Macroeconomics

Facts about Thailand

Population (2014) 

65.12 million

ASEAN Population 

625 million

Literacy Rate

98%

Minimum Wage 

300 Baht/day

GDP (2014)

US$404.8 billion

GDP per Capita (2014) 

US$6,041.1

GDP Growth (2014)  

0.9%

GDP Growth (2015, projected)

2.9%

Export Growth (2014) 

-0.3%

Export Growth (2015, projected)  

-5.0%

Trade Balance (2014) 

US$24.6 billion

Current Account Balance (2014)  

US$13.1 billion

International Reserves (2014)

US$157.1 billion

Capacity Utilization (2014) 

60.48%

Manufacturing Production Index (2014) 

168.2

Core Inflation (2014)

1.59%

Headline Inflation (2014) 

1.89%

Consumer Price Index (October 2015) (2011=100)

106.49

Corporate Income Tax 

10-20%

Withholding Tax 

0-15%

Value Added Tax

7%

Nov 2015 Average Exchange Rates

US$1 

35.78 baht

€1 

38.45 baht

£1

54.41 baht

100 ¥

29.22 baht

CNY1

5.62 baht



updated: December 2015