Economy of Thailand

Economy of Thailand

THB currency thailand

According to the IMF, the economy of Thailand is considered as an emerging economies, heavily dependent on exports which account for over half of GDP, 654 billion of dollars in 2015. This same year, Thailand is the second largest economy in Southeast Asia, after Indonesia but ahead of Malaysia.

The recovery in Thailand since the Asian economic crisis of 1997, is expressed in particular by specializing in certain export sectors such as automotive, food processing, electronics that make return significant amounts of foreign currency as tourism. GDP growth of Thailand has been running for a decade between 2% and 8%, with high volatility, especially because of the consequences of tensions in the South of Thailand, the 2004 tsunami and political instability linked to shirts red and yellow shirts and the 2008 crisis.

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