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This is an accepted version of this page This is the latest accepted revision, reviewed on 3 March 2025. Economy of Thailand Bangkok, the commercial hub of Thailand Currency Thai baht (THB, ฿) Fiscal year 1 October – 30 September Trade organisations WTO, APEC, IOR-ARC, ASEAN, RCEP Country group Developing/Emerging Upper-middle income economy Newly industrialized country Statistics ...
Common indicators include a state whose central government is so weak or ineffective that it has little practical control over much of its territory; non-provision of public services; widespread corruption and criminality; refugees and involuntary movement of populations; and sharp economic decline. [1]
Corruption in Thailand is a national issue. [1] Thai law provides criminal penalties for conviction of official corruption. Thailand's 2014 military junta, the National Council for Peace and Order (NCPO), stated that fighting corruption would be one of its main focus points, a common practice for military dictatorships following Thailand's frequent military coups.
A divisive figure, Thaksin is a billionaire telecommunications mogul who built his political power on policies popular with Thailand’s rural poor, who made up the majority of the country’s ...
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]
In 2003, Thailand's Pollution Control Department (PCD) monitored the quality of 49 rivers and four lakes in Thailand. Findings revealed that 68% of water bodies surveyed were suitable for agriculture and general consumption. Only less than 40% of Thailand's surface waters were in poor or very poor quality.
Thailand's National Economic and Social Development Board (NESDB) was quick to repudiate the findings, calling them based on old data and faulty estimates. [76] [77] Thailand has been ranked the world's third most unequal nation after Russia and India, with a widening gap between rich and poor according to Oxfam in 2016. [78]
Isan's economic disadvantages have caused great poverty. Most of Thailand's rural poor live in Isan. [4] In 1995, 28 percent of the population was classed as below the poverty line, compared to just seven percent in central Thailand. In 2000, per capita income was just 26,317 baht, compared to 208,434 in Bangkok.