The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 17.367 trillion baht (US$495 billion) in 2022, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017.
Bangkok, the commercial hub of Thailand
Development of real GDP per capita, 1890 to 2018
Phuket in 2004. The Indian Ocean tsunami affected the economy
A coalition government under Abhisit Vejjajiva was formed in 2008
Thailand, officially the Kingdom of Thailand and historically known as Siam, is a country in Southeast Asia on the Indochinese Peninsula. With a population of almost 70 million, it spans 513,120 square kilometres (198,120 sq mi). Thailand is bordered to the northwest by Myanmar, to the northeast and east by Laos, to the southeast by Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the southwest by the Andaman Sea; it also shares maritime borders with Vietnam to the southeast and Indonesia and India to the southwest. Bangkok is the state capital and largest city.
Phra Achana, Wat Si Chum, Sukhothai Historical Park.
The ruins of Wat Mahathat, Sukhothai Historical Park.
Ayutthaya and neighbors, c. 1415 CE.
Painting of Ayutthaya city c. 1665, by Johannes Vingboons