Economy — Thailand
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Thailand: With a relatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand is highly dependent on international trade, with exports accounting for about two-thirds of GDP. Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and p…
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Economic overview
- Economic Overview
With a relatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand is highly dependent on international trade, with exports accounting for about two-thirds of GDP.
Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and processed foods.
The industry and service sectors produce about 90% of GDP.
The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force.
Thailand has attracted an estimated 3.0-4.5 million migrant workers, mostly from neighboring countries.
Over the last few decades, Thailand has reduced poverty substantially.
In 2013, the Thai Government implemented a nationwide 300 baht (roughly $10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners.
Thailand’s economy is recovering from slow growth during the years since the 2014 coup.
Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels.
Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions.
Over the longer term, household debt levels, political uncertainty, and an aging population pose risks to growth.
- Industries
Tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry, electric appliances and components, computers and parts, integrated circuits, furniture, plastics, world's second-largest tungsten producer, and third-largest tin producer
- GDP - per capita (PPP)
$16,100.00 (USD)
- GDP - real growth rate
2.5%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$1,206,620,000,000 (USD)
- GDP Per Capita
$16,100.00 (USD)
- GDP - real growth rate
2.5%
- GDP - official exchange rate
$373,500,000,000 (USD)
- GDP - composition, by end use
- Household consumption: 52.8%
- Government consumption: 17.1%
- Investment in fixed capital: 25.3%
- Investment in inventories: -0.2%
- Exports of goods and services: 67.6%
- Imports of goods and services: -62.6%
- GDP by Sector- agriculture
10.4%
- GDP by Sector- Industry
37.7%
- GDP by Sector- services
51.9%
- Industrial Growth Rate
14.5%
Prices & money
- Inflation Rate
3.3%
- Exchange Rate per US Dollar
34.61
- Currency Name and Code
Thai Baht (THB)
- Fiscal Year
1 October - 30 September
- Commercial Bank Prime Lending Rate
6.9%
Employment & labor
- Labor Force
38,700,000
- Unemployment Rate
1.2%
- Major Industries
Tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry, electric appliances and components, computers and parts, integrated circuits, furniture, plastics, world's second-largest tungsten producer, and third-largest tin producer
- Agriculture Products
Rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans
- Population Below Poverty Line
9.6%
- Child Labor - # of children ages 5-14
818,399
- Child Labor - % of children ages 5-14
8%
Public finance
- Annual Budget
$56,330,000,000 (USD)
- Public Debt (% of GDP)
35.9%
- Budget Surplus or Deficit - percent of GDP
-4%
- Taxes and other revenues - percent of GDP
20.2%