Thailand Economy

Thailand’s economy

Thai economy in 2014
Population: 64.46 million           GDP: $336 billion        Annual GDP growth: 6.5% last year    Exports: $226 billion

Thai economy is expected to grow much slower in 2013-2014. Partly due to global economic conditions and local political issues have shaken confidence in the Thai economy in 2013 and continue till date. The strengths of the Thai economy are in exports, tourism and manufacturing. Thailand is considered to be an industrialized nation. Compared to neighboring Cambodia, Burma and Laos, Thailand enjoys a much better economic conditions however it is yet to achieve the per capita income levels of its southern neighbors Malaysia and Singapore. The Thai economy in 2014 could perform a lot better however the challenge would be political stability.

 

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