The Air Quality Life Index (AQLI) by the Energy Policy Institute at the University of Chicago (EPIC), Thailand was the world's tenth ranked aquaculture producer in 2015, having produced 0.9 million. [28] As of 2018, Thailand has an average inflation of 1.06% [29] and an account surplus of 7.5% of the country's GDP. Principal challenges include the need to strengthen investor confidence and advance institutional reform. The countrys public debt is 42.9% of GDP. We have a plan for your needs. Inflation should average within target ahead this year, restrained by positive real interest rates. Uneven economic development index, 0 (low) - 10 (high) index points. Standard users can export data in a easy to use web interface or using an excel add-in. Thailand | Data - World Bank Data The pandemic is hitting the poorest and most vulnerable people the hardest. In 2018, Thailand's GINI index stood at 36.4, or the fourth in a ranking of income inequality in ASEAN. Singapore, Thailand, and Vietnam - to moderate to 4.4 percent in 2023 from a projected 5.6 percent in . It is especially useful in the determination of the turning points or the peaks and troughs of business cycles as well as the shortterm (3 4 months) forecast of the economy. On top of this, inequality in Thailand, like in many countries, has been exacerbated by climate change and technological transformation. Inflation should ease further this year, pushed down by higher interest rates. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Thailand and the World Economy - Impact Factor, Overall Ranking, Rating Tourism-led retail sales growth and a projected increase in Thailand's consumer . Inflation fell to 2.7% in April, following March's 2.8%, thus remaining within the Bank of Thailand's 1.0-3.0% target. SCImago Journal Rank is an indicator, which measures the scientific influence of journals. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. Although foreign direct investment is officially welcome, the overall investment frameworks lacks efficiency and transparency. Thailand has experienced 19 military coups since becoming a constitutional monarchy in 1932. The Trading Economics Application Programming Interface (API) provides direct access to our data. However, inequality remains high as indicated by the World Banks GINI index, a measure in which 0 is perfect equality and 100 is perfect inequality. 4.60. Thailand gdp per capita for 2020 was $6,991, a 8.38% decline from 2019. In most parts of Southeast Asia, economic growth is a major contributor to poverty alleviation. International rankings of Thailand - Wikipedia According to the Thailand Economic Monitor, Thailand's economy is projected to recover to its pre-pandemic level in 2022, but the pace of growth will be slower-than-expected in 2023 owing to global headwinds. Country Rankings: World & Global Economy Rankings on Economic Freedom Thailand Wealth Creation 2023: Take Off - Forbes Author: Editorial Board, ANU. Since 1932, when Thailand's absolute monarchy was overturned, the country has had a world-record 20 constitutions. The nominal GDP per capita in 2015 was estimated at $5,771 and $15,319 by PPP. All Rights Reserved. This story is part of Forbes coverage of Thailands Richest 2023. Thailands exports were valued at $214.37 billion in 2015. During this period, poverty levels substantially declined in the country. In this respect, UNDP, together with other public and private development actors, has conducted hackathons, bringing youth together to form innovative solutions to address the socioeconomic impacts of COVID-19. Please address all correspondences to manop.udomkerdmongkol@un.org. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed Thailand GDP UNDP, together with the entire UN system, is committed to continue support to help decision-makers navigate through the current crisis. Economy of Thailand - Wikipedia Moreover, consumer confidence hit a 39-month high in May amid increasing tourist numbers. Business Freedom 66.6 Create a Graph using this measurement, Labor Freedom 56.6 Create a Graph using this measurement, Monetary Freedom 73.4 Create a Graph using this measurement. It also plays an active role in supporting businesses to conduct human rights due diligence in their operations to promote more equitable job opportunities. . Merchandise exports declined 4.6% in annual terms in May (April: -7.6% year-on-year). Income inequality and corruption are major concerns in Thailand. Thailand ranked 11th in the world in production of motor vehicles in 2018, 2.17 million, up nine percent from 2017. List of countries by GDP (nominal) - Wikipedia Thailand: Economy | Asian Development Bank Thailand: Development news, research, data | World Bank Overall, real GDP growth is projected to expand by 3.3% in 2023 and 3.7% in 2024, while inflation should ease (Table 2.30.1 and Figure 2.30.6). Share on Twitter. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The countrys imports in 2015 were valued at $202.65 billion. Please check your download folder. It thus fell below the Bank of Thailands 1.03.0% target and marked the weakest reading since August 2021. [110], In June 2018, the Small Arms Survey released a briefing paper entitled "Estimating Global Civilian-Held Firearms". The views expressed within this publication are solely those of the authors and do not necessarily carry the endorsement of the UN. Ranked worst was Malaysia's Najib Razak. In 2016, the country ranked 22nd in the world by Purchasing Power Parity which was $1.108 trillion. To foster a green recovery, UNDP is also supporting the preparation of a financing strategy for the 2023-2026 National Adaptation Plan. The United States imports 11.2% of Thailands exports followed by China, Hong Kong, Japan, Malaysia, Vietnam, and Australia. Thailand Competitiveness Rank 2023 Data - 2024 Forecast - TRADING ECONOMICS In 2018, Thailand's GINI index stood at 36.4, or the fourth in a ranking of income inequality in ASEAN. API users can feed a custom application. Trading Economics welcomes candidates from around the world. The COVID-19 Socio-Economic Impact Assessment commissioned by UNDP and UNICEF in partnership with the UN Country Team reveals that unemployment rate would hit 3.1 per cent in 2020 more than twice the usual rate while womens unemployment would rise to 4.5 per cent as many are employed in the worst-hit sectors such as tourism. Published by Statista Research Department , Mar 1, 2023. Thailand is ranked 16th out of 39 countries in the AsiaPacific region, and its overall score is higher than the world and regional averages. ", "Estimated Proportion of Population in Modern Slavery by Country", "Reducing Street Sprawl Could Help Combat Climate Change", "Global trends toward urban street-network sprawl", "The Sustainable Development Index: Measuring the Ecological Efficiency of Human Development in the Anthropocene", "Global talent competitiveness: a plea for diversity", "TOMTOM TRAFFIC INDEX; MEASURING CONGESTION WORLDWIDE", "Bangkok's roads rated among world's most congested", "Tyre upgrade urged to help boost exports", "3 Thai universities boost global ranking", "CU ranked Top Thai University in QS University Ranking Asia 2016", "Mahidol leads Thai universities in survey", "FTI: Car sales slump as headwinds abound", "Thailand breaks Guinness World Records for largest gathering of Volkswagens", https://en.wikipedia.org/w/index.php?title=International_rankings_of_Thailand&oldid=1159304309. The manufacturing PMI averaged considerably higher than in Q1 in April-May, and in the same period, inflation fell sharply. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. 2023 data is based on IMF growth rate estimates applied to World Economics GDP data. While inflation and the war in Ukraine weighed on Thailands post-pandemic momentum last year, tourisms quickening recovery is set to fuel GDP growth in 2023. Trading Economics welcomes candidates from around the world. Thailand output 1.95 million vehicles in 2015, ranking 12th in the world. Other ASEAN nations ranked were: Indonesia, 3; Philippines, 10; Vietnam, 13; Myanmar, 22; Malaysia, 44; Cambodia, 62; Laos, 79; and Singapore, 116. Nevertheless, inequality looms large, hindering the countrys progress towards the Sustainable Development Goals (SDGs). The overall rank of Thailand and the World Economy is 22660. Prawit Wongsuwan, another royalist military officer, is acting prime minister. A major concern is political instability, which continues to undermine Thailands investment climate and economic potential. In 2019, the GDP contribution of private consumption was estimated at 49 percent in Thailand . Thailand review of economic, population and ESG data by World Economics Thailand's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries. ASEAN countries GDP 2028 | Statista We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Download data. Military brass have run the country for at least 53 of the 87 years from 19322019. Thailand ranked 19th of 133 nations in "total available military manpower reaching service age annually" (1=most, 133=fewest). The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022. Thai Economy to Accelerate in 2023 as Demand from Major Economies Picks Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Economics in Thailand compared to the EU - Worlddata.info Thailand's political catch-2023 | East Asia Forum Thailand gdp for 2019 was $544.08B, a 7.37% increase from 2018. Thailand's economic data is unreliable, graded D on the World Economics classification scale. Chulalongkorn University was ranked number one in Thailand and 45th in Asia in 2016. According to Romanian internet security software firm. This chart displays Economic Growth (GDP, annual variation in %) for Thailand from 2013 to 2022. Leading Economic Index Thailand increased to 160.04 in May of 2023 over the same month in the previous year. The principal imports are crude and refined petroleum, integrated circuits, capital and intermediate goods, gold, and consumer goods. Given that the long-term impact of the pandemic implies a decline in public resources, it is now more important than ever to balance efficiency savings with protection of fundamental services including health and social protection. Thailand Economy Ranking: by GDP and 60 other indicators - Georank.org Thailand Inflation. Learn about employment opportunities across the UN in Thailand. The rest of the industries include financial services, garments and textiles, electronics, tourism, plastics, computers and accessories, cement, plastics, and furniture. Thailand Competitiveness Rank Summary Stats Download Thailand is the 40 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. After King Bhumibol Adulyadej died, his son, King Maha Vijiralongkorn, was crowned in 2019. Its score is 2.6 points lower than last year. API users can feed a custom application. At this juncture, policy-makers and partners have realized the need to use this crisis as an opportunity to rethink the development model of Thailand in view of achieving the SDGs. Its nominal GDP in 2016 was estimated at $404.824 billion ranking 32nd in the world. Thailand gdp per capita for 2019 was $7,630, a 7.09% increase from 2018. These exports included rice, garments and textiles, computers, integrated circuits, footwear, automobiles, refined petroleum, rubber, and fishery products. Find out what the UN in Thailand is doing towards the achievement of the Sustainable Development Goals. Among those severely affected are informal workers, which account for more than half of the labour force, and vulnerable populations such as people with disabilities, LGBTI people and ethnic community members who have lower access to job opportunities and face difficulties in accessing government assistance. Although the COVID-19 pandemic poses unprecedented challenges, Thailand still has an opportunity to come out of crisis as a stronger, more resilient country that leaves no one behind. Request your free sample report now. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Thailand is ranked 18th on account of the ease of doing business. [196], According to the Bangkok Post, Thais uploaded 495 million photos to social media in 2015, the highest number in the world.[256]. Thailand itself is a newly industrialized country, with a GDP of 17.367 trillion baht (US$536 billion) in 2022, the 9th largest economy of Asia. Aaron O'Neill , May 4, 2023. Please check your download folder. This page is not available in other languages. Beverages and tobacco also contribute immensely to the economy. Other ASEAN nations, their world ranking, and their incarceration rates: Singapore ranked 63 (prisoner rate, 219); Malaysia, 85 (167); Vietnam, 102 (146); Philippines, 109 (140); Brunei, 116 (134); Laos, 134 (119); Cambodia, 136 (116); Myanmar, 141 (113); Indonesia, 167 (76). Multiple Indicator Cluster Survey 2016 (14 Provinces), Round 5. Thailand ranks number two in the world in. In 2016 Thailand led the world in the death rate of operators and passengers of two- and three-wheeled motorbikes. Thailand's GDP growth is expected at 3.3% in 2023 and 3.7% in 2024 - ADO 2023. Thailand has an estimated headline inflation of 3.02% and 13.15% of the population in 2011 lived below the poverty line. DataBank Microdata Data Catalog. The countrys labor force stands at 39.41 million with a 0.9% unemployment rate. The overall rule of law is weak in Thailand. Japan has 4.4ft2; China 2.8ft2; and Indonesia 1ft2. Meanwhile, merchandise imports fell 7.3% in annual terms in Manufacturing output fell 3.3% month-on-month in seasonally-adjusted terms in April (March: -0.9% mom). If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The country ranks the worlds 22nd largest export economy. The government influences prices through subsidies and other measures. BANGKOK, June 28, 2023 - Thailand's economy is projected to accelerate to 3.9 percent in 2023 from 2.6 percent last year due to stronger-than-expected demand from China, Europe, and the United States, private consumption growth, and a recovery in tourism, the World Bank said in . In February 2020, a commission composed of the. Health-related sustainable development goals, International Development Research Centre, Organisation for Economic Co-operation and Development, List of countries by firearm-related death rate, National Economic and Social Development Board, International Institute for Management Development, Programme for International Student Assessment, Food and Agriculture Organization of the United Nations, Travel and Tourism Competitiveness Report, Times Higher Education Asia University Rankings 2018, King Mongkut's University of Technology Thonburi, "Human Development Reports; Human Development Index; 2018 Statistical Update", "The Satisfaction with Life Index by Adrian G. White", "The Lottery of Life; Where to be born in 2013", "The pollution paralysis: Thailand's structural inability to clean up its air", "Government Artificial Intelligence Readiness Index 2019", "Drowning still a huge problem for Thai kids", "A future for the world's children? Per capita GDP growth for Thailand is expected at 2.8% in 2023 and 3.2% in 2024 - ADB Report. Make the best decisions about the future of your business with the most reliable economic intelligence. In addition to the immediate relief package, authorities aim to emphasize local-level economic rehabilitation, target job creation, and continue supporting sustainable sectors such as the Bio-Circular-Green (BCG) economy an initiative started before COVID-19. Thailand Rank; GDP: $505B: 26: GDP growth, 1 year: 4.1%: 64: GDP growth, 5-years average: . Thailand economic indicators | TheGlobalEconomy.com The countrys tourism ministry sees the number of international visitors nearly tripling to 30 million from a year ago, though arrivals will remain below 2019 levels. This story appears in the July 2023 issue of Forbes Asia. The higher the value of the indicator, the greater the economic decline in the country. United Nations Building, 12th Floor Move Forwards Finance Minister-designate Sirikanya Tansakul recently stated that the government would focus on reducing the countrys debt-to-GDP ratio, which is among the highest in Asia. Economy National finances ASEAN country comparisons Thailand and the coronavirus Editor's Picks Current statistics on this topic Thailand Gross domestic product (GDP) growth rate in. See how Thailand compares to another country using any of the measures in the Index. The country's labor force stands at 39.41 million with a 0.9% unemployment rate. Although poverty levels have been on a downward trajectory in the country, the North, Northeast, and the Deep South rural communities have been subjected to disproportional levels of poverty. The Bloomberg Innovation Index, 2017 ranked Thailand 44 of 50 nations (1=most innovative; 50=less innovative), a rise from 47 in the 2016 ranking. Explore photos, statistics and other information. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, Thailand Animals - Animals That Live in Thailand. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Standard users can export data in a easy to use web interface or using an excel add-in. Thailand is an emerging market with the highest progress in the world from 2013 to 2018, up by 12 ranks, reflecting continued improvements in life expectancy at birth, years of schooling and income per capita. It's No. The criteria are revised and updated regularly as new theories, research . The top individual and corporate tax rates are, respectively, 35 percent and 20 percent. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Tax Burden 81.0 Create a Graph using this measurement, Government Spending 81.5 Create a Graph using this measurement, Fiscal Health 65.2 Create a Graph using this measurement. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 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. Thailand: tourism GDP contribution | Statista GDP expanded at a faster year-on-year pace in Q1, underpinned by a recovering tourism industry and resilient consumer spending. World Economics estimates Thailand's GDP to be $1.835 trillion - 46% larger than official estimates. Rajdamnern Nok Avenue 2023 by The Heritage Foundation. FinanceAsia for the second year running has ranked the finance ministers of the Asia-Pacific region's 12 largest economies. Thailand in 2012 ranked number three of 66 nations with the most rapidly aging populations (1=most rapidly aging, 66=least rapidly aging). 24 October 2022. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Other ASEAN nations ranked were Singapore, 6 of 50 and Malaysia, 23 of 50. Country Rankings OVERALL SCORE 83.9 -0.5 WORLD RANK 1 #1 Singapore Read More About Singapore Singapore's economic freedom score is 83.9, making its economy the world's freest in the 2023. Among ASEAN nations, Thailand ranks fourth, after Indonesia, 130 million; Philippines, 62 million; Vietnam, 50 million; Malaysia, 22 million; Myanmar, 16 million; Cambodia, 6.3 million; Singapore, 4.3 million; Laos, 2.2 million; and Brunei, 340,000. Despite Thailands success in controlling the outbreak, it has been severely hit by a sharp decline in global trade and the sudden stop in air traffic, as exports of goods and services account for about 70 per cent of the countrys GDP with international tourism contributing 12 to 15 per cent to GDP. This entails building resilience in the social protection system and enhancing economic empowerment to enable people, particularly those who are marginalized and impoverished during the pandemic, to thrive rather than just survive in the face of global disruptions. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. International Household Survey Network (IHSN) Global Financial Inclusion (Global Findex) Database 2017. With no minimum capital requirement, the process for starting a business has been streamlined. Opinions expressed by Forbes Contributors are their own. 2023 Data - 2024 Forecast - 1960-2022 Historical - Chart - News, Thailand Inflation Rate Lowest in Near 2 Years, Thailand Manufacturing PMI Falls to 3-Month Low, Thailand Private Investment Rebounds in May, Thailand Personal Spending Rises the Most in Over a Year, Thailand Industrial Output Drops Less than Expected, Thailand Imports Drop Less than Estimated, Oil Holds Advance on Supply Cuts, US Draw, Wheat Rebounds on Concerning Crop Conditions, US Futures Steady After Lackluster Session, Chilean Peso Extends Stability for 4th Month, Colombia Producer Prices Sink the Most in 3 Years. Thailand Economic Focus: Building a more equal and sustainable Thailand Quick Facts. Thailand ranked 30 of 216 countries for its number of homicides (2,387) in 2015. It considers the number of citations received by a journal and the importance of the journals from where these citations come. Standard users can export data in a easy to use web interface or using an excel add-in. Economic activity was seen rising steadily with tourist arrivals still increasing, the Bank of Thailand (BOT) said in a statement. Direct access to our data from your apps using any programing language. Thailands economy particularly experienced enormous growth between 1986 and 2005 when effective policies were adopted such as diversification and industrialization coupled with contribution from a robust private sector. Finally, it is necessary for Thailand to ensure sufficient resources to support national development priorities towards inclusive and sustainable growth path. Thailand has an estimated headline inflation of 3.02% and 13.15% of the population in 2011 lived below the poverty line. Continuous political instability and a coup culture has reduced investor confidence in the country and slowed down the implementation of economic policies. Read more about Thailand Economy. This is largely due to worsening global economic conditions and tightening monetary policy. Multiple Indicator Cluster Survey 2016 (14 Provinces), Round 5. The Trading Economics Application Programming Interface (API) provides direct access to our data. Summary Forecast Stats Download The Gross Domestic Product (GDP) in Thailand was worth 495.34 billion US dollars in 2022, according to official data from the World Bank. In a 2017 report published by the UK firm. This is why", "Thailand: Coups That Helped Shape the Land of Coups", "Why Thailand Has Had More Coup Attempts Than Almost Any Other Country", "Thailand at Bottom of Scale for Ethnic and Religious Tolerance on Global Creativity Index", "Seventh United Nations Survey of Crime Trends and Operations of Criminal Justice Systems, covering the period 1998-2000", "Thailand 'among top 20 most dangerous countries' to visit", "Thailand leaps up global democracy rankings", "World Bank drops post-coup Thailand's business ranking", "Report: Thailand most unequal country in 2018", "NESDB denies nation worst for inequality", "Grasping the reality of Thailand's wage inequality", "Thailand third most unequal country in world", "The Economist Intelligence Unit's quality-of-life index", "Thailand ranks low in world talent competitiveness index", "Global tests expose reality of Thai schools", "Thailand ranks 62nd out of 70 in English skills", "Indonesia second biggest marine pollutant, after China", International Union for Conservation of Nature, "Which Asian Country Has the Most Facebook Users? Third, harness technological disruptions to foster equality. Inflation plunged to 0.5% in May, following Aprils 2.7%. Volatile energy and food prices and Chinas economic reopening are key factors to monitor. Thailand jails 450 persons per 100,000 population. var. Within Country and State Economics Rankings: Thailand | IDEAS/RePEc Top 25% Institutions and Economists in Thailand, as of May 2023 Explanations Institutions Institutions 10/10 Authors Authors 10 More The rankings Top 25% institutions in Thailand, all authors, all publication years They were ranked: Vietnam, 2; Singapore, 6; Malaysia, 9; Philippines, 27; and Indonesia, 29. World Competitiveness Ranking - IMD Business School

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