Economy Of Thailand - Thailand Information

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Economy Of Thailand
Thailand Information - Country Guides

Economy overview	Thailand has a free-enterprise economy and welcomes foreign investment. Exports feature textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances. Thailand has recovered from the 1997-98 Asian Financial Crisis and was one of East Asia's best performers in 2002. Increased consumption and investment spending and strong export growth pushed GDP growth up to 6.3% in 2003 despite a sluggish global economy. The highly popular government has pushed an expansionist policy, including major support of village economic development.
GDP	purchasing power parity - $477.5 billion (2004 est.)
GDP - real growth rate	6.7% (2004 est.)
GDP - per capita	purchasing power parity - $7,400 (2004 est.)
GDP - composition by sector	agriculture: 9.8% industry: 44% services: 46.3% (2004 est.)
Investment gross fixed	25.5% of GDP (2004 est.)
Population below poverty line	10.4% (2002 est.)
Household income or consumption by percentage share	lowest 10%: 2.8% highest 10%: 32.4% (1998)
Distribution of family income - Gini index	41.4 (1998)
Inflation rate consumer prices	1.8% (2004 est.)
Labor force	34.9 million (2004 est.)
Labor force by occupation	agriculture 49%, industry 14%, services 37% (2000 est.)
Unemployment rate	2.2% (2004 est.)
Budget	revenues: $24.41 billion expenditures: $24.01 billion, including capital expenditures of $5 billion (2004 est.)
Public debt	46.6% of GDP (2004 est.)
Agriculture products	rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans
Industries	tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry, electric appliances and components, computers and parts, integrated circuits, furniture, plastics, world's second-largest tungsten producer, and third-largest tin producer
Industrial production growth rate	12.3% (2004 est.)
Electricity production	97.6 billion kWh (2001)
Electricity production by source	fossil fuel: 91.3% hydro: 6.4% other: 2.4% (2001) nuclear: 0%
Electricity consumption	90.91 billion kWh (2001)
Electricity exports	200 million kWh (2001)
Electricity imports	350 million kWh (2001)
Oil production	173,800 bbl/day (2004 est.)
Oil consumption	785,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	600 million bbl (1 January 2003)
Natural gas production	18.73 billion cu m (2001 est.)
Natural gas consumption	23.93 billion cu m (2001 est.)
Natural gas exports	0 cu m (2001 est.)
Natural gas imports	5.2 billion cu m (2001 est.)
Natural gas proved reserves	368.2 billion cu m (1 January 2003)
Current account balance	$9.44 billion (2004 est.)
Exports	$75.99 billion f.o.b. (2004 est.)
Exports commodities	computers, office machine parts, transistors, rubber, vehicles (cars and trucks), plastic, seafood (2002)
Exports partners	US 17%, Japan 14.2%, Singapore 7.3%, China 7.1%, Hong Kong 5.4%, Malaysia 4.8% (2003)
Imports	$65.3 billion f.o.b. (2003 est.)
Imports commodities	capital goods, intermediate goods and raw materials, consumer goods, fuels (2000)
Imports partners	Japan 24.1%, US 9.5%, China 8%, Malaysia 6%, Singapore 4.3%, Taiwan 4.2% (2003)
Reserves of foreign exchange gold	$42.15 billion (2004 est.)
Debt external	$53.75 billion (2004 est.)
Economic aid recipient	$131.5 million (1998 est.)
Currency	baht (THB)
Currency code	THB
Exchange rates	baht per US dollar - 41.4846 (2003), 42.9601 (2002), 44.4319 (2001), 40.1118 (2000), 37.8137 (1999)
Fiscal year	1 October - 30 September

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Economy Of ThailandThailand Information - Country Guides

Economy Of Thailand
Thailand Information - Country Guides