The Kingdom of Thailand (formerly known as Siam), is an independent country that lies in the heart of Southeast Asia. The country is bordered to the north by Laos and Myanmar, enclosed by Cambodia and Vietnam on the east, bounded by the Gulf of Thailand and Malaysiaon the south, and encircled by the Andaman Sea and Myanmar on the west.
For centuries, Thailand has delighted visitors. An awe-struck 17th-century traveler, after seeing Thailand’s royal capital of Ayutthaya for the first time, wrote that Thailand is, “A city with golden spires and more than 2,000 gilt images.” Thailand has seen considerable change since then, but its allure is undiminished. It is easily the most popular travel and business destination in Southeast Asia.
ECONOMICS. Thailand Economy Pro-business market by strong foreign investment and export-oriented manufacturing especially in electronics, food and cars. Exports to Thailand, which accounted for 60% of GDP. Thailand, rapid economic growth before the Asian crisis of 1997, average annual GDP growth of 9,4%. But the crisis has negatively affected business in Thailand and saw the value of the Thai baht fell by more than 50% against the U.S. dollar. Since the crisis, the economy grew at a growth path.
Thailand’s GDP was $ 163.5 billion, with per capita GDP of U.S. $ 2,537 in 2004. Thailand’s GDP grew by 4.6% from 2000 to 2004, mainly due to exports of high technology products, especially electronics. Inflation remains below 2.0% from 2000 to 2003, but rose by 2,8% in 2004. Nevertheless, showed a downward trend in unemployment from 3,6% in 2000 to 1,8% in 2004.
Almost 60% of Thai workers in the agricultural industry, but only contributed 9.8% of GDP in 2004. Industry contributed 46.1% of GDP and the Thai manufacturing 44.1% during the period. The main industries are tourism, electronics, textiles and clothing, food, beverages, agricultural products, jewelry, furniture, plastics, transport equipment and mining of tungsten and tin. major agricultural products: rice, cassava, rubber, corn, sugarcane, coconuts, soybeans and milk.