing body of the Eastern Economic Corridor. It is an independent public agency, reporting directly to the prime minister. It was established on 15 May 2019 by the Eastern Special Development Zone (2018) Act and replaced the Eastern Economic Corridor Office.
BANGKOK (Reuters) -Thailand's economy unexpectedly contracted in the fourth quarter of 2023 and policymakers downgraded the outlook for this year, adding to pressure on the central bank to give in ...
Thailand has one of the highest levels of household debt in the region, at 92% of GDP in the last quarter of 2023, and much higher than the 70% recorded over a decade ago.