Business And Market Overview Of Thailand

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.