5 thoughts on “How is the economy in Thailand?”

  1. Fun Travel answers for you,

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    I I have been to Thailand and Vietnam several times. Thailand's economy is better than Vietnam. At least the infrastructure is better than Vietnam (highway, greening, dock, bridge, etc.). The roads are in all directions, and there are almost no dirt roads. This hair is better than China. In the past, the economy was one of the "Four Asian Dragons", which is stronger than China. Now China's economic development is so fast than Thailand.
    I think Thailand has faith than Vietnam, Buddhist temples are everywhere, and Thai people are more polite.
    It hope to help you.
    The island, just fun! Fun Journal, the first brand of islands around the world.

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  2. Thailand is an emerging economy and considered an emerging industrialization country. Thailand is the second largest economy in Southeast Asia, second only to Indonesia, but its per capita domestic GDP in 2012 was only 5,390 US dollars. After Singapore, Brunei and Malaysia. As of March 29, 2013, the total value of the international reserve was US $ 171.2 billion, the amount of the second largest in Southeast Asia, second only to Singapore. The country's foreign trade volume also ranked second in Southeast Asia, only to Singapore. The industry and service industry are the two major industries of the country's GDP, and the former accounts for 39.2%of the overall. Agriculture accounts for 8.4%of the GDP, lower than the trade industry (13.4%) and logistics technology and communications industry (9.8%). The construction and mining industry account for 4.3%of the GDP. Other service industries include finance, education, and other service industries. Hotels and restaurants account for 24.9%. Telecom and new service trade are the focus of industrial expansion and economic competitiveness. According to social and development indicators, the World Bank uses Thailand as one of the major development stories. Although the total per capita national income is only 5,210 US dollars, and the human development index ranking is only 103rd. According to the new poverty line of the Thai Economic and Social Development Commission, the proportion of population living below the national poverty line decreased from 65.26%in 1988 to 13.15%in 2011. In the first quarter of 2013, the unemployment rate was 0.7%, which is the fourth low in the world's unemployment rate, second only to Cambodia, Monaco and Qatar. In the first half of 2013, the main inflation rate was 2.70%, and the policy interest rate was 2.50%. Thailand implements a free economic policy, which is an export -oriented economy, which is more dependent on external markets such as the United States, Japan, and Europe. In the 1980s, manufacturing, especially the electronics industry, developed rapidly, and the economy continued to grow rapidly. In 1996, Thailand was listed as a medium -income country. After the Asian financial crisis in 1997, it fell into decline and the economy began to recover in 1999. In July 2003, a $ 17.2 billion loan provided by the International Monetary Fund during the financial crisis was paid two years in advance. In 2012, the per capita GDP was about $ 5,390. Since 1963, the national economic and social development plan has been implemented. The eleventh five -year plan began in 2012. The main economic data in 2012 is as follows: GDP: 366 billion US dollars. GDP growth rate: 6.5%. Currency name: baht. Exchange rate (average annual price): $ 1 ≈31.08 baht. Inflation rate: 3.02%. Unemployment rate: 0.7%. In 2012, the fiscal annual budget expenditure was 1.98 trillion baht and revenue of 2.15 trillion baht. As of the end of 2012, foreign debt was US $ 133.7 billion and foreign exchange reserves were US $ 181.6 billion. Foreign trade has an important position in the national economy. In 2012, the foreign trade volume was US $ 444 billion, of which the export volume was US $ 226.2 billion, and the import volume was US $ 217.8 billion, an increase of 3.2%and 7.8%, respectively. China, Japan, ASEAN, the United States, the European Union, etc. are important trading partners in Thailand.主要出口产品有:汽车及零配件、电脑及零配件、集成电路板、电器、初级塑料、化学制品、石化产品、珠宝首饰、成衣、鞋、橡胶、家具、加工海产品及罐头、大米、木薯Wait. The main imported products are: electromechanical products and spare parts, industrial machinery, electronic product spare parts, automotive parts, building materials, crude oil, papermaking machinery, steel, integrated circuit board, chemical products, computer equipment and parts, home appliances, jewelry, jewelry, jewelry, jewelry, jewelry, jewelry, jewelry, jewelry, jewelry Gold jewelry, metal products, feed, fruits and vegetables. Mainly invest in the United States, ASEAN, Mainland China and Taiwan. Thailand's investment in mainland China has developed greatly in recent years. According to incomplete statistics, Tailai China directly invested 480 million US dollars in 2013, an increase of 521.5%year -on -year. The main companies invested in China are: Zhengda Group, Pangu Bank, etc. The Thai economic structure has changed significantly with the rapid economic development. Although agriculture still occupies an important position in the national economy, the proportion of manufacturing in its national economy has expanded. Manufacturing has become the largest industry and one of the main export industries. One of the major features of Thailand's industrialization process is to make full use of its rich agricultural product resources to develop food processing and related manufacturing industries. Wait. Since the 1980s, export products have gradually shifted from agricultural products to industrial products. The main export products are: automatic data processing machines, integrated circuit boards, automobiles and parts, garment, fresh frozen shrimp, gemstone, gemstone, gemstone, gemstone Hed, jewelry, jewelry fiber, rice, radio and television, rubber, etc.; Main imported products are: electronics and industrial machinery, integrated circuits, chemicals, computer accessories, steel, jewelry, metal products, etc. Thailand has become the automobile manufacturing center of the Southeast Asian Alliance market. In 2004, the output of automobiles reached 930,000 units, more than doubled in 2001. Toyota and Ford are active automakers in Thailand. The expansion of the automotive industry has caused local steel production. Most vehicles are built in Thailand's development and authorized foreign manufacturers, mainly Japan and South Korea. Thailand's automotive industry uses the ASEAN Free Trade Zone (AFTA) to find sales for many of its products. Eight manufacturers, five days, the United States, and Indian Tata Group, pickup trucks produced in Thailand. [105] Thailand is the world's second largest truck consumers, second only to the United States. 2014 needs] [Citation, connecting UPS accounts for 42%of Thailand's new car sales. There are standard fixed prices in department stores, and bargaining needs to be bargained in most other places. Under normal circumstances, your final transaction price can be 10-40%lower than the original opening price. It mainly depends on your skills and the mood of the owner. But remember that the Thais appreciate a good manner and humor. As long as you have patience and cheerful smiles, you can not only get better prices, but also enjoy shopping as an art.

  3. Pay content for time limit to check for freenThe answer is very good. On the one hand, Thailand's economic development relies on China. In the second aspect, the political situation in Thailand is turbulent in recent years, but no matter which one of the people is the Prime Minister, the relationship with China Many weapons in Thailand, including advanced ships, anti -ship missiles, tank armored vehicles, etc., which are equivalent to paying protection fees to China.nCan the question be more specific?nThe source of economic and trade cooperation between China and Thailand has a long history. In recent years, this cooperative relationship has been developed more rapidly. At present, the economic and trade relations between China and Thailand have developed well, but there are still many problems. If you can further coordinate each other in relevant economic and trade policies, especially if you can cooperate in the construction of the China-ASEAN free trade zone construction and cooperation in the Lancang River Mekong River sub-regional area China -China coordination policies will effectively promote economic and trade cooperation between China and Thailand, so that China and Thailand will achieve practical results in cooperation. At the same time, it will greatly promote the construction of the China -ASEAN Free Trade Zone. The economic and trade cooperation between the two countries continued to grow. Thailand is the 14th major trading partner in China and the third largest trading partner among ASEAN countries. China is the second largest trading partner in Thailand. In 2009, the bilateral trade volume was US $ 38.2 billion, a year -on -year decrease of 7.5%. Among them, China exported US $ 13.31 billion, a year -on -year decrease of 14.9%, and imports were 24.9 billion U.S. dollars, a year -on -year decrease of 3%. China has been in the Thai trade since 1996. The two -way investment in the two countries is good. As of the end of 2009, there were 3,975 investment projects in Tailaihua, with an actual investment of 3.24 billion US dollars. China to ThailandnChina ’s direct investment in Thai and African financial categories cumulates a total of $ 540 million. Chinese companies have signed a total of US $ 6.64 billion in foreign contracting projects, labor cooperation and design consulting contracts in Thailand, with a turnover of US $ 4.13 billion. Among them, in 2009, the new contract volume was US $ 720 million, and the turnover was US $ 530 million.nMore 2nBleak

  4. Thailand currently implements free economic policies. It belongs to an ex -economy economy and depends on external markets such as the United States, Japan, and Europe. In the 1980s, manufacturing, especially the electronics industry, developed rapidly, and the economy continued to grow rapidly. It was listed as a middle -income country in 1996. After the financial crisis in 1997, it fell into decline. The economy began to recover in 1999.
    The five -year plan for the implementation of the national economic and social development since 1961. The ninth five -year plan started in 2002.
    in recent years, the economic situation has improved significantly. In July 2003, a $ 17.2 billion loan loan loan from the International Monetary Fund was paid two years in advance during the financial crisis. As of the end of December 2006, Thailand's foreign debt was US $ 59.935 billion; foreign exchange reserves were US $ 66.985 billion. The main economic data in 2006 is:
    GDP of domestic product: 7813.1 billion baht (about 206 billion US dollars)
    Coustan GDP growth rate: 4.2 %
    per capita national GDP: 117362 Thai baht (about 3094 US dollars)
    Currency name: baht
    exchange rate (annual average price): 1 USD ≈ 37.93 baht
    %
    [Resources]
    The main include potassium salt, tin, lignite, oil shale, natural gas, as well as zinc, lead, tungsten, iron, pyrine, chromium, heavy spar, gemstone and oil. Among them, potassium salt reserves are 43.67 million tons, ranking first in the world, with tin reserves of about 1.2 million tons, accounting for 12 % of the world's total reserves. Oil shale reserves reached 1.87 million tons, lignite reserves of about 2 billion tons, natural gas reserves of about 1.6.4 trillion cubic feet, and oil reserves of 15 million tons. The total area of ​​the forest is 14.4 million hectares, with a coverage rate of 25 %.
    [Industry]
    Export -oriented industry. The main categories are: mining, textile, electronics, plastic, food processing, toys, car assembly, building materials, petrochemicals, software, tires, furniture, etc. The proportion of industries in GDP has continued to rise. In 2006, the manufacturing production index increased by 7.4%, commercial transportation machinery and equipment increased by 5.0%, the textile industry increased by 2.5%, and the building materials industry, food processing industry, and rubber industry also increased to different extent.
    [Agricultural]
    Agriculture is a traditional Thai economy industry with a population of about 15.3 million. The nationwide arable land area is about 140 million Lai (1 Lai = 1600 square meters), accounting for 41 % of the land area. The main crops include rice, corn, caramel, rubber, sugar cane, mung beans, hemp, tobacco, coffee beans, cotton, palm oil, coconut, etc. In 2006, Thailand exported rice was 7.4 million tons, a year -on -year decrease of 0.8%, and the export volume was 97.6 billion baht (about 2.5 billion US dollars), an increase of 5%year -on -year. The production of cassava, rubber, and sugar cane has increased to varying degrees, an increase of 55.1%, 3%, and 25.9%year -on -year. In 2006, farmers' income increased significantly, an increase of 30.3%year -on -year.
    [fishing industry]
    has a vast sea area, with 2,705 kilometers of coastline, Thailand and Andaman Bay are unique natural marine fishing grounds. In addition, there is a freshwater farm with a total area of ​​more than 1,100 square kilometers. Bangkok, Songka, Phuket and other places are important fishery centers and fishing products. Thailand is one of the main fish products supply countries in the world, and it is also the third largest marine fishery country in Asia after Japan and China. About 500,000 people are engaged in fisheries.
    [Service Industry]
    The tourism industry is one of the important sources of foreign exchange income. The main tourist spots are Bangkok, Phuket, Chiang Mai, and Pataya. In recent years, Qinglai, Huaxin, Sume Island and other places have also been welcomed by tourists at home and abroad. In 2006, the tourism industry was gradually eliminated by the Indian Ocean tsunami. Foreign tourists increased by 20 % year -on -year, totaling 13.8 million people, of which East Asian tourists accounted for 55.2 %, and Europe and the United States accounted for 25.3 % and 6.7 %, respectively. The hotel occupancy rate throughout the year is 63%. Tourism revenue was 470.6 billion baht (about $ 12.4 billion).
    [Real estate industry] In 2006, the national land transaction was 835,95, and the transaction value was 617.93 billion baht. The new batch of urban construction land was 1.957 million square meters, a year -on -year decrease of 0.3%.
    [Electric Credit Industry] In recent years, it has maintained a stable development. In 2006, there were 42,000 newly fixed telephone users and 41 million mobile phone users, with a year -on -year increase of 0.6%and 28.2%, respectively.
    [Transportation] Mainly road and aviation transportation. The main circumstances in recent years are as follows:
    Railway: mainly narrow rails. The total length is 4451 kilometers, and a total of 47 provinces across the country.
    Highway: a total of 160,000 kilometers of road mileage. Each government and counties have highways connected, all directions. In 2006, 24.807 million registered motor vehicles were registered in the country. The Kunman Highway, which is currently under construction, starts in Kunming, China, ends in Bangkok, Thailand, with a total length of more than 1,800 kilometers. It is an international channel for accelerated construction in China and Southeast Asian countries.
    The water transport: Mekong River and Chao Phraya River are the two major waterway transportation lines in Thailand; there are 47 ports across the country, including 26 bays and 21 international ports. Bangkok is the most important port. The throughput of imported goods. Important terminals include Lianchabang Port, Songka Deepwater Port, and Phuket Deepwater Port. The sea transport line can reach China, Japan, the United States, Europe, and Singapore.
    It air transport: There are 37 airports across the country, including 8 international airports. Bangkok Langman International Airport is an important air transportation hub in Southeast Asia. Bangkok's second international airport -Suwannap International Airport has been put into use. A total of 53 countries have 80 airlines with fixed routes in Thailand. 89 international routes can reach more than 40 cities in Europe, the United States, Asia, Asia, and Oceania. Domestic routes are located in 21 large and medium cities across the country.
    [Financial Finance] Implement a balanced budget policy. The 2006 fiscal budget expenditure was 1360 billion baht, with revenue of 1339.4 billion baht. In recent years, the actual fiscal revenue and expenditure is below (unit: 100 million baht):
    years 2000 2001 2002 2003 2005 2006
    Income 7481 7654 8454 10686 12668 13394
    12500 13600
    Dishes -1024 -1106 -1268 -318 83 168 -206
    (Data Source: National Bank of Thailand)
    [Foreign Trade] Foreign trade has an important position in the national economy. In 2006, the foreign trade volume was US $ 254.2 billion, of which 128.2 billion US dollars were exported, and the imports were US $ 126 billion, an increase of 17.4%and 7%, respectively. The United States, the European Union, Japan, ASEAN, etc. are important Thai trading partners.
    The main export products are: automobiles and spare parts, computers and parts, integrated circuit boards, electrical appliances, primary plastics, chemical products, petrochemical products, jewelry, jackets, shoes, rubber, furniture, seafood processing and canned food , Rice, cassava, etc. In 2006, the exports of jewelry agricultural products, seafood, industrial products, and high -tech products increased by 30.3%, 13.5%, 16.4%, and 18%, respectively.
    The main imports of imported products are: electromechanical products and spare parts, industrial machinery, electronic industry spare parts, automobile parts, building materials, crude oil, papermaking machinery, steel, integrated circuit board, chemical products, computer equipment and parts, parts and parts, parts and parts, parts and parts, parts and parts, parts, and parts, and parts, and parts, and parts, and parts, and parts, and parts, components, components, and parts, components, components, and parts, and parts, components, components, and parts, and parts, components, and parts, and parts, components, and parts, components, and parts, components, and parts, components, and parts, parts, components, and parts, and parts, components, and parts, components, and parts, components, and parts, parts, components, and parts of components, parts, components, and parts of components, parts, components, Household appliances, jewelry gold ornaments, metal products, feed, fruits and vegetables. In 2005, raw materials, automobiles and parts, and crude oil imports increased by 5.1%, 6.4%, and 17.6%, respectively.
    (Source: National Bank of Thailand)
    [Foreign Investment] Investment in the United States, ASEAN, China and Taiwan.
    The investment in Thailand has developed a lot in recent years. According to incomplete statistics, as of the end of 2006, I approved a total of US $ 2.97 billion in actual investment. The main companies invested in China are: Zhengda Group, Siamese Machinery Group, Pangu Bank, etc.
    [Foreign Investment] Since 1961, an open market economy policy has been implemented, and a series of preferential policies have been adopted to encourage foreign investors to invest in Thailand. From 1987 to 1990, it was a peak of foreign investment in foreign countries. In 1997, Thailand suffered a serious financial crisis, and foreign investment dropped sharply. Since then, the Thai government has increased investment, continuously strengthened infrastructure construction, improved legislation, and created a good environment to attract foreign investment. According to preliminary statistics, the net direct investment in Thailand in 2006 was 307.7 billion baht (about 9.45 billion U.S. dollars). According to statistics from the Thai Investment Promotion Committee (BOI), from 1993 to 2006, according to the investment in Thailand, the top 5 are: Japan, the European Union, the United States, Taiwan, Hong Kong, China. The main investment areas are metal processing and machinery manufacturing.
    [People's Life] In the 1980s and 1990s, the economy continued to grow rapidly, and the people's living standards increased accordingly. The minimum wages and salary of civil servants were raised many times, and the status of residents' education, health, and social welfare continued to improve. After the financial crisis in 1997, the per capita national income fell. The economy gradually recovered in 1999, and the people's living standards increased again. In 2006, the per capita national product was 11,7362 baht (about $ 3094).

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